BUYER SELLER MEETS
CM Nitish Kumar inaugurated Destination Bihar Expo 2013 here on 12 March 2013. Organized under the aegis of Bihar Industries Association (BIA), it has around 90 stalls put up by different enterprises. Its theme is 'Showcasing Bihar'. The six-day expo focuses on both private and public industries working in the state.
On this occasion, Nitish said that Bihar's entrepreneurs have the
enthusiasm and capability to excel and the existing industries have the
potential to grow, but "the need of the hour is more private investment
from investors outside Bihar and more employment generating schemes",
which can take place only with special category status to Bihar.
He said if special category status is granted, the state government
would have to invest only 10% of the money in centrally-sponsored
schemes, saving around Rs 4000 crore to Rs 7000 crore, which could be
invested in other schemes. He also stated the state has adopted policies
favourable to industrial growth as every fifth Monday of any month an
'udyami panchayat' would be organized.
Deputy CM Sushil Kumar Modi,
who was the chief guest, stressed the role of banks in the growth of
industrial sector. "In the year 2011-2012, for small and medium scale
industries in the state, Rs 2108 crore was given as loan, which rose to
Rs 3172 crore by the end of December 2012," he said.
At the
expo, live demonstrations of mini rice mill, power generation and
plastic manufacturing are being held, which are the real show stealers.
Besides, private units such as Asian Ply Industries Private Limited of
Hajipur, Shivshakti Agro, which makes cattlefeed, and Patna-based S S
Foam Industries Private Limited manufacturing coir mattresses have put
up their stalls.
Source:TNN
Source:TNN
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