Bihar to establish special industrial zones following Rs 1.81 lakh crore investment proposals

The Bihar government is ready to establish special industrial areas across the state, taking high rides on the success Bihar Business Connect 2024 The summit, where investment proposals of Rs 1.81 lakh crore were received. According to the industry secretary Bandana Prashi, these areas will be developed strategically under the state’s upcoming industrial policy, which is currently in its final stages of preparation.
Talking to PTI, Prayashi said that the new industrial areas would suit each district’s strengths and resources. “The government will establish special industrial areas under the state’s new industrial policy, in almost all districts of the state, keeping in mind the capacity of an area,” he said. These region will focus on the specific agricultural produce, existing handicraft industries and availability of labor.
Highlighting the targeted approach, he said that the zone has been planned to manufacture toy and plastic products in Begusarai and West Champaran, while Hajipur in Vaidily district is considered to be for a dedicated pharmaceutical manufacturing hub.
“Special industrial areas will be more comprehensive and product-specific. We want to take advantage of local powers to attract and maintain investment,” said Prakashi.
The announcement follows the positive investor response to the Bihar Business Connect 2024 summit held in December. In the incident, Memorandums of Understanding (MUS) was signed with 423 companies, which covered several types of areas.
“Bihar, led by Chief Minister Nitish Kumar, is ready to play a very important role as the development engine of the country,” said Prayashi. “The government is committed to ensuring the conversion of MOU in real investment on land within a year.”
To facilitate this, the state has appointed a nodal officer for every five to ten mousse every five to ten mousse. These officers are providing round-the-clock support to investors, including help in land acquisition and regulatory approval. The progress of each proposal is being regularly monitored.
Major investment commitments include Rs 36,700 crore by Sun Petrochemicals for renewable energy projects and Rs 28,000 crore by Adani Group for Thermal Power Plant, Cement Construction, Food Processing and expansion in logistics.
The renewable energy sector attracted the highest number of investment proposals, a total of Rs 90,734 crore. General Manufacturing received 57 proposals worth Rs 55,888 crore, while in the food processing sector there were Rs 13,663 crore in 70 proposals. Additionally, 142 mOU was signed with a proposed investment of Rs 5,566 crore in place of urban infrastructure.
The government hopes that the upcoming industrial policy will pave the way for structured and region-specific development, transforming Bihar into a center of industrial activity.