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Bihar offers sops for Punjab investors

Jan 15, 2018
Bihar offers sops for Punjab investors

To provide enough business opportunities, the Bihar Government is making all-out efforts to attract the investors from Punjab, especially those dealing in textiles, apparel, dyeing industry from Ludhiana. The Bihar government is offering huge incentives, better infrastructure to the industrialists to set up manufacturing units in Bihar.

A delegation of exporters, the industrialists dealing in textile/ apparel industry, dyeing industry is on a tour to the State. The delegation members, including president of Knitwear and Apparel Exporters Organisers’, Harish K Dua, had a meeting with the Principal Secretary, Department of Industry—S Sidhartha—and Bihar Industrial Development Authority Managing Director—RS Srivastva—and with other senior officials. While the Bihar government wants to provide job opportunities to its population, the industrialists from Ludhiana said they were offered good infrastructure, reasonable power tariff, enough labour and subsidies which were the basics for any industry to flourish.

According to sources in Bihar, “The State is ready to provide power up to Rs 5 per unit. Not just that, the Bihar government has offered to set up common effluent treatment plants and sewerage treatment plant. One has to provide just the maintenance cost, once they are installed. Besides, fire station, hospital, schools - whichever facilities are viable, will be provided.”

The Punjab Government has still not formulated any policy but a delegation will soon meet higher-ups in Punjab for further expansions, if state government showed eagerness. If the Bihar government is successful in luring industrialists from Punjab, it will be able to generate employment to approximately 20,000 population (textile workers). These knitwear and apparel manufacturers cater to a large number of brands and retail companies such as Spencer’’s Retail, Walmart, GAP and designers in France, Germany, US and other developed countries.