Cool Bihari

Saturday, February 09, 2008

Bihar's new Brand Ambassador

What appeared to be a herculean task few years back is now translating into reality on ground. Bihar’s effort to revive its glory and pride is on fast track with all around development in the areas of education, scientific development ,industrial growth, private and public sector investment.

The Planning Commission recently approved a plan outlay of Rs.13,000 crore for Bihar for 2008-09, which includes additional Central assistance of Rs.100 crore for “projects of special importance” to the State. It was also agreed that on the basis of mid-year performance and absorptive capacities, an additional outlay of Rs.500 crore, in the special package of assistance based on performance, can be included in the Annual Plan for the year 2008-09, taking this to an effective plan size of Rs.13,500 crore.

Planning Commission Deputy Chairman Montek Singh Ahluwalia complimented the Bihar Government on the major initiatives taken towards administrative reforms, decentralisation and simplification of procedures, delegation of powers and also focused attention towards implementation of flagship programmes launched by the Central Government, which has lead to acceleration in plan expenditure.

The state is also getting favourable support from the private players and big business houses have shown great interest in promoting investments in Bihar. Confederation of Indian Industry (CII) president and telecom major Bharti chief Sunil Mittal and Bihar CM Nitish Kumar have identified agriculture and tourism as key sectors for private investment in the state.

"I can say that Bihar is the best place for agriculture and horticulture based industries, there is plenty of potential for investment in this sector," Mittal stated.Mittal, leading a high-powered CII delegation of Eastern India at an interactive session with Chief Minister Nitish Kumar, added that investments in agriculture and horticulture could change the face of the state.He hinted that his group plans to make substantial investment in the food processing and agro-based industries as both have huge growth potential in the state.
"Bihar is a place waiting to happen and from now on I am going to work as the brand ambassador of the state to encourage other industrialists to come and invest in Bihar," Mittal said while describing the changes in Bihar as 'miraculous'

The education system in the state is also seeing marked changes in the prospects as more and more companies are visiting the campuses to hire fresh graduates.NIT Patna has been able to ensure more than 100 per cent placement for its students this year. Each student has been selected for more than one job. NIT director U C Ray said that as many as 26 pre-final year students have been selected for jobs by different multi-national companies. Last year, only 80 per cent students could be provided suitable jobs.

Labels: Agri Business, Annual Plan, Bihar 2.0, Bihar Economic Development, Bihar Finance, Brand Bihar, Campus recruitment in Patna University, Education in Bihar, Sunil Mittal

Posted by Ajit Chouhan at 10:59 AM | Permalink | Comments

Thursday, February 15, 2007

Bihar annual plan size increased

The Planning Commission has approved a Plan size of Rs 10,200 crore for the State for the next financial year. This is the second year in a row that Bihar's approved annual Plan has been bigger than what had been proposed. It shows an increase of 23.63 per cent over the last Plan (which was of Rs 8250 crore) and roughly 220 per cent of the annual Plan size for 2005-06.

The approval came during Chief Minister Nitish Kumar's meeting with Planning Commission Deputy Chairman Montek Singh Ahluwalia in New Delhi.

Expressing happiness over the allocation, Nitish said, "Development in Bihar is taking place at a fast pace. If we continue to get the Centre's support, we will soon be able to improve and strengthen basic facilities such as power, roads, water, education, and law and order. The budget proposals focus on infrastructure, flood control, irrigation, roads and power."

The Chief Minister added that the "State would be spending Rs 2399 crore on roads and transport, Rs 816 crore on education, Rs 962 crore on rural development and Rs 851 crore on power."

Labels: Annual Plan, Planning Commission

Posted by Ajit Chouhan at 11:15 PM | Permalink | Comments

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