President's Word

Er Subhash Kumar Patwari, President
Bihar Chamber of Commerce & Industries, Patna

Invest in a Resurgent Bihar

At the onset, I would like to extend my heartiest thanks to the valued members of the Chamber for electing me as the President of the Chamber. I would like to assure my fellow members that I will not leave any stone unturned to perform at par to their expectations. The Bihar Chamber of Commerce & Industries would emerge as a more vibrant organization and will play a pro active role to augment rapid growth of industries and trade in the State.

Friends, Bihar - the ancient land of Lord Buddha, Lord Mahavira, the Great Ashoka has witnessed golden period of Indian History. The famous dynasties of the Magadha and the Mauryas ruled from here. It is the same land where the seeds of the first Republic were sown and which cultivated the first crop of democracy. Guru Govind Singh, the tenth and the last Sikh Guru was born in Bihar. The ancient intellectual teaching and learning of Nalanda and Vikramshila are blessings of land of Bihar. The soil of Bihar has given innumerable intellectuals which spread the light of knowledge and wisdom not only in the country but in the whole world.

Bihar has had many more firsts to its claim. The first steel plant by Tatas was set up here in 1907. The first multipurpose project in independent India was started here in the form of Damodar Valley Corporation in 1948. The Fertilizer Plant at Sindri and the Oil Refinery at Barauni were other additions to this list.

The growth of our State is marching ahead at great pace under the dynamic and charismatic leadership of our Hon’ble Chief Minister Shri Nitish Kumar. There was a need to tap the existing potential of the State and the Government is leaving no stone unturned for proper and optimum level usage of States resources. The Government has already cleared hundreds of investment proposal approved by the State Investment Board. The development vision of the State Government focuses on creation of Industrial Parks, I.T Park, Food Park, Textile Park, Leather Park etc and promotion of technical education and promotion of agro-based and Food Processing Industry, Silk Industry, Leather Industry, establishment of quality Health Care besides making Bihar a tourist hub of the Eastern India.

In Last year’s the Government of Bihar has also brought various promotional polices for industries i.e. Ethanol Production Promotion Policy 2021 to achieve the overall growth and development of green field Industries, Oxygen Production Promotion Policy 2021 to promote, facilitate medical and Industrial Oxygen Manufacturing units in Bihar, Bihar Wood Based Industries Investment Promotion Policy 2021 to encourage and promote wood based industries and artisans of Bihar , Textile & Leather Policy 2022 to achieve the overall growth of new and existing textile and its allied sectors, leather & foot wear industries.

The State also has separate incentive policies for various industrial sectors like Food Processing, Sugar, Tourism and Information Technology, which are aimed to provide necessary boost to these sectors. Bihar Agri Investment Promotion Policy 2020 launched by State Govt. to encourage and promote agribusiness sector in Bihar and focused sectors under the policy Makhana, Fruits and Vegetables, Honey, Medicinal and Aromatic Plants, Maize, Tea, Seeds and these policies are undoubtedly one of the best Industrial policy of the country having unparallel provisions of Industrial Incentives.

To create an economically strong Bihar even much stronger and prosperous than its glorious past and to contribute positively in building a strong nation through development of Trade and Industry is the guiding theme of the Bihar Chamber of Commerce & Industries. The Chamber has always strived hard for the economic development of Bihar.

Bihar Investors Meet-2022 has been organized at the Chief Minister's Secretariat on 29 September 2022. In this program, industrialists were informed about the initiatives being taken by the government for investment in industries. In the program, Chief Minister Nitish Kumar said that all facilities will be provided to promote industries. Infrastructure in Bihar has been repaired. The policy is being made keeping everything in mind. The problems faced in setting up industries will be resolved immediately. Department of Industries, Government of Bihar will be organising a Global Investors' Meet - “Bihar Business Connect 2023 “on 13-14th December 2023. Investors from many countries and states will participate.

Since the “Resurgent Bihar” is rapidly emerging as a favourite destination for trade and investments, hence the Chamber is of the view that time has come for all stake holders to strive hard for establishing close working bonds between the national and international community of traders and entrepreneurs with their counterparts of Bihar.

I, therefore, humbly invite my brethren to come and invest in the rapidly developing Bihar. This would yield very positive & progressive financial results.Come, experience the fragrance of the sacred soil of Bihar. Feel the warmth & affection of the people of Bihar have for you. Share with us the festivities of the sacred festivals – ChathVrat, ShravniMela, Harihar Kshetra Mela, PitriPakch, Budh Purnima, Mahavir Jayanti, Guru Parav and Eid. The Bihar Chamber of Commerce & Industries will feel honoured in extending its all possible assistance and co-operations to ensure best possible results for your investments.