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Bihar Investors’ Meet, Delhi: Leading garment exporters keen to invest in Bihar

BIHAR INVESTORS MEET – Delhi

Leading exporters of textile and garments industry, including Shahi Exports, Richa Global, Texport Industries, Pearl Global and Poppys are keen to invest in Bihar, state industry minister Syed Shahnawaz Hussain said on Tuesday.

After Hyderabad and Ludhiana, the third consecutive Bihar Investors’ Meet was organised by the Apparel Export Promotion Council (AEPC) in New Delhi on Tuesday. Addressing the meet, Shahnawaz said it is better to invest in Bihar than in Bangladesh. “This will not only benefit the country, but Bihar will also be able to play its part in strengthening the country’s economy,” he said.

Shahnawaz appealed to the industrialists to come to Bihar and see the reality and said resources, infrastructure and any policy level or other help from the government for the success of the industry, will be provided to them.

As per statement issued by the industries department, representatives of most of the 32 companies gathered in the investors’ meet and praised the policy of Bihar. Leading industrialists of textile and garments described the recently launched textile and leather policy of Bihar as “the best in the country as compared to the policies brought by many other states.”

Naredra Goenka, chairman, AEPC, said that not only Bihar’s textile and leather policy is very good, but the benefit of subsidy given under the policy should be provided immediately. In response to this, industry minister Shahnawaz said: “All industries set up in Bihar are being paid subsidy without any delay.”

Shahi Exports’s MD Harish Ahuja and Richa Global’s CMD Virender Uppal asked questions about the availability of land and rates of industrial land, in response to which principal secretary (industries) Sandeep Poundrik said: “Recently, we have purchased land in 54 industrial areas. The price has been reduced from 20% to 80%. Besides, the availability of land for industry is also sufficient. We have a land bank of 2900 acres, so that there will neither be any delay in land allotment nor there will be any shortage of land.”

In his address, principal secretary Poundrik said: “Infrastructure is being developed rapidly in Bihar with plug and facility and these facilities are being developed in those areas where textiles, garments and related facilities are being developed. Sufficient workforce is available.”

A question and answer (Q&A) session was also held in the meet, in which industrialists got detailed information on the policy of Bihar and the status of infrastructure in the state, and also gave some important suggestions.

Source: TOI

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