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Best Business Opportunities in Bihar - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship

Wednesday, March 9, 2016

Bihar is a state in eastern India. It is divided into 9 divisions and 37 districts, and has Patna as its capital. It has a very rich history, and is also an attraction for travelers and tourists. Almost 58% of Biharis are below the age of 25, which is the highest proportion in India. Bihar has always been a land of attractive economic opportunities.

The advantageous features of the State are:-

  • Responsive administrative set up
  • Skilled and hardworking labour force
  • Diversified agricultural and industrial base
  • Excellent infrastructure network
  • Investor friendly environment
  • Vast and rapidly expanding consumer markets etc.                                                                                                                                                                                 

Thrust Areas for Investment in which the Entrepreneur can pursue….

1. Food Processing and Agro-based Industries: The economies of Bihar state is highly agrarian in nature, characterized by larger dependence of majority of people on the agriculture sector.

2. Textile Industry (Handloom & Silk): Textile is among the nine sectors or thrust areas which will have separate policies. "There are many areas in Bihar which are known for small-scale textile units.

3. Tourism related Industries: Bihar is one of the oldest inhabited places in the world with a history going back 3000 years. Bihar tourism has taken a commendable step of developing various tourism circuits.

4. Sugarcane Industry: Sugar industry is the largest agro-based industry in Bihar. The industry generates sizeable employment directly in the farm sector and indirectly through ancillary industries and related activities.

5. Leather based Industries: Leather-based industries have vast potential in the state owing to Bihar’s rich cattle population and the high quality of their hides. There are 50,000 footwear artisans in the state.

6. Energy / Non-Conventional Energy: Power is the prime mover of the economy and a critical infrastructure for economic and industrial growth.

Power Generation Plants in Bihar.

Muzaffarpur Thermal Power Station (MTPS)

Koshi Hydel Power Station (KHPS)

Nabinagar Super Thermal Power Plant

Barh Thermal Power Plant

Barauni Thermal Power Station (BTPS)

7. Mines & Minerals Industries: Bihar state is rich in mineral resources. However, there are some mineral widely distributed in the state. It includes Steatite, Pyrites, Quartzite, Crude Mica and Limestone. In some parts of the state extensive quarrying is practiced.

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Source: NPCS Team

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