Industrial Policy of Bihar
Bihar has immense potential to emerge as the most industrialised state in India. It possesses the richest mineral reserves in the country. It also is endowed with resources such as surface and ground water, fertile land, disciplined and skilled man power etc., so very essential for the establishment of industries.
The changes taking place in the economic policies of the country, the vast internal market, being the bordering state of Nepal, abundance of natural resources and a stable Government have created a natural attraction both for the Indian and the foreign investors for investment in the state.
The State Government firmly believe in maximising capital investment in the state for its accelerated economic development as also for generation of employment and incomes. The State Government is committed to create an environment conducive to growth of industries in the state. While not given to encouraging rank consumerism and production of luxury goods for conspicuous consumption the Government is determined to encourage investment in the industries based on state's agro-climatic and mineral resources as also in development of infrastructure.
Currently the Industrial Incentive Policy 1993 is in vogue in the State. However in the context of changes taking place in the economic scenario at the international as also the national level in the country and the competition amongst various countries and the states in India for investments it has been considered essential to formulate a new Industrial Policy for attracting private investment including foreign investment, in identified Thrust Areas as also for creation of essential infrastruture including for power generation.
Investment Opportunities in Bihar
Investment Incentives in Bihar
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