+
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
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?