Fastest growing state in India At 11.95 per cent, Bihar s growth was the highest among all Indian states during the 11 th Five Year Plan Fastest per capita income growth Bihar has also topped in per capita income growth, registering a growth of 11.75 per cent in per capita net state domestic product at constant (2004 05) prices for fiscal 2011 12 Leader in the production of fruits and vegetables Bihar is the largest producer of vegetables and the second largest producer of fruits in India Strong agriculture sector Bihar is one of the strongest agricultural states, with very high productivity. The percentage of population employed in agricultural production in Bihar is estimated to be 74 per cent, which is much higher than the national average. Fifth largest mobile subscriber base With 58.3 million mobile subscribers in September 2013, Bihar has the fifth largest subscriber base among Indian states
FY 2000-10 3.0 per cent share in India's incremental GDP High economic growth with Growing demand flourishing industries The economy of the state has grown at around 11.95 per cent during the 11 th five year plan. Food processing, dairy, sugar, manufacturing and health sectors are some of the fast growing industries in the state. Bihar has also taken several initiatives for the development of other sectors such as education and tourism. Rich labour pool The state has a large base of costeffective industrial labour, making it an ideal destination for a wide range of industries. The state has institutes of national importance such as National Institute of Technology and Indian Institute of Technology, which provide skilled manpower to the industries. Advantage Bihar Policy incentives The state offers a wide range of policy incentives for businesses under the Industrial Incentive Policy, 2011. The state also provides specific incentives for the information technology, renewable energy, sugar, food processing and tourism. Location advantage The engineering sector is delicensed; The 100 per state cent enjoys FDI is a unique allowed locationspecific sector advantage because of its in the proximity to the vast markets of eastern and Due northern to policy India, support, as well there as was access to ports such as Kolkata & Haldia, and to raw cumulative material FDI sources of USD14.0 and mineral billion into reserves the sector from over the April neighboring 2000 February states. 2012, making up 8.6 per cent of total FDI into the country in that period FY 2011-20 4.2 per cent share in India's incremental GDP
The most commonly-spoken languages in the state are Hindi, English, Urdu and Bhojpuri. The four agro-climatic seasons and fertile soil of Bihar support cultivation of a wide range of crops. Parameters Capital Bihar Patna Geographical area (sq km) 94,163 Source: Maps of India Bihar is located in the eastern part of India. The state is surrounded by Nepal in the north, West Bengal in the east, Uttar Pradesh in the west and Jharkhand in the south. The state has a number of rivers; the most important of which is the Ganges. Patna, Gaya, Bhagalpur, Muzaffarpur and Darbhanga are some of the key cities in the state of Bihar. Administrative districts (No) 38 Population density (persons per sq km)* 1,102 Total population (million)* 103 Male population (million)* 54 Female population (million)* 49 Sex ratio (females per 1,000 males)* 916 Literacy rate (%)* 63.8 Sources: Government of Bihar website, *Provisional data - www.gov.bih.nic.in Census 2011
Parameter Bihar All-States Source Economy GSDP as a percentage of all states GSDP 3.3 100 Average GSDP growth rate (%)* 18.8 15.6 Per capita GSDP (US$) 521.4 1,414.2 Physical infrastructure Installed power capacity (MW) 1,868.1 227,356.73 Wireless subscribers (No) 58,321,739 870,582,006 Broadband subscribers (No) 97,603** 15,050,000 National Highway length (km) 3,734 79,116 Planning Commission Databook, October 2013, current prices Planning Commission Databook, October 2013, current prices Planning Commission Databook, October 2013, current prices Central Electricity Authority, as of August 2013 Telecom Regulatory Authority of India, as of September 2013 Ministry of Communications & Information Technology, as of March 2013 Ministry of Road Transport & Highways, as of March 2013 Airports (No) 2 133 Airports Authority of India *Calculated in Indian rupee terms, **In 2011 12
Parameter Bihar All-States Source Social indicators Literacy rate (%) 63.8 74.0 Provisional data Census 2011 Birth rate (per 1,000 population) 27.7 21.6 Investment SRS Bulletin (www.censusindia.gov.in), October 2013 Outstanding investments (US$ billion) 52.5 2,658.2 CMIE (2012-13) Industrial infrastructure PPP projects (No) 18 881 www.pppindiadatabase.com PPP: Public-Private Partnership, SRS: Sample Registration System
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 In 2012 13, the GSDP of Bihar at current prices was US$ 56.8 billion. Bihar s GSDP grew at a CAGR of 18.8* per cent between 2004 05 and 2012 13. Bihar s GSDP at current prices (in US$ billion) 17.3 18.6 22.2 CAGR 18.8%* 28.3 31.0 34.4 44.9 51.5 56.8 Source: Planning Commission Databook October 2013, *CAGR calculated in rupee terms Note: GSDP Gross State Domestic Product, CAGR Compound Annual Growth Rate
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 In 2012 13, the NSDP of Bihar was US$ 52.0 billion. Bihar s NSDP at current prices (in US$ billion) The average NSDP growth rate between 2004-05 and 2012 13 was about 19.0* per cent. CAGR 19.0%* 41.0 47.0 52.0 25.6 28.2 31.2 15.6 16.7 20.2 Source: Planning Commission Databook October 2013, *CAGR calculated in rupee terms Note: NSDP Net State Domestic Product, CAGR Compound Annual Growth Rate
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Bihar s per capita GSDP increased from US$ 195.2 in 2004-05 to US$ 569.5 in 2012 13. Per capita GSDP (US$) The per capita GSDP increased at a CAGR of 17.1* per cent between 2004 05 and 2012 13. CAGR 17.1%* 462 523 570 195 207 243 304 328 359 Source: Planning Commission Databook October 2013, *CAGR calculated in rupee terms
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Bihar s per capita NSDP increased from US$ 176.1 in 2004-05 to US$ 521.4 in 2012-13. Per capita NSDP (US$) A robust secondary and tertiary sector has helped Bihar to increase its average per capita NSDP at a CAGR of around 17.3* per cent between 2004-05 and 2012-13. 176.1 185.7 220.1 CAGR 17.3%* 274.6 299.0 326.0 421.4 477.5 521.4 Source: Planning Commission Databook October 2013, *CAGR calculated in rupee terms
At US$ 31.6 billion, the tertiary sector contributed 55.6 per cent to the GSDP (at current prices) in 2012-13, followed by the primary sector, contributing US$ 14.0 billion (24.8 per cent), and the secondary sector contributing US$ 11.2 billion (19.6 per cent). Between 2004-05 and 2012-13, the secondary sector was the fastest growing sector with a CAGR of 29.0 per cent, followed by the tertiary sector, with a CAGR of 23.6 per cent. This growth has been supported by the manufacturing, electricity, gas & water supply, construction and services. The primary sector grew at a CAGR of 19.6 per cent between 2004-05 and 2012-13. Percentage distribution of GSDP CAGR* 54.7 23.6% 55.6 13.7 29.0% 19.6 31.6 19.6% 24.8 2004-05 2012-13 Primary Secondary Tertiary Source: CMIE *CAGR calculated in rupee terms
In 2011-12*, the total food grain production was estimated at 17.2 million tonnes. Major crops produced in the state include sugarcane, rice, wheat, maize and potato. In 2011-12*, total production of sugarcane, rice and wheat was estimated at 11.2 million tonnes, 8.1 million tonnes and 6.5 million tonnes respectively. Bihar is one of the leading producers of fruits and vegetables in the country. In 2011 12, total production of fruits in Bihar was 3.9 million tonnes and total production of major vegetables was 15.5 million tonnes. Crop Annual production 2011-12* ( 000 tonnes) Sugarcane 11,288.6 Rice 8187.6 Wheat 6531.0 Potato 6101.7 Maize 2486.2 Jute 1490.7** Mesta 248.1** Onion 1236.8 Rapeseed and mustard 127.9 Gram 76.8 Sunflower seed 22.9 Total pulses 519.9 Total oil seeds 174.5 Source: Economic Survey of Bihar, 2012-13 *Revised numbers for 2011-12 ** 000 bales of 180 kgs each
In 2012 13, total outstanding investments in Bihar were US$ 52.5 billion. The electricity sector accounted for the largest share of outstanding investments of around 70.04 per cent, followed by the services sector at 21.3 per cent and the manufacturing sector at 7.0 per cent. Between April 2008 and September 2012, 939 investment proposals with a total investment of more than US$ 58.85 billion, were approved by the SIPB. Of the total proposals approved, 93 have started operation and the remaining are at different stages of implementation. In 2012 13 (up to September 2012), SIPB has approved 215 proposals that are expected to strengthen the base of medium scale industries in the state. Break up of outstanding investments by sector (2012-13) Note: SIPB - State Investment Promotion Board 21.3% 4.3% 4.3% Electricity Services Year No of proposals approved by SIPB 2008-09 173 2009-10 127 2010-11 161 70.0% Manufacturing Others 2011-12 263 2012-13* 215 Source: CMIE, gov.bih.nic.in, * Till September 2012
According to the State Plan of the Road Construction Department of the state, the budgeted outlay for roads and highways is US$ 795.5 million for 2012-13. As of September 2012, the total road length in the state was 140,219.97 km as compared to 112,733.58 km in September 2011. Source: Maps of India There is 3,734 km of national highways and 4,857 km of state highways in Bihar. Besides, there are 9,030 km major district roads in the state. Type of road Length (km) as of September 2012 National Highways 3,734 State Highways 4,857 Major District Roads 9,030 Rural Roads* 122,598 The East-West corridor (a four-lane high-speed corridor) and the Golden Quadrilateral road pass through Bihar. The state government aims to provide road infrastructure in Bihar that s equivalent to the best in the country by 2015. Sources: Economic Survey of Bihar, 2012-13, Ministry of Road Transport & Highways. *Includes Other district roads
Bihar had an extensive railway network of 3,612 km, as of March 2011. Hajipur in Bihar is the headquarter of the East-Central Railway. The state s main railway junctions are at Patna, Gaya, Muzaffarpur, Katihar and Samastipur. In the 2011-12 Railway Budget, the state has been given two major projects; an electric locomotive factory at Madhepura (estimated cost of US$ 355 million) and a diesel locomotive factory at Marhaura in Saran district (estimated cost of US$ 372 million) on a public-private partnership (PPP) basis. Several link-lines, such as Muzaffarpur-Samastipur- Barauni-Katihar and Muzaffarpur-Chapra-Siwan, have been converted to broad gauge from metre gauge. The work on the railways wheel factory at Belapur in Chhapra has been completed at an estimated cost of US$ 258 million and awaits official inauguration. The trial production was done in March 2012. Leveraging on the latest US-based Griffin technology, the factory has the capacity to produce about 100,000 wheels of goods wagons, passenger coaches and locomotives per year. Source: Maps of India Source: http://indianrailways.gov.in, iindiatimes.com.
The airport in Bodh Gaya is used for international connectivity with Bangkok (Thailand), Colombo (Sri Lanka), Yangon (Myanmar), Dhaka (Bangladesh), Paro (Bhutan) and Kuala Lumpur (Malaysia). Airlines and number of flights (Patna Airport) Domestic airport International airport Source: Maps of India Bihar has one domestic airport located in Patna and one international airport located in Bodh Gaya. Several domestic airlines connect Patna to Delhi, Kolkata, Mumbai, Lucknow, Bengaluru, Hyderabad and Ranchi. Airlines Indian Airlines/ Air India No of flights/day No of flights/day 2012-13* 2011-12 3 3 Jet Airways 5 4 Air Deccan/ King Fisher - 3 Go Air 3 3 IndiGo 5 4 Total 16 17 Source: Bihar Economic-Survey-2013, *Till September 2012
The 1,620 km stretch of the river Ganges that flows between Allahabad in Uttar Pradesh and Haldia in West Bengal has been declared National Waterway 1, and is being developed for navigation by the Inland Waterways Authority of India. Patna has a low-level fixed terminal on National Waterway- 1 for handling containers. The National Inland Navigation Institute has been set up in Patna to train vessel crews. It has been proposed that waterways should be used to deliver coal to power plants located on the river-side. The state government has requested the central government for funding the approval of the scheme for making rivers like Ganga, Gandak, Kosi, Sone and others navigable and connecting 2,000 panchayats with waterways. Source: Maps of India
As of August 2013, Bihar had a total installed power generation capacity of 1,868.13 MW, of which 1,544.13 MW was owned by central utilities, 280.70 MW was owned by state utilities and 43.30 MW was owned by private sector. Installed power capacity (MW) 1,970.0 1,845.7 1,921.9 1,833.9 1,868.1 1,868.1 The total installed power capacity comprised of 1,624.70 MW of coal-based power plants and 129.43 MW of hydropower plants. Besides, there was 114.00 MW of installed power generation capacity from renewable sources. The BSEB is a vertically integrated agency and is responsible for generation, transmission and distribution of electricity in Bihar. 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14* As of March 2012, BSEB was serving around 3.94 million consumers in the state. Source: Central Electricity Authority, *As of August 2013 Note: BSEB - Bihar State Electricity Board
According to Telecom Regulatory Authority of India (TRAI), Bihar had nearly 58.3 million^ wireless subscribers and 389,362 wire-line subscribers, as of September 2013. The tele-density in the state was 43.95 per cent, as of March 2013. There were 9,023 post offices in the state, as of January 2013. At a wireless subscriber base of 58.3 million in September 2013, Bihar has the fifth largest subscriber base among Indian states. As of December 2011, the state had 62,389 public call offices, 1,197 telephone exchanges and 97,603 broadband subscribers. Telecom infrastructure (September 2013) Wireless subscribers^ 58,321,739 Wireline subscribers^ 389,362 Broadband subscribers 97,603* Telephone exchanges 1,197* Tele-density (per 100 population)^ 43.95 Public Call Offices 62,389* Sources: Telecom Regulatory Authority of India, September 2013 Department of Telecommunications, Annual Report 2012-13, Ministry of Communications & Information Technology *As of December 2011 ^including Jharkhand Some of the major telecom operators in Bihar Bharat Sanchar Nigam Limited (BSNL), Bharti Airtel, Aircel Limited, Reliance Communications, Idea Cellular Services, Vodafone Essar, Tata Teleservices Source: Telecom Regulatory Authority of India
Under the JNNURM, eight projects costing US$ 155 million have been sanctioned for urban centres such as Patna and Bodh Gaya. The key areas of development are solid-waste management system, water supply and sewage. In 2011-12, the state had undertaken expenditures of US$ 41.4 million under state plan schemes for water supply and sanitation. City Water supply Solid waste management Sewage Patna The gross water supply in the city is around 186 MLD with about 91 LPCD The public water supply system comprises 98 tube wells Solid-waste generated in the city is 680 TPD About 65.0 per cent of the waste generated is collected The estimated sewage generation in the city is 224.6 MLD The city has a sewer length of around 27.4 km Gaya Gross water supply in the city is 3.4 MLD Piped water supply coverage is 35.0 per cent while the remaining 65.0 per cent relies on hand pumps. Solid waste generated in the city is 17.7 TPD About 60.0 per cent of the waste generated is collected The city generates about 6.3 MLD of waste water A DPR of US$ 20 million has been prepared under JNNURM and is under implementation Sources: City Development Plans, JNNURM, Ministry of Urban Development, Government of India, Urban Development and Housing Department, Government of Bihar, Bihar Economic Survey-2013 Note: JNNURM - Jawaharlal Nehru National Urban Renewal Mission, LPCD: Litres Per Capita Per Day, MLD: Million Litres Per Day, TPD: Tonnes Per Day, DPR: Detailed Project Report
Project name Sector PPP type Project cost (US$ million) Stage Khagaria-Bakhtiarpur section Roads BOT 355.4 Under bidding Bridge across river Ganga connecting Bakhtiarpur - Shahpur Patori Roads BOT-Toll 313.3 Construction Hajipur-Muzaffarpur Roads BOT-Annuity 196.0 Construction Chappra-Hajipur Roads BOT-Annuity 171.0 Construction Khagaria Purnea section Roads BOT -Annuity 138.5 Construction Kosi Bridge Project Roads BOT-Annuity 90.9 Construction Mokama-Munger Roads BOT-Annuity 74.3 Construction Forbesganj-Jogbani Roads BOT-Annuity 15.6 Construction Development of a new five star hotel at the site of Hotel Kautilya Vihar at Patna Development of a four star hotel at the site of Gautam Vihar at Rajgir Tourism DBFOT 14.4 Under bidding Tourism DBFOT 6.2 Under bidding Source: www.pppindiadatabase.com BOT: Build-Operate-Transfer, DBFOT: Design-Build-Finance-Operate-Transfer
The state has a literacy rate of 63.8 per cent according to the provisional data of Census 2011; the male literacy rate is 73.5 per cent and the female literacy rate is 53.3 per cent. The total number of students enrolled in primary and upper primary (up to class VIII) schools rose to 19.8 million in 2010 11 from 17.9 million in 2006-07, with an annual growth rate of 2.2 per cent. There is much progress towards gender parity with the enrolment of girls increasing at a faster rate than that of the boys. Budgeted plan expenditure on education in the state has increased from US$ 736.6 million in 2010-11 to US$ 875.3 million in 2013-14. The central government has provided US$ 303.7 million for setting up of six AIIMS-like institutions, of which, one is proposed to be set up in Patna, Bihar. The prestigious IIT has been established in Patna in August 2008. The institute offers B.Tech programmes in three disciplines Computer Science and Engineering, Electrical Engineering and Mechanical Engineering. The Ph.D. programmes are in Engineering, Science and Humanities and Social Sciences. Universities: 20 Education infrastructure (2011) Research institutions: 15 Government colleges: 273 Engineering/technical colleges: 10 Medical colleges: 10 Local body colleges/other colleges: 542 Teacher training colleges: 35 Other educational institutions: 252 Reputed technical institutes in Bihar Indian Institute of Technology, Patna National Institute of Technology, Patna National Institute of Fashion Technology, Patna Reputed medical institutes in Bihar Indira Gandhi Institute of Medical Sciences, Patna Jawaharlal Nehru Medical College, Bhagalpur Patna Medical College, Patna Source: Economic Survey of Bihar, 2012-13, Medical Council of India, University Grants Commission Note: IIT - Indian Institute of Technology
As of 2012, Bihar had 11,559 health centres in various categories including 533 PHCs, 1,330 APHCs and 9,696 SCs, As of 2012, there were 36 district hospitals, 70 referral hospitals and 55 sub--divisional hospitals in the state. Health indicators (March 2012) Persons served per doctor 25,098 Birth rate* 27.7^ Death rate* 6.6^ On an average, there are 111 health centres for a population of one million. Infant mortality rate** Life expectancy at birth (years) 43^ In 2013-14, the total budgeted expenditure for health services in the state is estimated at US$ 565.3 million, including US$ 390.3 million under non-plan and US$ 175.0 under plan expenditure. AIIMS Patna is one of the six AIIMS established in the country under the PMSSY to provide the most sophisticated healthcare. There will be a medical college offering undergraduate, postgraduate and doctoral courses. Note: PHC - Primary Health Centre, APHC - Additional Primary Health Centre, SC - Sub-Centre. PMSSY - Pradhan Mantri Swasthya Suraksha Yojana. Male (2006 10) 65.5 Female (2006 10) 66.2 Sources: Economic Survey of Bihar, 2012-13, Sample Registration System (SRS) Bulletin 2012 (www.censusindia.gov.in), Planning Commission, Government of India, *Per thousand persons, **Per thousand live births, ^SRS Bulletin September 2013 Government initiatives in the health sector Increase in sanctioned manpower in departments such as medical, public health and family welfare. Higher level of personnel appointments and training. Involving private sector in support services related to cleaning, pathology and radiology. Free drug distribution and indoor treatment.
A new museum is scheduled to open in 2015. Built on a 13- acre site in Patna, its development will be handled by the UK culture consultancy Lord Cultural Resources, with an estimated budget of US$ 80 million. According to the Sports Policy, 2007, the state government is undertaking various initiatives to promote sports in the state by augmenting sports infrastructure, providing coaching facilities and supporting the promising players. An international conclave on Experience Buddhism - In the land of its origin was organised in February, 2010, to give a major thrust to cultural tourism and explore potential related to the Buddhist circuits in India, especially in Bihar. The directorates under Youth, Art and Culture Department are Directorate of Museum, Directorate of Archaeology, Directorate of Cultural Affairs and Directorate of Student and Youth Welfare. Patna Museum, Patna Major museums in Bihar Chandra Dhari Museum, Darbhanga Gaya Museum, Gaya Nardaha Museum, Nawada Bhagalpur Museum, Bhagalpur Maharaja Lakshmishwar Sing Museum, Darbhanga Sitaram Upadhyay Museum, Buxar Bihar Sharif Museum, Nalanda Chandra Sekhar Singh Museum, Jamui Ramchandra Shahi Museum, Muzaffarpur Jananayak Karpoori Thakur Memorial Museum, Deshratna Marg, Patna Chapra Museum, Chapra The autonomous bodies under Youth, Art and Culture Department are Bihar State Sports Authority, Bihar Sangeet Natak Academy and Bihar Lalit Kala Academy. Sources: Youth, Art & Culture Department, Government of Bihar www.biharfoundation.in
The BIADA is responsible for promoting and assisting the rapid development of industries in the industrial areas and estates. Operations of BIADA are divided in four regions Patna, Muzaffarpur, Darbhanga, Bhagalpur to facilitate quick services to entrepreneurs. As on October 31, 2012, BIADA acquired a total of 5,632 acres of land; of this, 4,050 acres (72 per cent) could be allotted to the industrial units. Of the four regions, Patna reported the highest acquisition of land 2,609.11 acres. Region Acquired land (acre) Land reserved for infrastructure, administrative block, road etc. (acre) Allotted land (acre) Total vacant land (acre) No of running units Patna 2609.11 241.51 2,105.92 261.68 500 Bhagalpur 1570.51 104.77 1,084.1 344.14 236 Darbhanga 411.96 76.67 313.31 21.97 196 Muzaffarpur 1,040.43 155.58 546.81 338.04 236 Sources: Economic Survey of Bihar, 2012-13 Note: BIADA - Bihar Industrial Area Development Authority
Centres Patna Tirhut Muzaffarpur Barauni Bhagalpur Gaya Darbhanga Industries Major agricultural centre of trade, exporting grain, sugarcane, sesame and medium-grained rice; has also emerged as a manufacturing hub in Bihar with the highest number of industrial units. Has the second-highest number of industrial units in the state; food/beverage processing and manufacturing units are located here. Important trade centre for cloth; famous for exporting fruits, particularly mango and litchi. Has major industrial units including those of Indian Oil Corporation s refinery; capacity of the existing thermal power station has undergone major renovation and modernisation. Famous worldwide for tussar silk; trading of agricultural produce and cloth is an important economic activity. Other major industries include rice, sugar milling and wool weaving. Major weaving centre, important tourist hub. The main industries of this district are paper, sugar and handloom. Darbhanga city is also noted for its trade in fish, mango and makhana Industrial clusters in Bihar Manufacturing Textile/sericulture Sugarcane Agro-based industries (except sugarcane)
The natural resources and policy incentives support the agro-based sector. Agro-based industry and petroleum products (primarily Barauni oil refinery) account for around 85.0 per cent of the total industrial output in the state. In 2011-12, the SIPB approved 12 large-scale units. Britannia Industries, Ramco Industries and Hindustan Petroleum are some of the promoters whose units were granted approval. As of March 2011, the state had around 36 large scale industries. Medium, small-scale industries, micro and artisan enterprises play a major role in terms of employment. As on December 2011, there were 189,271 permanent registered units with total investment of US$ 309.0 million and providing employment to 0.61 million workers. In 2011 12, a total of 4,108 new units under the MSME sector were registered and the state government plans to open 8,000 units in this sector for FY 2012 13. A majority of the industries are located in Patna, Tirhut, Magadh, Munger and Purnea are the other major industrial centres. Note: SIPB - State Investment Promotion Board In order to attract investments in Bihar, the state government has approved a total of US$ 84.2 million to provide various benefits to industrialists and entrepreneurs in 2013-14 under the State Industrial Policy. Out of this, US$ 33.7 million was sanctioned in May 2013 and rest in October 2013. The various benefits include capital subsidies, reimbursements and grants. Food and beverages Rubber and plastics Transport equipment Chemicals Tobacco Textiles Leather Key industries in Bihar Paper, printing and publishing Mines and minerals Dairy Tea Sugar Tourism Health
Bihar is one of the largest producers of vegetables and fruits in the country. The factor advantages of the state make it a suitable place for setting up units in the food processing sector. The state is one of the leading producers of fruits like banana, mango, litchi and vegetables such as onion, tomato, potato and egg-plant in the country. In 2011 12, total production of fruits in Bihar was 3.9 million tonnes and total production of major vegetables was 15.5 million tonnes. Food processing is a priority sector for the state government. Up to 40.0 per cent of the project cost for setting up food processing units is subsidised by the state government. A grant of up to 35 per cent of the project cost, subject to maximum of US$ 1 million, is provided in case of an individual investor. In August 2013, the state government held a meeting for the implementation of the National Mission on Food Processing, a centrally sponsored scheme for the development of the food processing sector in Bihar. The government aims to establish two food parks in Muzaffarpur and Bhagalpur, which are expected to provide a major impetus to the food processing industry. Till August 2013, 735 investment proposals for new food processing projects have been cleared by the State Investment Promotion Board. These proposals will bring investments worth US$ 1.3 billion. Source: Economic Survey of Bihar, 2012-13; State Investment Promotion Board
The Food Park scheme has been declared to be the most admired scheme by the Ministry of Food Processing Industry in the history of food processing in India. Bihar is the only state to have a vision and schemes in place for the food processing sector. The Government of Bihar has approved 123 food processing projects. Following are the major crops for which food processing units may come up under Vision 2022: Paddy Maize Fruits and vegetables Wheat Sugarcane Besides food processing, the state government promotes cooperative marketing of milk and dairy products. Source: Overseas Indian Facilitation Centre (OIFC) report
Key players in Bihar s food processing and dairy industry Bihar State Cooperative Milk Producer s Federation (COMPFED) Usher Agro Ltd COMPFED is an organised milk processing cooperative, which collects milk through district level cooperative unions, processes and markets the same. It also supports members with interventions across technology, supply chain, marketing, training, etc. COMPFED covers five districts directly and 26 districts through six district level cooperative unions. In 2011-12, COMPFED has marketed around 0.86 million litres of milk per day on an average. It markets its milk products under the Sudha brand, which is in great demand. During 2012, an additional 57 new milk producers cooperative committees were formed by COMFED. It also supplied solar plate systems to 50 such committees. Usher Agro Limited is one of the largest basic food grain (rice and wheat) processing companies in India. The company established its rice processing mill in Buxar, Bihar in 2003. The company's principal products include rice, bran, wheat and husk. The products of the company are sold under the brand name Rasoi Raja. In 2011-12, the revenue of the company was US$ 149.73 million. JVL Group JVL Agro Industries Limited, incorporated in the year 1989, manufactures hydrogenated vegetable oil (Vanaspati Ghee) and refined oils. The group wants to set up an edible oil-based mega food park and a rice mill in Bihar, and is waiting for clearance from the Ministry of Food Processing.
The major drivers of chemical, oil and gas industry in Bihar are proximity to sea ports Kolkata and Haldia availability of labour and the vast market of eastern India. Petroleum & allied sectors remain large contributors to the state s industrial value output as Bihar has one of the largest public sector refineries in the country under IOCL. IOCL is planning for augmentation of Paradip-Haldia-Barauni crude oil pipeline. The project is expected to cost US$ 98.7 million and its commissioning is expected 30 months after receipt of statutory clearances. ONGC is carrying out exploration for petroleum and natural gas in an area of 2,537 sq km in Purnea basin. It also expects oil reservoirs in Kishanganj and is likely to start drilling operations soon. The permission for investigation of natural gas and petroleum in 2,227 sq km of area in Betiah district has been accorded to Oil and Natural Gas Corporation and Petrodine. Source: Economic Survey of Bihar, 2012-13 Note: ONGC - Oil and Natural Gas Corporation Limited, IOCL - Indian Oil Corporation Limited
Key players in Bihar s chemical, oil and gas industry Indian Oil Corp Ltd (IOCL) Graphite India Ltd (GIL) Krishi Rasayan Exports Pvt Ltd (KREPL) IOCL, a Fortune 500 company, is India s leading petroleum refinery. It has a refinery at Barauni, with an annual capacity of 6 million metric tonnes. Secondary processing facilities, such as a resid-fluidised catalytic cracker, diesel hydro-treating and a sulfur-recovery unit, have been added to the main refinery. The 498-km long Haldia-Barauni Crude Oil Pipeline (HBCPL) receives crude oil at the Haldia oil jetty and transports it to the Barauni refinery. GIL was incorporated in 1963. The company has eight plants located across India and produces graphite products, coke and power. The coke division of the company at Barauni in Bihar is engaged in manufacturing of Calcined Petroleum Coke (CPC) and has an installed capacity of 30,000 tonnes per annum. In 2011-12, the company produced 26,885 tonnes of calcined petroleum coke in its Barauni plant, surpassing installed capacity. KREPL is a flagship company of Krishi Rasayan Group. The company is one of the major agrochemical manufacturers, with five composite technical manufacturing units. Total revenue of the Krishi Rasayan Group in 2011-12 was US$ 138 million. In 1973, the company set up its plant at Muzaffarpur in Bihar with a capacity of 30 TPD dusting powder formulations. The company operates a poultry feed unit in Muzaffarpur with a capacity of 150 tonnes per day in pellet-form.
The goals and actions points set up by the Bihar State Council under the Bihar@2022 vision document for improving the education sector are as follows: Goals to achieve by 2022 Achieve near-zero dropout rate in secondary education. Build a base of 12 million graduates and 10 million certified technicians. Increase the capacity of higher education institutions and vocational training institutions by 10 times. Increase focus on becoming an education export hub of the region by attracting students from within and outside India. Increase capacity of medical institutions. Create exclusive science parks for nanotechnology, biotechnology and pharmaceuticals. To produce one Nobel laureate by 2022. Action points School Increase access to schools by establishing schools within 1 km distance of every habitation. Enable access to schools regardless of the capacity to pay. Fast tracking the upgradation of the state s school infrastructure and ensuring availability of adequate teachers. Awareness campaigns and policy initiatives to ensure compulsory enrolment and zero dropout. Establish model centres of excellence in primary education in rural areas. Improve hygiene in schools and colleges to curtail dropout, especially of girl students.
Action points Vocational training Ensure access to vocational training institutions to all; replicate initiatives such as the ICT academy to provide vocational training through e-learning. Planning curriculum in cooperation with industry to ensure employability and to minimise the skills gap. Provide a boost to private training facilities to train more nurses and paramedics. Provide short-term vocational courses with diploma for special skills, such as plumbing and housekeeping, to ensure that these skills are monetisable. Action points Higher school The capacity and infrastructure of higher institutions need to be quadrupled to accommodate the projected 3 million students. Capacity of medical colleges needs to be immediately tripled to ensure minimum provision of quality healthcare to the state s population. As per the current projection, the required capacity will be four times the present capacity. Hence, to meet the demand, the state should facilitate speedy approval of medical colleges. Collaboration of educational institutions and industry should be such that students remain updated with the latest industrial processes and technology, besides ensuring their employability. The state is also focused on achieving its target of raising the gross enrolment ratio in higher education to 30 per cent by 2020.
Under the state budget 2013-14, the total expenditure for the development of education sector in the state has been estimated at US$ 3,366 million for 2013-14, 21.5 per cent higher than that in 2012-13 (US$ 2,772 million). The total amount includes US$ 2,079 million for non-planned and US$ 1,287 million for planned expenditure. The allocation of US$ 1,287 million for planned expenditure includes US$ 957 million (an increase of 42 per cent over allocation for 2012-13) under the state sponsored scheme and US$ 330 million under the centrally sponsored scheme. Under the state sponsored scheme, the education sector got the highest priority with an allocation of 15.3 per cent of the state s total planned outlay in 2013-14 The central government has taken several other initiatives as well for the development of education sector 2013-14: Provision of US$ 303.7 million for setting up of six AIIMS-like institutions across India, of which, one is proposed to be set up in Patna, Bihar. Government is taking steps to create Nalanda University in Rajgir, Bihar, with the first academic session set to start from 2014. Till August 2013, 48 investment proposals for setting up of technical institutions (engineering colleges, management etc) have been cleared by the State Investment Promotion Board. These proposals will bring investments worth US$ 121 million. Source: State Investment Promotion Board
Sugar, the largest agro-based industry in the state, plays a prominent role in Bihar s economy. The northern part of the state is climatically well-suited for producing good quality sugarcane with minimum inputs as compared to other states. In 2012 13, about 237,600 hectares of land was under sugarcane production, and the production rose by more than 10 per cent to over 5 million quintals during 2012 13 compared to 4.5 million quintals in 2011 12. Sugar companies have made considerable investments for capacity expansion; consequently, their daily crushing capacity has increased from 37,000 tonnes in 2005 to over 68,000 tonnes at present. It is estimated that about 500,000 farmers are engaged in sugarcane cultivation and another 50,000 skilled and unskilled labourers are working in sugar mills. The state government offers an incentive package to the sugar industry. The Sugarcane Institute in Pusa and Rajendra Agricultural University are engaged in sugarcane-related research activities. In 2012-13 (till August 2013), 29 investment proposals for new sugar mills have been cleared by the State Investment Promotion Board. These proposals will bring investments worth US$ 760 million. Source: Economic Survey of Bihar, 2012-13; State Investment Promotion Board
Key players in Bihar s sugar industry K. K. Birla Group The K K Birla Group s sugar company, Upper Ganges Sugar & Industries Limited (UGSIL), has two units in Bihar Bharat Sugar Mills at Sidhwalia, with a crushing capacity of 5,000 tonnes per day (TPD) and Hasanpur Sugar Mills at Hasanpur, with a crushing capacity of 3,000 TPD. The Sidhwalia unit also has a 18 MW cogeneration power plant. Riga Sugar Co Ltd The company belongs to the Dhanuka Group and was incorporated in 1980. It manufactures ethyl alcohol, molasses and sugar at Sitamarhi in Bihar. The plant has a crushing capacity of 5,000 tonnes per day. Vishnu Sugar Mills Ltd The company is promoted by the Bajoria family and was incorporated in 1932. It manufactures molasses and sugar at Gopalganj in Bihar. In 2011-12, the revenue of the company was US$ 14.94 million. Eastern Sugar & Industries Ltd The company was incorporated in 1964. It manufactures molasses and sugar at Purba Champaran, in Bihar. The plant has a crushing capacity of 2,500 tonnes per day.
The state has leather, textile and handloom industries as its prominent sectors, apart from some engineering units. The state has ample raw materials (hides and skin of livestock), technical skills (leather technology institutes) and manpower, which are the major drivers for the leather industry in the state. There are 85 leather units in the state, of which 60 are manufacturing units and 25 units take up job-work. A leather cluster is being planned on Fatuha Industrial estate in the Patna district. The leather cluster will consist of micro and small leather units in three multi-storied buildings, which will house around 4,000 artisans and entrepreneurs. The construction the three building is expected to start soon. The textile industry accounts for 14 per cent of the total industrial production, contributing nearly 30 per cent of the total exports. The state is taking steps for further development of the sector and a meeting was held to discuss the draft of Bihar Textile Policy 2013 at Industries Department Patna in August 2013. There are a large number of handloom units in Bihar, of which 10,850 are under the cooperative sector and 25,503 units are outside. Besides this, there are 11,361 power looms in the state. Till August 2013, 64 investment proposals in steel processing & cement sectors were approved by the SIPB. These proposals will bring investments of US$ 1.79 billion. Source: State Investment Promotion Board
Key players in Bihar s manufacturing industry Bata India Ltd Bharat Wagon & Engineering Co Ltd Gangotri Iron & Steel Co Ltd Promoted by the Toronto-based Bata Shoes, Bata is among India s largest manufacturers and marketers of footwear products. The company has a tannery at Mokamehghat in Bihar and a leather footwear factory at Bataganj in Patna. In 2012, the company generated US$ 342 million in revenues. The Bharat Wagon and Engineering Company is a part of Bharat Bhari Udyog Nigam, a Government of India undertaking. It has over 50 years of experience in heavy-steel fabrication. It has two units at Mokama and Muzaffarpur, which are ISO 9001 certified for manufacturing wagons; a third unit at Muzaffarpur, which manufactures gas cylinders. All three plants have captive-power generation capacity. The company produces mild steel (MS) bars and billets. In 2010-11, the company produced 53,994 tonnes of MS bars and 41,482 tonnes of MS billets. In January 2009, the company set up a new unit in Bihta, in Bihar. In 2010-11, the company had an installed capacity of 145,000 tonnes of MS bars, 108,900 tonnes of MS billets and 540,000 cubic metres of oxygen gas. Sterlite Technologies Sterlite Technologies Limited manufacturers optical fibres, telecommunication cables and power transmission conductors. In September 2013, it completed the first line (Purnia-Bihar Sharif) for the East-North Interconnection (ENICL), India's first ultra mega transmission project in 26 months. Adhunik Corporation Adhunik Group is engaged in mining, steel, power, and value added steel products. The company has signed a Memorandum of Understanding with the state government for setting up a 1,000 MW power plant in the state.
The state has a rich cultural heritage as it is associated with pilgrimages and historical monuments related to religious gurus such as the Buddha, Mahavir and Guru Gobind Singh. Tourism in the state revolves around the Buddhist circuit (Bodhgaya, Rajgir, Nalanda), the Jain circuit (Bisram, Mandar hill, Champanagar) and the Sufi circuit. Some Sufi, Sikh and Jain circuits are also planned to be developed during the 12 th Five Year Plan. A fortnight-long Pitripaksha mela, held every year at Gaya, attracts large number of tourists from all over the country, as well as from foreign countries. Monuments of historical and religious significance present tremendous potential for attracting both domestic and foreign tourists. Source: Maps of India The state s tourism policy stresses on developing infrastructure and financing for tourism. The Bihar government is preparing a 20-year master plan for promotion and development of tourism in the state.
The state government has established the Bihar State Tourism Development Corporation with the prime objective of developing hotels, transports, railways, swimming pools, health tourism, etc. and running them on a commercial basis for the benefit of tourists. Other initiatives taken up are as follows: Bihar Paryatan Neeti (formulated), Paryatan Suraksha Bal (sanctioned), 48-seater AC floating Restaurant on the river Ganga, Buddha Smriti Park in Patna, etc. The government has planned two mega religious tourism circuits (Buddhism & Jainism), two mega theme parks based on the life of Buddha and Mahavir (to be constructed at Bodh Gaya and Rajgir) and eight mega centres for educational, cultural and religious tourism [Bodh Gaya, Rajgir, Patna city, Vaishali, Nalanda, Vikramasila, Ashok Dham, Yoga Sansthan (Munger)]. Eighteen projects have been sanctioned for the state by the Ministry of Tourism during the 11 th Five Year Plan period (2007 2012, up to March 2011), at a project outlay of US$ 12.6 million. From January 2012 to August 2012, the total number of tourist arrivals in the state was around 18.90 million. Bihar participated in the 33 rd India International Trade Fair, as a partner state, held in November 2013 in New Delhi and had several attractions such as the Bihar food court. Arrival of domestic tourists in Bihar (in million) 15.8 15.8 17.5 18.1 2009 2010 2011 2012* Arrival of foreign tourists in Bihar (in 000s) 472 491 795 842 2009 2010 2011 2012* Source: Ministry of Tourism, Government of India *From January 2012 to August 2012
The Bihar government has made considerable investments in the health sector: Mobile medical unit service launched in 24 districts, and remaining 14 districts are under processing. PHCs established in all 534 blocks. Muskaan Ek Abhiyan started for universal immunisation. Established Dial 1911 (toll free) for medical consultation and grievance re-addressable system. Bihar Medical Services and Infrastructure Corporation has been established. A special patient welfare committee has been set up in each district to look after the welfare of the poor patients. Untied fund availability has been provided for infrastructure development at all levels including district hospitals, sub-divisional hospitals, PHCs and SHCs. Collaboration with building construction department. Three new medical colleges to be established at Nalanda, W. Champaran and Madhepura. Till August 2013, 19 investment proposals for setting up of medical institutions (medical colleges & hospitals) were approved by the SIPB. These proposals will bring investments of US$ 402 million. Funds allocated for the health sector in Bihar as per Budget 2013-14 (US$ million) 75 116 427 Non plan Core plan scheme State plan scheme Dimagi is a maternal health project in Bihar, which has recently started teaching health workers about using technology to monitor pregnancies and has been educating them about pre-natal and neo-natal care.
The goals and actions points set up by the Bihar State Council under the Bihar@2022 vision document for improving the heath sector are as follows: Goals to achieve by 2022 Increase the number of hospitals; beds per thousand population to be increased from the current 0.25 to 4 beds per thousand population, which includes the addition of 3,01,084 beds. Increase the number of doctors per thousand population from 0.40 to 3. Provide a thrust to health insurance Increase the number of medical colleges by four times. Establish super-specialty hospitals under public-private partnership at eight district headquarters. Action points Build medical institutions and set up institutes in each district to train nurses, technicians and paramedics to serve the ageing population. Increase spending on healthcare to US$ 1,600 million from the present level of US$ 300 million. Build awareness of preventive medicines through mass media and with assistance of healthcare professionals and nongovernmental organisations. Outsource medical services. Increase the use of technologies to achieve increased productivity. Increase focus on medical research to incorporate nanotechnology and biotechnology in providing medical services.
Key players in Bihar s healthcare industry AIIMS Patna The hospital services of the All India Institute of Medical Sciences, Patna (AIIMS-P) will be operational from August 15 this year. The hospital will provide full-fledged emergency services to handle serious injury cases and patients suffering from heart ailments and brain stroke PMCH Patna Medical College and Hospital (PMCH) was established in 1925 as the Prince of Wales Medical College. It is located in Ashok Rajpath. The hospital has 1,700 beds. It is the biggest hospital in Bihar. JNMC Jawaharlal Nehru Medical College was founded in the year 1970 and is affiliated to Aryabhatta Knowledge University, Patna The hospital has 659 beds.
Bihar Single Window Clearance Act, 2006, and the Bihar Industrial Incentive Policy, 2011, promote industrial growth by giving rapid clearances, issuing licenses and certificates and providing an overall investor-friendly environment in the state. The industries department of the state and the DIC act as nodal agencies for investments. Proposals for investments greater than US$ 21.7 million are routed through the Chief Minister and the cabinet for approval. Investment handled Body Chairman Nodal agency US$ 2.17 million to US$ 21.7 million State-Level Investment Promotion Board Industries Development Commissioner Industries Development (Udyog Mitra) Below US$ 2.17 million District-Level Committee District Collector DIC Note: DIC - District Industries Centre
Agency Description Contact information Industries Department, Government of Bihar District Industry Centre (DIC) Bihar Industrial Area Development Authority (BIADA) State-level nodal body under the single-window regime for investments of above US$ 2.17 million. Primary functions involve coordinating applications from investors, processing and facilitating the process of getting clearances from various departments. The department, headed by the Principal Secretary, supervises District Industry Centres (DIC), industrial area development authorities and industrial premises in the state. District-level nodal agency for investments below US$ 2.17 million. DIC supports entrepreneurs in identifying local resources, supply of raw materials and equipment, arrangement of credit facilities, marketing, quality control, etc. Constituted with a mission to promote industrialisation and create awareness about the Industrial Policy of the state. Supports entrepreneurs in setting up industries and availing incentives offered by the State Government. The organisation runs under the guidelines and policies of the Board of Director having directors nominated by the State Government under the chairmanship of the principal secretary, Department of Industries, Government of Bihar. Vikas Bhawan Bailey Road, Patna - 800 001, Bihar. Phone: 91-612-2215 211 Fax: 91-612-2217 991 Website: http://industries.bih.nic.in/ District Industries Centre, Patna Phone - 0612-2270865 Fax: 0612-2218900 1 st Floor, Udyog Bhawan, East Gandhi Maidan, Patna - 800 004, Bihar Phone: 91-612-2675 991, 2675 002, 2675 352 Fax: 91-612-2675 889 E-mail: biada@rediffmail.com, Website: http:///www.biadabihar.in/
Agency Description Contact information Bihar State Finance Corporation Bihar State Electricity Board (BSEB) The main state-level institution that provides term lending facilities to industrial entrepreneurs. The corporation has entered into an agreement with Small Industries Development Bank of India (SIDBI), under which joint financing will be done by SIDBI and BSFC in the proportion of 90:10. Under this scheme, a minimum of US$ 0.3 million loan can be provided to one unit. The board is responsible for the synchronised development of generation, transmission and distribution of power in the state. Fraser Road, Patna - 800 001, Bihar Phone: 91-612-2332 785 E-mail: bsfcpatna@gmail.com Website: http://bsfc.bih.nic.in/ Vidyut Bhawan, Bailey Road, Patna - 800 001, Bihar. Phone: 91-0612-2504 036 Fax: 91-0612-2504 968 Website: http://bseb.bih.nic.in/ Bihar State Pollution Control Board The purpose of the organisation is prevention and control of pollution through inspection of treatment plants, standards application, research and development activities, etc. Headquartered at Patna, the organisation has seven zonal offices. Beltron Bhawan, Shastri Nagar Jawahar Lal Nehru Marg, Patna - 800 023, Bihar Phone: 91-0612-2281 250 Fax: 91-0612-2281 050 Email: bspsb@vsnl.net, Website: http://bspcb.bih.nic.in/
Approvals and clearances required Departments to be consulted Estimated time Incorporation of company Registrar of Companies NA Registration, Industrial Entrepreneurs Memorandum (IEM), Industrial Licenses Allotment of land Permission for land use Registration under Factories Act and Boilers Act Site environmental approval, no objection certificate and consent under Water and Pollution Control Acts Nodal Agency (Industries Department) Bihar Industrial Area Development Authority Revenue and Land Reforms Department, Government of Bihar Offices of Inspector of Factories, Inspector of Boilers Bihar State Pollution Control Board and Ministry of Environment and Forests, Government of Bihar NA Seven to 21 days (up to 90 days for acquisition of nonindustrial land) 30 days (45 days for conversion of nonindustrial land for use) Up to 120 days 60 days NA: Not Available
Approvals and clearances required Departments to be consulted Estimated time Approval of construction activity and building plan Urban Development and Housing Department, Government of Bihar Seven days Sanction of power Bihar State Electricity Board Up to 30 days Sanction of water Fire service clearance Registration under state s Sales Tax Act, and Central and State Excise Act Water Resources Department, Government of Bihar State Fire Service Headquarters, Government of Bihar Sales Tax Department, Central and State Excise Departments Up to 30 days Up to 15 days Seven days
Cost parameter Cost estimate Source Industrial land (per acre) US$ 398,366 in Patliputra, US$ 87,167 in Muzaffarpur Bihar Industrial Area Development Authority Labour (minimum wages per day) US$ 2.1 to US$ 4.3 Ministry of Labour and Employment, Government of India, September 2013 Office space rent (per sq ft per month) Residential rent (2,000 sq ft per month) US 50 cents to US$ 1.2 US$ 175 to US$ 350 Industry sources Industry sources Five-star hotel room (per night) US$ 180 Leading hotels in the state Commercial and industrial electricity (per kwh) Industrial: US 10.3 cents to US 11.1 cents Commercial: US 9.8 cents to US 11.2 cents Bihar State Electricity Board
Bihar State Hydro-Power Policy - 2012 Objectives To enhance the overall generation capacity of the state, including hydro power. To obtain optimal thermal-hydro generation mix in a 60:40 ratio. To encourage participation of independent power producers by offering them the best policy framework and support. Read more Bihar Industrial Incentive Policy - 2011 Objective To promote balanced industrial development and enable industries to contribute towards the social and economic development of the state. Read more Bihar Policy for Promotion of New and Renewable Energy Sources 2011 Objective To develop all forms of new and renewable energy sources, including biomass- and biogasbased projects, cogeneration projects, mini/micro/small hydro projects (up to 25 MW), wind power projects, solar projects, municipal solid waste-based projects, and other renewable resources-based projects. Read more
Information and Communication Technology Policy 2011 Objectives To create a world-class IT infrastructure in the state. To promote investment in the IT/ITeS/electronic hardware manufacturing (EHM) units by private industry to accelerate the pace of IT enablement of the state. Read more Food Processing Policy Objective To address the infrastructure, technology, skills, and marketing constraints being faced by rice, maize, pulses, honey, makhana, fruits and vegetables, and other food processing units in the state by facilitating the setting up of new food processing units. To aid the expansion and upgradation of existing units. Read more Sugar Incentive Package Objective To serve the sugar industry by building on the factor advantages of the state. Read more
Investment subsidies for NRIs The state government has offered incentive packages in the form of various tax concessions, capital and interest subsidies, reduced power tariffs, etc. to attract foreign funds in the region. Incentives for NRIs Bihar Foundation organised a two-day global meet of Non-Resident Biharis on 18 19 February 2012 with an aim to attract NRBs from across the world so that they can share their views on the state and its development. NRIs from Bihar who have been successful in their respective fields were invited to the event to share their experience. Availability of finance for NRIs Steps are being taken by the government to provide adequate facilities to enable NRIs to start small-scale industries in the state.
Incentives for new investments in plant and machinery Companies investing US$ 18.7 million or more in plant and machinery during the period from April 1, 2013 to March 31, 2015 will be entitled to deduct an investment allowance of 15 per cent of the investment. Incentives to semiconductor wafer fabrication manufacturing facilities including zero customs duty for plant and machinery. Incentives for waste to energy projects Government to provide low interest-bearing fund from the National Clean Energy Fund to IREDA to lend to viable renewable energy projects. Generation-based incentive has been reintroduced for wind energy projects and US$ 150 million has been allocated for this purpose.
Exchange rates Year INR equivalent of one US$ 2004-05 44.95 2005-06 44.28 2006-07 45.28 2007-08 40.24 2008-09 45.91 2009-10 47.41 2010-11 45.57 2011-12 47.94 2012-13 54.31 2013-14* 59.38 Average for the year *Average for the year (01 April 2013 to 07 November 2013)
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with IBEF. All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of IBEF. This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the information is accurate to the best of Aranca and IBEF s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice. Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation. Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation.