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Covering an area of 94,163 sq km, Bihar is located in the eastern part of India. The economy of the state has grown at around 15.2 percent from 2005-06 to 2008-09.The state provides investment opportunities in sectors such as agro-based industry, food processing, sugar, power, leather, manufacturing and tourism. The state offers a wide range of policy incentives for businesses under the Industrial Policy, 2006. The state also provides incentives for the sugar, renewable energy, food processing and the tourism sectors.
The natural resources and policy incentives support agro-based sector, which accounts for around 50 per cent of large-and medium-scale industries in terms of gross value added. There are 263 large and medium industries, a majority of which are located in Patna. Tirhut is the other major industrial centre.
The Bihar Industrial Area Development Authority (BIADA) is responsible for promoting and assisting the rapid development of industries in the industrial areas and estates.
BIADA is developing industrial growth centres across the state, which will have the infrastructure to promote industries in sectors such as agro-processing, light engineering, electronics, repairs and servicing and garments.
The other projects planned by BIADA are as follows:
- Establishment of food park at Begusarai (100 acres) and Hazipur (100 acres). Establishment of mega industrial park at Bihta (100 acres) and Hazipur (100 acres).
- Implementation of District Rural Industries Project in six districts.
- Construction of an integrated textile park.
State Presentation (April 2010)
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