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Cool Bihari: Investment potential in Bihar

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Investment potential in Bihar

Investment climate in Bihar has been improving over the last few years and more and more investors are showing keen interest in exploring the diverse investment and development opportunities in Bihar. In the last few days few big investors like Reliance, Tata, Bharti and other private and public bodies are exploring diverse options of investment.

Reliance Industries, Tata Chemicals, Bharti Enterprises’ Fieldfresh and Indian Oil are among several large companies that have evinced interest in leasing closed sugar mills that the Bihar government is offering, mainly to exploit opportunities to make ethanol to meet mandatory petrol blending norms that were introduced this year.

Last month, the Bihar government decided to offer 15 closed mills belonging to the Bihar State Sugar Corporation on a long-term lease of 60 years, extendable by 30 years, on the recommendation of SBI Capital Markets.

Bharat Petroleum, Hindustan Petroleum, Renuka Sugars, Upper Ganges Sugar, Dhampur Sugar and India Glycols, which have acquired the Request for Qualification (RFQ) forms from the Bihar government.

A delegation of Manitoba, the western province of Canada, led by its deputy premier-cum-minister of agriculture, food and rural initiatives, Rosann Wowchuk, called on the chief minister, Nitish Kumar.The Canadian delegate showed its willingness to enter into collaboration with Bihar and expressed interest in reviving agriculture and marketing activities here.

The team comprises top-level executives from Candian agro-based organizations, including the International Grains Institute, Wheat Board, and the researchers of Manitoba University. The chief minister appreciated and promised full cooperation to the delegation.

Bihar’s CM Nitish Kumar also laid the foundation stone of a medical college at Bettiah, the headquarters of West Champaran, thereby fulfilling the dream of the last queen of Bettiah Raj, Maharani Janaki Kunwar. He laid the foundation stone of the first of the four medical colleges promised by his government at the Maharaja Harendra Kishore stadium, Bettiah, amidst great rejoicing. He said the construction work on the badly-needed college would start at the earliest possible, adding a polytechnic institute would also be established here.

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