Bihar Intensifies Investments as Industrial Growth Accelerates
ECONOMY & POLICY

Bihar Intensifies Investments as Industrial Growth Accelerates

Bihar, once considered less industry-friendly, is witnessing a surge in major investments, with notable contributions from Adani Group, Coca-Cola, and other industry leaders. The state's industries and tourism minister, Nitish Mishra, is playing a pivotal role in reshaping the state's industrial landscape, positioning it as a gateway to eastern India for investors.

Mishra emphasized that the long-standing perception of Bihar as an underdeveloped industrial hub is gradually changing. Recent investments, including Adani Group's Rs 8,700 crore commitment and Coca-Cola’s expansion plans, signal Bihar’s growing appeal to investors.

The state offers a range of fiscal incentives, including tax waivers, interest subvention, and transportation subsidies. Additionally, Bihar’s resource-rich economy, combined with cheap labor, strategic location, and improving infrastructure, makes it an attractive destination for industries such as agro-processing, leather, and textiles.

Mishra highlighted that Bihar's strategic location near major markets in eastern and northern India, Nepal, Bangladesh, and Bhutan, coupled with an abundant supply of raw materials, positions it well for industrial growth.

With a land bank of 3,000 acres and a focus on sectors like food processing, IT, textiles, and renewable energy, Bihar is poised to attract further investments in its second Bihar Business Connect investor summit in December 2024.

Bihar, once considered less industry-friendly, is witnessing a surge in major investments, with notable contributions from Adani Group, Coca-Cola, and other industry leaders. The state's industries and tourism minister, Nitish Mishra, is playing a pivotal role in reshaping the state's industrial landscape, positioning it as a gateway to eastern India for investors. Mishra emphasized that the long-standing perception of Bihar as an underdeveloped industrial hub is gradually changing. Recent investments, including Adani Group's Rs 8,700 crore commitment and Coca-Cola’s expansion plans, signal Bihar’s growing appeal to investors. The state offers a range of fiscal incentives, including tax waivers, interest subvention, and transportation subsidies. Additionally, Bihar’s resource-rich economy, combined with cheap labor, strategic location, and improving infrastructure, makes it an attractive destination for industries such as agro-processing, leather, and textiles. Mishra highlighted that Bihar's strategic location near major markets in eastern and northern India, Nepal, Bangladesh, and Bhutan, coupled with an abundant supply of raw materials, positions it well for industrial growth. With a land bank of 3,000 acres and a focus on sectors like food processing, IT, textiles, and renewable energy, Bihar is poised to attract further investments in its second Bihar Business Connect investor summit in December 2024.

Next Story
Equipment

Kobelco CE India Marks Milestone with 20,000th Excavator

Kobelco Construction Equipment India (KCEI), a subsidiary of Japan-based Kobelco Construction Machinery Co., has reached a significant production milestone by rolling out its 20,000th excavator at its manufacturing plant in Sri City, Andhra Pradesh. This facility serves both domestic and international markets, reinforcing India’s role as a key production center for Kobelco.Takemichi Hirakawa, Managing Director & CEO, Kobelco Construction Equipment India, said, ""Reaching the 20,000th excavator production milestone reflects our commitment to delivering high-quality construction equipment...

Next Story
Infrastructure Transport

Cabinet Approves Highway from JNPA to Chowk in Maharashtra

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 6-lane access-controlled Greenfield High-Speed National Highway from JNPA Port (Pagote) to Chowk in Maharashtra. The 29.219 km project will be developed on a Build, Operate, and Transfer (BOT) toll model at an estimated cost of Rs 45 billion. As part of the PM Gati Shakti National Master Plan, the project aims to enhance road connectivity to major ports, addressing increasing container traffic at JNPA and the upcoming Navi Mumbai International Airport. Currently, heavy co..

Next Story
Infrastructure Urban

Effective Implementation of MGNREGA in the Last Decade

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, aims to enhance livelihood security in rural areas by guaranteeing at least 100 days of wage employment per year to willing adult members of rural households performing unskilled manual labour. Over the years, the government has significantly increased budget allocations for the scheme. From Rs 113 billion in 2006-07, the allocation rose to Rs 330 billion in 2013-14 and reached a record Rs 860 billion in 2024-25. During the COVID-19 pandemic in 2020-21, the government spent Rs 1,110 billion under MGNREG..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?