Bihar Eyes Tech-Led Industrial Growth
ECONOMY & POLICY

Bihar Eyes Tech-Led Industrial Growth

The Bihar government is engaging with the Pan IIT Alumni India Bangalore Summit 2026 in Bengaluru as part of efforts to strengthen its technology and innovation ecosystem and attract industry and investor participation.

The summit, themed ‘Catalysing Innovation, Entrepreneurship and Nation Building’, will bring together IIT alumni, investors, technology leaders, startup founders, policymakers, academicians and industry experts. Discussions will focus on artificial intelligence, digital infrastructure, deep technology, entrepreneurship and next-generation industrial opportunities.

The engagement is linked to Bihar’s proposed ‘New Tech Hub’ initiative and aims to deepen collaboration between government, academia, industry and investors. Shri Ruhail Ranjan, MLA, Islampur; Shri Abhishek Anand, MLA, Cheria Bariarpur; and Prof. Preetam Kumar, IIT Patna, have been identified to interact with stakeholders at the summit.

The state is also exploring the possibility of hosting a future Pan IIT Alumni India or technology-focused summit in Bihar. The move comes alongside the Bihar Industrial Investment Promotion Package 2025, which offers incentives across sectors such as information technology, electronics, electric mobility, logistics, renewable energy, food processing and advanced manufacturing.

The package includes land support, capital subsidies, SGST reimbursement, employment-linked incentives and infrastructure assistance to improve Bihar’s investment competitiveness.

Ruhail Ranjan said Bihar is at an important economic turning point and must focus on creating opportunities for young people to build companies and develop technology within the state.

Dr Preetam Kumar said the three AI Centres of Excellence at IIT Patna will strengthen Bihar’s deep-tech and research capabilities, with focus areas including agriculture, healthcare, robotics, education, wireless technologies and disaster management.

Ashok Kumar, Secretary, Pan IIT Alumni India, said Bihar’s engagement with the Pan IIT ecosystem reflects serious intent to position the state within India’s next technology and innovation cycle.

The Bihar government is engaging with the Pan IIT Alumni India Bangalore Summit 2026 in Bengaluru as part of efforts to strengthen its technology and innovation ecosystem and attract industry and investor participation.The summit, themed ‘Catalysing Innovation, Entrepreneurship and Nation Building’, will bring together IIT alumni, investors, technology leaders, startup founders, policymakers, academicians and industry experts. Discussions will focus on artificial intelligence, digital infrastructure, deep technology, entrepreneurship and next-generation industrial opportunities.The engagement is linked to Bihar’s proposed ‘New Tech Hub’ initiative and aims to deepen collaboration between government, academia, industry and investors. Shri Ruhail Ranjan, MLA, Islampur; Shri Abhishek Anand, MLA, Cheria Bariarpur; and Prof. Preetam Kumar, IIT Patna, have been identified to interact with stakeholders at the summit.The state is also exploring the possibility of hosting a future Pan IIT Alumni India or technology-focused summit in Bihar. The move comes alongside the Bihar Industrial Investment Promotion Package 2025, which offers incentives across sectors such as information technology, electronics, electric mobility, logistics, renewable energy, food processing and advanced manufacturing.The package includes land support, capital subsidies, SGST reimbursement, employment-linked incentives and infrastructure assistance to improve Bihar’s investment competitiveness.Ruhail Ranjan said Bihar is at an important economic turning point and must focus on creating opportunities for young people to build companies and develop technology within the state.Dr Preetam Kumar said the three AI Centres of Excellence at IIT Patna will strengthen Bihar’s deep-tech and research capabilities, with focus areas including agriculture, healthcare, robotics, education, wireless technologies and disaster management.Ashok Kumar, Secretary, Pan IIT Alumni India, said Bihar’s engagement with the Pan IIT ecosystem reflects serious intent to position the state within India’s next technology and innovation cycle.

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement