Bihar Government To Host Two-Day Global Investors Summit To Transform Industrial Landscape
The Bihar government is set to host a two-day global investors summit starting today in the state capital. The summit, scheduled for December 13 and 14, aims to showcase the immense potential Bihar holds for industrial development and will bring together representatives from around 600 companies, both from India and abroad.
Addressing reporters ahead of the summit, Bihar Industries Minister Samir Kumar Mahaseth emphasised the need to promote industries in the state. "The return of migrant workers during the Covid-19 pandemic highlighted the importance of industrial development for job creation. Chief Minister Nitish Kumar and Deputy Chief Minister Tejashwi Prasad Yadav have instructed us to prioritise this aspect," said Mahaseth.
The initiative, spearheaded by Chief Minister Nitish Kumar and Deputy Chief Minister Tejashwi Prasad Yadav, comes in response to the challenges posed by the Covid-19 pandemic. The large-scale return of migrant workers to Bihar during the pandemic served as a catalyst for rethinking economic strategies. The summit is a key component of the government's plan to refocus efforts on industrial development, creating job opportunities, and fostering economic resilience.
Highlighting the current status of industries in Bihar, Mahaseth acknowledged that the state has lagged behind but expressed optimism about its potential for growth if provided with the right opportunities and support.
The global investors summit will serve as a platform for companies to explore potential business opportunities in Bihar, examine the facilities provided by the government, and assess the ground-level situation. The event is expected to witness participation from a diverse range of industries, including manufacturing, technology, agriculture, and infrastructure.
The Bihar government, through this summit, aims to attract investments in strategic sectors that align with the state's strengths and growth prospects. Focus areas include infrastructure development, agribusiness, information technology, renewable energy, and manufacturing.
To make Bihar an attractive destination for investors, the government is likely to unveil a package of incentives and support measures during the summit. These may include tax breaks, streamlined regulatory processes, and infrastructure support to facilitate the ease of doing business in the state.
