Bihar's Bold Industrial Leap: Rs 50 Lakh Crore Ambition

Bihar plans to attract Rs 50 lakh crore in investments over five years to boost industrial development and create jobs. A high-level panel will oversee initiatives like a defence corridor and semiconductor park. Efforts include improving business ease, boosting MSMEs, and enhancing infrastructure.

Bihar is setting a bold economic course, aiming to draw Rs 50 lakh crore in investments within five years to drive industrial growth and employment. Spearheaded by Chief Minister Nitish Kumar, the plan involves a high-level committee to orchestrate a defence corridor, semiconductor facility, and various tech and fintech hubs.

Key to this ambitious target is improving the business climate and strengthening the state's industrial framework. The plan includes five mega food parks, logistics enhancements, 10 industrial parks, and 100 MSME parks. The initiative also aims to skill seven lakh people, promote local product exports, and attract global investors through targeted conferences.

Bihar's industrial landscape has transformed, with industrial units rising to 3,500 and exports soaring to Rs 17,000 crore. Efforts are also underway to foster startups and new-age sectors, with a focus on sustainability and employment for local youth. Infrastructure readiness, including transportation and power supply, underpins these ambitions.

(With inputs from agencies.)