India's Investment Climate    

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India's Investment Climate

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Highlights of Union Budget 1997-98

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Indian States-A Profile

BIHAR

General Information

Capital Patna
Area 1,74000 sq km
Population(Census 1991) 86 million
Principal Languages Hindi
Urbanisation Ratio(1991) 13.2%
Literacy Rate(1991) 38.5%
Major Minerals Coal, Mica, Copper ore, Uranium, Limestone China Clay, Fireclay, Bauxite, Kyanite
Major Industries Steel, Sponge Ion, Coal, mining, oil refiney, heavy engineering,filled communication cables ceamic capacitors, TV receivers, fruit processin bulk drugs.
Major Crops Paddy, Wheat, Maize, Pulses, Sugarcane, Potatoes, Tobacco, Oilseeds, Onion, Chillies, Jute, Mesta.

Infrastructure

Railway track length 5,316km
Road length 85,718 Km
National Highway length 2,118 Km
Domestic airport Gaya, Jamshedpur, Patna
International airport None
Major cities linked Calcutta, Delhi, Lucknow, Ranchi, Varanasi
Ports None
Industrial Zones & Parks 66
Export Processing zone 1 (Planned)


Industrial Policy

The aims and objective of the policy are to create an environmen for optimal utilisaion of state's ago climatic, mineral and human resources: providem quality infrasrucure for accelerated industrialisation of the state, attract invesment to generate economic acivities employment, income and growth etc.

Incentives

Subsidy of upto 15% of capital investment for new small and ancillary indusries.
Additional subsidy of 10% , upto Rs. 1 million, for purchasing energy conservation equipment.
Sales-Tax deferment and exemption for finished goods.
Power subsidy of 18 paise per unit for units with capital investment of upto Rs. 7.5 million.
Power subsidy of 15 paise per unit for units with investment of between Rs. 7.5 million and Rs. 150 million.
Subsidy of upto Rs. 0.01 million for modernisation and productivity improvement by SSI units
Special facilities or SC/S and technically-qalified enrepreneurs on prioriy basis.
Feasibility study subsidy of upto 1% of fixed capital, or upto Rs. 0.02 million of SSI unis.

State identified priority sectors

Agro-processin, Engineeing, Forestry Minerals, Plastics, Power, Telecom, Texiles, Tourism.

For more information, please contact:

Name of the organisation Telephone
Fax
Industrial Development Commissioner
Department of Indusries,
Govt. of Bihar
New Secretariat
Patna
0612-223246 0612-222698
Bihar State Financial Corporation,
Frase Road
Patna
0612-334210 -



India's Investment Climate

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