Bihar
Mega Industry Players in Bihar
- 03 Sep 2024
- 1 min read
Why in News?
Recently, Bihar received Rs 12,000 crore in investment proposals between 2022 and 2024, a significant rise from the Rs 2,500 crore received between 2016 and 2022.
Key Points
- Investors: Major players like Britannia, PepsiCo, Tata Group, and Medanta are investing in the state.
- Sectoral Focus: Investments are primarily in textile, leather, food processing, and cement industries.
- Key projects include Ambuja Cements' Rs 1,600-crore unit, Tata Group's Taj hotel, and Medanta's hospital.
- The entry of private players has significantly improved healthcare, reducing the load on government hospitals.
- Bihar's strength in food processing, supported by abundant raw materials, is recognised as a key area for future investment growth.
- Government Initiatives for Industry: The state has created a land bank of 5,000 acres and leased out 7,592 acres in the last two years.
- New industrial areas are being developed in 31 districts, with SEZs (Special Economic Zones) planned in West Champaran and Buxar.
- Challenges: Despite progress, investors face issues with land availability, infrastructure, ease of doing business, and concerns about labor unrest.
- The government emphasized the importance of enhancing single-window systems and extending government incentives.
