Investment Climate in Bihar

Investment Climate The state government has been making serious endeavors to improve the investment climate in the state and, for this, it took up various steps including development of infrastructure and the NRI meets in and outside the state. The Confederation of Indian Industries (CII) and Bihar Industries Association (BIA) also extended help to assess the growth potential and the problems facing the industries in Bihar, particularly the MSME sector.   With improved investment climate in the state, the state government created a State Investment Promotion Board (SIPB). It approved as many as 398 project proposals upto October, 2010 with proposed investment of Rs. 1.81 lakh crore and employment potential of 1.55 lakh. As may be seen from Table 3.30, as many as 180 of the proposals are for food processing and 44 for power plants. Of the total 398 proposals, 45 have started working, 104 are at advanced stage and 249 at different stages of implementation involving an investment of Rs. 1102.5 crore so far