What’s inside:
This article talks about Bihar’s plans for massive industrial growth and investment over the next five years.
Bihar’s Chief Minister, Nitish Kumar, is taking big steps after the new government formed. He aims to bring in ₹50 lakh crore investment to the state in the next five years. He shared this news on Twitter, highlighting that for a state to grow economically and create jobs, it needs a lot of industries.
Since 2005, Bihar has made significant progress in industrialization. The number of industrial areas has grown from 46 to 94, and industrial units have increased from 1,674 to 3,500. The state’s exports have also shot up from ₹25 crore to ₹17,000 crore within this period, showing the government’s efforts are paying off.
The government plans to make Bihar one of India’s top five states for investment. To attract big industries, they will hold investor conferences in key cities across the country and even abroad. The plan includes improving the ease of doing business, setting up new food parks, and providing skill training to 7 lakh people.
Under the Mukhyamantri Udyami Yojana, over 44,000 entrepreneurs have received funds to start their own businesses. This initiative is helping many people create jobs and boost the local economy. Bihar is also working to become a tech hub by establishing various high-tech projects and encouraging startups.
Additionally, a significant manufacturing cluster is being developed in Dobhi, Gayaji, and new industrial parks will be set up across the state. With good infrastructure, including roads and power supply, the government is determined to ensure locals find jobs within Bihar itself.
Summary:
- Bihar plans to attract ₹50 lakh crore investment in five years.
- Industrial units and exports have significantly increased since 2005.
- Investor conferences will be held to draw big industries.
- 44,000 entrepreneurs have received support to start businesses.
- New manufacturing clusters and parks are being developed in the state.
