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Nitish guarantees security to investors in Bihar

Last Updated: Friday, April 5, 2013 - 15:38

Patna: With the law and order situation always being a matter of concern to the investors, Chief Minister Nitish Kumar on Friday guaranteed security to those interested in setting up industrial units in Bihar.

"I guarantee security to the investors and promise that nobody will harass them," he said at an Investors` meet here.

"The law and order situation is peaceful in Bihar....You are rest assured about your security and safety of your capital," Kumar, said.

Setting the agenda and area of industrial activities for the potential investors, Kumar said there was huge potential in agriculture, food processing, tourism sectors for investment.

The agriculture, food processing and tourism sectors are the "core components" of the industrial activities in Bihar, and investors have virtually an open field as there are no competition and whosoever comes first will reap immense benefits," he said.

The chief minister said that the state government has framed policies for the promotion of all industrial sectors and set up the State Investment Promotion Board (SIPB) and Single Window Clearance System to expedite clearance of investment proposals.

Stating that he himself holds an investors panchayat at his official residence on every fifth Monday to hear problems of the investors, the chief minister said policies have been framed for the township development, use of biomass for energy and investment in education and hospitality sectors by the industrialists.

On land scarcity, the chief minister said the government has started work to ensure land availability under the framework of the private industrial estate and will be given shape soon.

Conceding that land acquisition was a problem in Bihar as the population density was high and most of the farm land fertile, Kumar said under the circumstances, it will be appropriate for the investors to acquire land directly from the farmers instead of engaging middlemen.

At the same time, Bihar has other required materials for industrial activities like availability of market, labour, water and road infrastructure, Kumar said.

Exuding confidence about industrial activities taking off in Bihar in years to come, he said that the signs were there for all to see as investments have gone up in education, hospitality and leather products in several parts of the state.

As many as 31 investors with specialisation in food processing, refinery, health, education, aviation, energy, cement, hospitality and IT services are taking part in the meet here.


First Published: Friday, April 5, 2013 - 15:38

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