Bihar Investors’ Meet Hyderabad: Minister Shahnawaz Hussain
Bihar is progressing towards a new era of industrialisation. Today, Department of Industries, Government of Bihar organised yet another Investors’ Meet at Radisson Hotel in Hyderabad Hitec City inaugurated by Hon’ble Industries Minister Shri Syed Shahnawaz Hussain. The meet witnessed participation from 60 prominent companies across various sectors such as IT, Food Processing, Textile, Pharmaceutical, Agrotech, Textile etc. Shri Nirmala Reddy, Founder and MD, OHM groups, Shri Bhaskar Reddy, Ex-President, Federation of Telangana Chamber of Commerce and Industry, Smt. Khyati Nawarne, CEO, Federation of Telangana Chamber of Commerce and Industry.
Under the visionary leadership of Hon’ble Chief Minister Shri. Nitish Kumar and the continuous efforts from Minister of Industries, Shri. Syed Shahnawaz Hussain at different level, Bihar is making rapid strides to forge ahead on the path of sustainable industrialisation and economic development. The Government of Bihar is making sincere and continuous efforts to improve the business ecosystem through result-oriented measures such as policy/ regulatory reforms, infrastructure development and institutional improvements.
Gracing the occasion, Hon’ble Industries Minister said “Under the able leadership of Hon’ble Chief Minister Shri Nitish Kumar the State is poised to become the most preferred business & investment destination in India. The image of Bihar is getting transformed now. It’s a new Bihar determined and completely prepared, offering favourable ecosystem for businesses to set up and flourish. Bihar is laying down the red carpet to turn investors’ confidence into reality.
Minister of Industries, Government of Bihar added “Companies who are establishing in Bihar are receiving chivalrous welcome from our team. The entire government bodies under the leadership of our Hon’ble Chief Minister Shri. Nitish Kumar is very pro-active in supporting industries to establish in the State. During the last one-year various steps have been taken to encourage investors and accelerate setting up of more industrial units in Bihar. Bihar has received investment proposals worth Rs 39,000 crore. Investment proposals worth 30,382 crore are related to ethanol production alone. The major investment Sectors are of food processing, health, agriculture, plastic & rubber and tourism. We have a large land pool of 2900 acres in different districts and complete hand holding support is being provided to the investors for setting up industrial units in Bihar by giving all clearances in a week’s time through single window clearance system”. Recently a historic decision was made in the cabinet meeting to speed up industrialization in Bihar in which the land lease rates of industrial areas were reduced up to 80 percent which is expected to further accelerate the pace of industrialization of Bihar.
During the Investors’ Meet a state presentation was made for the potential investors on Investment opportunities in Bihar by the Principal Secretary, Department of Industries, Government of Bihar, Shri. Sandeep Poundrik, where the investment opportunities and the available infrastructure for industries was displayed to the business community. During the presentation he said that whether it is Textile, Manufacturing or even IT industry, a large chunk manpower is from Bihar who are willing to return back to Bihar. Bihar Government is acting in a proactive manner and taking all possible steps to make conducive climate here. Apart from the huge water resource, Bihar has strategic location advantage which provide access to about 40 cr. market population. The population of Bihar is relatively young. We also have education institutional base to produce students with technical and managerial skills as per industry requirement. The land here is available at very affordable rates. We are also providing plug and play facility to investors.
Hon’ble Industries Minister Shri. Syed Shahnawaz Hussain further added “There is an immense opportunity to invest in Bihar. We invite industries to partner with State Government to participate in the State’s high growth trajectory. The State has worked towards rapid infrastructural development happening in Bihar conducive for industry establishment through various government interventions, policy led reforms and ease of doing business”.
The Investors’ meet concluded with a Q&A session which was also organised between the Senior Officials from Department of Industries and potential investors.
