Bihar, A Land Of Opportunity

BIHAR

A Land Of Opportunities

                       

You might have grown up listening disturbing sound ‘Oye Bihari’ but now scenario is totally changed.

 If your present becomes bright, your future looks brighter and people give credit to your past. Now people have started seeing our past and  relate it with our present. Bihar, the ancient land of Buddha, has witness golden period of Indian history. It is the same land where the seeds of the first republic were sown and which cultivated the first crop of democracy. Such fertile is the soil that has given birth to innumerous intellectuals which spread the light of knowledge and wisdom not only in the country but in the whole world.

Now India and it people have strated believing in the prospects of Bihar.

With the changed political arena and with the best possible law and order, Bihar has become a land of immense opportunities for entrepreneurs, industrialists, students and other professionals.  Department of Industries, Government of Bihar have made excellent policies to encourage entrepreneurs of our nation and the Indian living abroad (pravasi Bhatiya ).

Present Government of Bihar have come in power continuously for second term with landside victory.  Second term is dedicated to achieve all the targets of development set during first term.

Already Bihar has been declared on the top position in terms of development, administration and law and order  and has achieved a bright face.

Bihar calls to all entrepreneurs and industrialists  to join hands in the all round development of Bihar through cottage, small, medium and large industries. For this reason industrial incentive policy 2006 has been reviewed in 2011 with the suggestion and consultations of Bihar industries  association, Bihar chamber of commerce, confederation  of India Industry, laghu udyog  Bihar, Hazipur udyog sangh etc and other related organizations and concerned Government Departments. The industrial policies of different neighboring states have also been considered in formulation of this policy.

Look at these focus points of policy

. Granting incentives such, 100 % exemption from stamp duty and registration fees during pre – production phase.

. Capital subsidy for industrial units,

. Inclusion of entry-tax in the re -imbursement of 80% of VAT,

. Incentive also to existing units for captive power Generation (diesel generating sets and subsidy or non-conventional source of energy production, reimbursement of expenses incurred  on project reports, technical know -how feels, quality certification , electricity duty etc………

It is expected that the industrial incentive policy-2011 will boost the development of the state and it will result in rapid industrial development, with enhanced employment generation. The Industries of Bihar have started playing a very positive role in the overall development of all the citizens of Bihar and in this context looking for all sort of talents from all corners of the Nation and the globe.

To attract domestic and foreign investment, Department of industries, Government of Bihar, are prepared to provide basic infrastructure like……..

. Land Bank – As per the requirement of different industries and development scheme, land would be made available from the land bank.

. Creating Market – creation of marketing potential for sales of the products of small, micro , rural units, handicrafts, handlooms, khadi, sericulture etc………..in order to ensure their development.

. Prevention measures of industrial sickness

. Setting up of effective single window system

. Simplification and transparency in all kinds of all allotments & grants…………

. Establishment of industrial parks BIADA for setting up new medium and large industries in rural and urban areas.

Now it is also essential to know the thrust areas of the state Government of Bihar. Thrust areas have been chosen very carefully and are being promoted with all the sincerity.

The following are thrust areas for the industrial development in Bihar –

. Food processing

. Agriculture based industries

. Tourism related industries

. Super specialty Hospital

. Higher / technical educational institutions

. Information technology based industries

.Electronic hardware industry

. Textile industry

. Energy /non-conventional energy

 Here is one more important information. Those units, which comply with the Reservations policy of the Government of Bihar, in employment, will be given an additional 10% over and above the fiscal incentives for which they are eligible under this policy.

NOTE : department of industries, Government of Bihar, clearly have given list of industries ELIGIBLE & NOT ELIGIBLE for incentives. To go through this list is a must for every entrepreneur and industrialist interested to invest.