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Policy Booster for Industrial Development of Bihar

Outlook Business

|

March 2024

With its investor-friendly policies, the Nitish Kumar government has underlined Bihar's new identity as the Land of Industry’, which is widely known for its industrious people and hardworking labour force.

Policy Booster for Industrial Development of Bihar

Bihar is known all over the world as the land of Gautam Buddha, Bhagwan Mahavir and Guru Gobind Singh. It has also been the land of famous emperors and scholars like Chandragupta Maurya and Chanakya. Due to its glorious past, the state has earned the moniker of ‘the land of history’. Under the Nitish Kumar government, it has now earned a new identity as the ‘Land of Industry’, which is also widely known for its industrious people and hardworking labour force.

As is evident from history, Bihar had a robust industrial structure from the Maurya period to the mediaeval times. The metal industry of the Magadh region and the silk of Bhagalpur were famous all over the world for their quality and craftsmanship in their time. Given this rich heritage, the state government has been working to create an ecosystem that will not only attract large-scale industries but also pave the way for industry connectivity to every household. The state government has created many new incentives for setting up large-scale industries. These steps will help create a new environment for industry that will encourage large companies to come and invest in the state.

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