Business Opportunity in Bihar
Patna and adjoining areas has great potential in Finance, Trade & Commerce, Entertainment & Media, Tourism, Dairy Technology, IT and R&D Companies where Patna can be the best choice of investors. Patna can be the city of education and higher learning along with center for R&D. NRIs and business community may think about establishing R&D centers in the field of embedded technology, nanotechnology, Bio technology and physical sciences where Bihar has great achievers.
Recently Dept of Science & Technology has revived its Technical education policy and made rule for private partnership program (PPP) under which govt can give full support to any who wants to invest in Bihar in terms of space, Bank loans and mutual partnership with govt. This is the best time to grab this opportunity. In Dairy Technology, Patna and Muzaffarpur have shown its potential and this is the only industries in Bihar which has excellent track record in terms of profits. NRIs can invest in diaries industries in Bihar.
B. Vaishali & Muzaffarpur bound areas: Hajipur can be the good place for Tourism (Vaishali), Manufacturing Industries, and food processing industries because of nearness from the state capital and open space for the big industries.
In fruits exports (Litchi, Mango and Banana), both city can be developed as center and there are large possibility of opening export –import company in this area where investment from private sector is required.
NRIs and Business man can try for the possibility of these industries in this region of Bihar
C. Sitamarhi & Raxaul: Sitamarhi can be the best destination for tourism and can attract Hindu religious people as it is the birth place of Hindu Goddess Sita. The govt and private agencies should come forward to develop this city and bound areas. This district is also good in Sugar Industry. Riga Sugar Factory, near Sitamarhi is well known which should be given more importance and revived by govt. Other non govt agencies should come for the investment in sugar industries in this district. In Litchi production, Sitamarhi is second best after Muzaffarpur. Raxaul can be developed for the international trade with India and Nepal.
D. Darbhanga: This region can be developed as good place for floriculture and horticulture. Pan, Makhan and Machhali (fish) are three important things for the people in Mithila region. People of whole Mithila are known for their brilliancies since ancient times. As whole Darbhanga, Madhubani, Saharsha and Supaul has large no of ponds, fishery industries can be developed. There is immediate need of Establishment of Fishery Research Institute at Darbhanga.
F. Samastipur: This dist is famous for Famous for Khaini (Tambaku) production and Wheat. This needs to be more advertised as it is cash crops. The establishment of sugar industry in this dist will be good option for the investors.
G. Bhagalpur Region: Bhagalpur has great potential in Silk Industry, Textile, Handloom & Handicraft, Gems & Jewelry, and Furniture & Artifacts etc. This city should be popularized and advertised as “Silk city of India” .This region is also be developed for tourism as same as Nalanda. Vikramshila can be the good spot for the tourist.
H. Begusarai: Begusarai district in known for the industries in the field of petroleum, chemical, petrochemical integrate complex including upstream & downstream industry. Presently only govt has its own industry in this field but this dist needs more investment by private sector.
I. Purnia and Katihar Region: This dist is good in agro based industry like Jute, Leather and allied products, animal products, fisheries, poultry. The entrepreneurship can be developed in the youths of this district so 38 as they can earn huge amount of Money from this sector.
J. Munger Region: can be developed Electrical & Mechanical Hardware Industry,and Heavy Industry etc.
K. Gaya, Nalanda & all Budhist Cicuit Regions: No need to say much about this Buddhist circuit. Because of internal terrorism this dist has got bad name. Because of tourist attraction, there are plenty of opportunities in hotel industry in Gaya, Rajgir, Pawauri, Nalanda, Patna, Fatuha where much money can be earned from the foreigners. Nalanda will be center for world tourism particularly after revival of Nalanda University which is on full swing.
L. Bhojpur Region: Bhojpur Region of Bihar can be developed as the center agriculture if govt pays attention; this has potential to produce wheat and paddy as Punjab and Haryana produces. In the above mentioned district wise investment opportunities is based on my personal experience and after talking to many business and educated communities of Bihar. In a nutshell, we can say that Bihar has enormous opportunities in Higher education & Research, Tourism and hotel industry at Tourist spots, Agro-based industries and their export-import units, Food processing units’ etc where Bihar can give model to the nation in building strong India and developed nation by 2020.