In a focused attempt to showcase Bihar’s developmental efforts in the IT and ITeS, ESDM sectors, the Bihar Government has come out vision documents titled ‘Bihar IT/ ITeS Investment Promotion Vision 2017’ & ‘Bihar ESDM Vision 2017’
Bihar’s Chief Minister Nitish Kumar on Thursday (14 September) unveiled the vision document at the Bihar IT and ITeS Investors Conclave 2017 in Patna. The main objective of the conclave was to promote IT, ITeS & ESDM investment in Bihar.
In a focused attempt to showcase Bihar’s developmental efforts in the IT and ITeS, ESDM sectors, the Bihar Government has come out vision documents titled ‘Bihar IT/ ITeS Investment Promotion Vision 2017’ & ‘Bihar ESDM Vision 2017’.
The State Government has taken a decision to build an IT City in Rajgir in Nalanda district on 100 acres of land, 25 acres of land at Bihta in Patna is also proposed for an IT Park with state-of-the-art facilities. An IT Tower is also being developed in the State capital to house IT/ITeS and Electronic companies.
Besides these, to promote industry-led growth in the State, Bihar is also in the process of implementing key reforms and strategic initiatives that will help the State accelerate its envisaged development plan in the sector. The state has drafted Bihar Industrial Investment Promotion Policy 2016, and Bihar Startup Policy 2017, offering sector specific incentives, and subsidies to IT/ITeS and ESDM units and start-ups among many other sectors in the State.
The state has already embarked on the development of the ESDM industry with the implementation of several governance initiatives and setting up state-of-the-art infrastructure earmarked for IT/ ITeS and ESDM.
Nitish Kumar, the Chief Minister of Bihar said, “To facilitate, promote, and develop the ESDM sector of the State and make Bihar one of the most preferred investment destinations for ESDM companies in the country, while offering an enabling environment for industrial investment, transparent and dynamic governance, large scale adoption of R&D and innovation, and supply of a large pool of technically trained manpower available at affordable cost.”
As the State recognizes the significance of the IT/ ITeS sector as major contribution towards the State economy, the State Government wishes to channelize its efforts towards certain key areas that have been identified as major avenues towards high growth, gainful employment generation, and income augmentation while leveraging the traditional strengths and strategic advantages of the state. The focus areas include IT products, software and services, Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Call-centres, Digital content development, Smart technologies, Internet of Things (IoT), Data centres and Big Data.