Special Industrial Zones in Bihar worth ₹1.81 Lakh Crores
The Bihar Government is planning to set up special industrial zones in Bihar after the success of the Bihar Business Connect 2024 summit. The summit attracted ₹1.81 lakh crores worth of investment proposals for Bihar. This is a great direction for the overall economic development of all the districts in Bihar as the zones will be developed according to the specific strengths of each Bihari district. It will help in strengthening the local industries, the agriculture sector and the local work force and help in creating specific economic sectors for each district.
Let’s breakdown all the details about the investment and the special industrial zones in Bihar (SIZs). We have added a Table of Contents for better navigation through the article.
Table of Contents
Bihar Govt’s New Industrial Strategy
The Bihar government is preparing for a major transformation and its industrial policy under the leadership of Bihar Chief Minister Nitish Kumar. The new industrial policy is aimed at creation of special industrial zones in Bihar which will be specific to certain product and resources. These special industrial zones will not focus on growing the whole state from one approach, rather it aims at understanding the special privilege of each area and harness that potential effectively. This approach will help in creating sustainable local industries without much hassle.
Bandana Preyashi, who is the Industries Secretary, announced that the new industrial policy is in its final stages. She also stated that the Bihar government will set up the special industrial zones in Bihar according to the potential of each area/district. These SIZs will complement the local produce, handicrafts and skills.
Bihar Business Connect 2024 In Brief
The Bihar business Connect Summit was held in December 2024. More than 423 companies participated in this landmark event and the investment amount of around ₹1.81 lakh crores was proposed for special industrial zones in Bihar. The investment was specifically aimed at several sectors such as food processing, renewable energy, infrastructure, pharmaceuticals and so on. This overwhelming response and success of the Bihar Business Connect 2024 is helping in the creation of the SIZs in Bihar.
What Are Special Industrial Zones (SIZs)?
A Special Industrial Zone (SIZ) is a designated area designed in order to help industries grow. These are set up by the government with the main aim of attracting investments and luring new industries to be set up in these areas. These areas feature better roads, better electricity facilities, tax benefits and evasions with easier rules for runing and starting a business. These are a wonderful solution to create jobs and boost the local economy. And with the creation of special industrial zones in Bihar, the government is hoping for the overall economic development.
What special about the special industrial zones in Bihar is that they are not like the conventional industrial parks or SEZs (Special Economic Zones). The SIZs in Bihar will be customised according to a specific product or industry as per the districts’ natural privilege.
“The special industrial zones in Bihar will be well-planned and focused on specific products. We want leverage local strengths to bring in investment and keep industries running successfully.” — Bandana Preyashi
The SIZs will be prioritised and gain additional support for better infrastructure and helpful policies. For example the areas known for toy making will be converted into a manufacture hub to support the local artisans and boost their income.
For instance, the Special industrial zones in Bihar will include :
Toy and plastic manufacturing hubs in Begusarai and West Champaran districts of Bihar.
Pharmaceutical manufacturing hub in Hajipur of Vaishali district.
Other Bihar districts are under review and the detailed development plan will be made after discussions and feedback from local industries.
Major Investment Details
Big players from the private sector are willing to invest in Bihar. The Sun petrochemicals has proposed a major investment of ₹36700 crores in renewable energy sector. And the Adani group will be investing ₹28000 crores for thermal power plants, cement and food processing etc. These private firms will give a major boost to the construction of special industrial zones in Bihar.
Appointment of Nodal Officers for Support
The Bihar government is quite committed in making the special industrial zones in Bihar operational. They have appointed nodal officers who will manage the investment proposals and ensure that the MoUs are quickly worked upon to avoid any delays. Each officer will manage 5 to 10 investment proposals and will be in-charge of handling and helping the investors with land acquisition, getting clearances and investment support. The nodal officers will report directly to the senior authorities about every little detail.
Sector-Wise Investment Breakdown for the SIZs
From the total sum of ₹1.81 lakh crore, different sectors have got their respective shares. We have provided the breakdown of the data in the following table :
| Renewable Energy | ₹90,734 crore |
| Manufacturing Sector | ₹55,888 crore |
| Food Processing | ₹13,663 crore |
| Urban Infrastructure | ₹5,566 crore |
The Future of Bihar’s Industrial Growth
The Bihar government is aiming to implement and see ground level changes within the next 12 months. This will help in creating more jobs and reduce migration to other states and countries. The overall economic situation of Bihar will improve with special industrial zones in Bihar by sustainably strengthening the local market.
Conclusion
The new industrial policy is a complete road map to fully utilise Bihar’s economic potential. Special industrial zones backed with regional strength will help in redefining Bihar’s identity.
The perception of Bihar being a primary agrarian state will change to be that of a industrial hub potentially. We hope for the timely implementation and success of the new industrial policy of the Bihar Government.
The Bihar Business Connect 2024 summit has proved to be a major investment attractor with private sector companies like the Sun Petrochemicals and Adani group willing to invest in Bihar.
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