PATNA: Top executives of 60 prominent companies across various sectors such as information technology (IT), food processing, textile, pharmaceutical and agrotech participated in the Bihar Investors Meet organised by state industries department at Hyderabad on Saturday.
Prominent among the participant industry representatives, included Nirmala Reddy, founder and managing director, OHM groups, Bhaskar Reddy, former president, Federation of Telangana Chamber of Commerce and Industry and Khyati Nawarne, CEO, Federation of Telangana Chamber of Commerce and Industry.
Speaking on the occasion, industry minister Syed Shahnawaz Hussain said various steps have been taken to encourage investors and accelerate setting up of more industrial units in Bihar during the last one-year.
“Bihar has received investment proposals worth Rs39,000 crore. Investment proposals worth Rs30,382 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 land 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,” Shahnawaz said while assuring investors of conducive environment in the state.
He added: “Recently, a big 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%.”
During the investors’ meet, a presentation was made for the potential investors on investment opportunities in Bihar by principal secretary (industries), Sandeep Poundrik.
During the presentation, Poundrik said whether it is textile, manufacturing or IT industry, a large chunk manpower is from Bihar, who are willing to return back to the state. “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 provides access to about 40 crore market population. We also have education institutional base to produce students with technical and managerial skills as per industry requirement. We are also providing plug and play facility to investors,” Poundrik said.
PATCH: Bihar Craft Fair at Hyderabad:
Apart from investors meet, Bihar Craft Fair was jointly inaugurated by union tourism minister G Kishan Reddy and state industry minister Syed Shahnawaz Hussain at Shilparamam in Hyderabad on Saturday. The fair aimed at promoting handcraft and handloom of the state will continue till July 25. After visiting different stalls at the fair, the union minister told reporters that Bihar’s local craft is quite rich and such fair should be organised at Hyderabad every year.
State industry minister Syed Shahnawaz Hussain addressing Bihar Investors' Meet at Hyderabad on Saturday.
Union tourism minister G Kishan Reddy and state industry minister Syed Shahnawaz Hussain at Bihar Craft Fair at Hyderabad on Saturday.
