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Udyami Panchayat held on May 30, 2016

Bihar will soon have a new and modified State Industrial Incentive Policy, which will come into force from June 30.

Addressing the 9th ‘Udyami Panchayat’, a state government’s interaction meeting with entrepreneurs and office-bearers of industries bodies, at ‘Samvad’ hall here on Monday, CM Nitish Kumar said the new policy would be prepared keeping in mind the ‘benefits and fallouts’ of the state’s two previous industrial incentive policies which remained in force from 2006 to 2016.

“The term of existing Bihar Industrial Incentive Policy is going to expire in June. There is a need of new industrial incentive policy from June 30 onwards,” CM said and asked the industries department officials to incorporate the feedback received from entrepreneurs in the forthcoming policy.

He said, the new policy was being prepared in such a way that it would enhance industrial activities in Bihar. Nitish also urged entrepreneurs not to do anything which could bring a bad name to the state.

CM also announced that henceforth the ‘Udyami Panchayat’ would be held on a regular basis on fifth Monday of a month. “Earlier, we organized altogether eight such panchayats for listening to grievances and suggestions of entrepreneurs,” he said.

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