CII Pune hosts Bihar Investor’s Road Show

Pune 7 December 2019 : With improving infrastructure , law and order , electricity and last mile.connectivity , Bihar has rolled out red carpet for investors and start ups by reaching out series of Investors Roadshow in Gujarat and Maharashtra.

The Department of Industries, Government of Bihar, along with the Confederation of Indian Industry (CII), had organised Bihar Investor’s Roadshow meeting with Industry leaders from Pune. The meeting was chaired by Shri Shyam Rajak, Hon’ble Minister of Department of Industries, Government of Bihar in presence of Mr R S Srivastav, IRS, Investment Commissioner , Ravindra Prasad ITS , Director Technical Department of Industries and senior officials from Department of Industries, Sudhir Gurtoo Convenor CII Pune MSME Panel and MD Leadec India pvt ltd .

The dignitaries from Government of Bihar presented investment opportunities available in Food Processing, Textile, Information Technology, Small Machine manufacturing, Healthcare sectors in Bihar .

Shyam Rajak, Hon’ble Minister of Department of Industries, Government of Bihar said that Bihar has been steadily progressing under the leadership of Hon. Chief Minister Shri Nitish Kumar who has a vision for Bihar . Improved road connectivity , law and order , 22 to 24 hours of electricity in villages Bihar makes up for an attractive destination for investment . Bihar is at the heart of India and therefore it is necessary to strengthen the state for the country to grow . We will grow a greater speed if we get more investment in Bihar. There is a lot of raw material available in the form of Makhana , Maize , Lichi and other agri produce which presents immense opportunities for food processing sector.Investments can help take these products to international markets . He added that Bihar also wants investments in tourism sector which is receiving a boost due to improved connectivity .

Ravindra Prasad , ITS , Director Technical Department of Industries said that the objective of the investment policy is to provide single window system which is time bound . We have divided different industries in three sectors viz Non priority , priority and high priority sectors . Food processing, Textile, IT and ITeS are high priority sector for us.

RS Srivastav IRS, Investment Commissioner , said we have persisted with good reforms and efforts which has resulted in phenomenal growth . On the ease of doing business index parameter we have jumped to 82 percent in 2017 from 16 percent in 2015 . In 2017 Niti Ayog noted that Bihar had maximum percentage of young entrepreneurs indicating that micro , small enterprises were booming . Bihar has been growing at 11 .3 percent and is amongst the four states growing at double digit along with Andhra, Gujarat and Telanga . We have locational advantage of being at the center of eastern India . This is the right time to invest in Bihar .

He added that 200 Start ups have been recognized by Government of Bihar .We have allocated Rs 500 cr for start ups in start up trust for enabling ecosystem in thr State.