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Bihar Investors’ Meet, Hyderabad: 60 leading companies participate

Bihar Investors Meet Hyderabad

Bihar Investors Meet Hyderabad

Top executives of at least 60 prominent companies across various sectors, such as information technology (IT), food processing, textile, pharmaceutical and agro-tech participated in the Bihar Investors’ Meet organised by the state industries department in Hyderabad on Saturday.
Prominent among the industry representatives who attended the meet included Nirmala Reddy, founder and managing director of OHM Groups, Bhaskar Reddy, former president of Federation of Telangana Chamber of Commerce and Industry and Khyati Nawarne, CEO of Federation of Telangana Chamber of Commerce and Industry.

Speaking on the occasion, Bihar industry minister Syed Shahnawaz Hussain said various steps have been taken to encourage investors and accelerate setting up of more industrial units in the state during the last one-year.

“Bihar has received investment proposals worth Rs 39,000 crore. Investment proposals worth Rs30,382 crore are related to ethanol production alone. The major investment sectors are of food processing, health, agriculture, plastic, rubber and tourism. We have a large land pool of 2,900 acres in different districts and complete land holding support is being provided to the investors for setting up industrial units in Bihar by giving all clearances in a week’s time through single window clearance system,” Shahnawaz said while assuring investors of conducive environment in the state. He added, “Recently, a big decision was made in the cabinet meeting to speed up industrialization in Bihar in which the land lease rates of industrial areas were reduced up to 80%.”

At the investors’ meet, a presentation was made for the potential investors on investment opportunities in Bihar by the principal secretary (industries) Sandeep Poundrik.

Poundrik said whether it is textile, manufacturing or IT industry, a large chunk of manpower is from Bihar, who are willing to return back to the state.

“Bihar government is acting in a proactive manner and taking all possible steps to make conducive climate in the state. Apart from the huge water resource, Bihar has strategic location advantage, which provide access to about 40 crore market population. We also have educational institutions to produce students with technical and managerial skills as per industry requirement. We are also providing plug and play facility to investors,” Poundrik said.

Source: Times of India

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