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Bihar

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Bihar

January, 2011

Covering an area of 94,163 sq km, Bihar is located in the eastern part of India. The economy of the state has grown at around 16.7 percent from 2005-06 to 2009-10.The state provides investment opportunities in sectors such as agro-based industry, food processing, sugar, power, leather, manufacturing and tourism. The state offers a wide range of policy incentives for businesses under the Industrial Policy, 2006. The state also provides incentives for the sugar, renewable energy, food processing and the tourism sectors.

The natural resources and policy incentives support agro-based sector. Agro-based industry and petroleum products (primarily, Barauni oil refinery) account for around 85 per cent of the total industrial output in the state. There are 272 large and medium industries, a majority of which are located in Patna. Tirhut is the other major industrial centre.

The Bihar Industrial Area Development Authority (BIADA) is responsible for promoting and assisting the rapid development of industries in the industrial areas and estates.

BIADA is developing industrial growth centres across the state, which will have the infrastructure to promote industries in sectors such as agro-processing, light engineering, electronics, repairs and servicing and garments.

The other projects planned by BIADA are as follows:

  • BIADA has proposed acquisition of 1,900 acres of land for BihtaMega Industrial Park which will have prestigious educational institutes such as Indian Institute of Technology (IIT) and National Institute of Technology (NIT).
  • BIADA has allotted 150 acres of land for textile park and 25 acres of land for handloom park at mega growth centre at Kahalgaon.
  • BIADA will also allot land to Indian Oil Corporation Limited (IOCL) for its proposed petrochemical complex at Begusarai.
  • BIADA is building separate feeder lines for uninterrupted electric supply in the selected industrial areas of Patna, Fatuah, Hajipur, Muzaffarpur, Gidha, Barari and Maranga.
State Presentation (November 2010)

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