Cool Bihari: Winds of Change

Some positive news are now been flashed from Bihar on various plans to invite NRI investments and initiate some development projects in the state. Media reports suggest that the new govt. is trying hard and has come with few proposals to attract the wealth and concern of NRI's for helping the cause of State infrastructure development.

According to the Economic Times “A high-level delegation is scheduled to showcase Bihar as an investment destination at the annual convention of the Indian Diaspora or Pravasi Bharatiya Divas to be held at Hyderabad Jan 7-9. Chief Minister Nitish Kumar is likely to lead the delegation. We have decided to woo NRI investors and both of us may make it to the meet,"said Modi. "We will make a powerful presentation (at the NRI meet). "There will be a single window clearance system for NRIs to set up industries or businesses here," a senior official said.

Here’s a Business Standard Report which talks about a new TV ad campaign from the Bihar Govt.

A new television commercial extolling the virtues of Bihar as an investment destination has hit the air. The first-of-its-kind commercial has aroused curiosity among the Indian advertising fraternity and investors alike.“The commercial was a pleasant surprise for me as it is for the first time that the state is consciously trying to advertise itself as an investment destination. However, the way that the campaign has been presented is very tacky,” Anand Narasimhan, executive vice-president, Saatchi & Saatchi, said.

The campaign aims to persuade non-resident Indians (NRIs) to invest in Bihar. Comments ranging from tacky to refreshing are doing the rounds. The commercial is a part of the campaign, titled “Bihar Calling”, which targets non-resident Indians. The Directorate of Advertising and Visual Publicity (DAVP) has done the creative work for the campaign.The commercial opens with the words: ''Bihar is on the move. Come Invest.''

The next shot shows the growth of varied sectors such as infrastructure, power, roads and agriculture.In the next frame, Bihar Chief Minister Nitish Kumar dressed in white appears against a white backdrop and says, “We have planted the seed of security. Come nurture it. Give something back to your roots.”' The new government had been sworn in a month ago.

Another Report specifies the plethora of new investment benefit the govt. is going to offer for NRI investment in education.If you want to open an educational institute, the government is ready to meet 50 per cent of the investor's expenses on purchase of land and waive even 50 percent of the stamp duty on registration of the land.

It will ensure power connection within 45 days. The government has come out with attractive incentives in respect of three major hospitals which are open for investment.

Similar incentives have been offered for investments in other sectors like tourism, power, road, information technology and agro-industries. The state government is making all-out efforts to lure the NRIs attending the Hyderabad conference to invest in Bihar.”

Another report about Bihar calling on BBC.Read here

So finally it appears that we are going to see a wind of change in our State. Let’s just pray and hope the plan’s are implemented on ground and some real time action happens.

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