To entice additional investors, the state government plans to implement three new policies: the Bihar Textile and Leather Policy 2021, the Bihar Logistics Policy 2021, and the Bihar Pharma Policy 2021.
Syed Shahnawaz Hussain, Minister of Industry, stated that the framework for the new policies was nearing completion. He stated that the new policies will be given to Chief Minister Nitish Kumar for approval soon. Previously, the state implemented the Oxygen Production Promotion and Ethanol Production Promotion Policies.
In the previous six months, Bihar has received 450 investment offers totaling Rs 33,973 million. According to Shahnawaz, Bihar was the first state to implement an ethanol-related policy, and other governments were following suit. He also mentioned the ‘Udyog Samwad Portal,’ which was created as a one-stop platform for investors.
