Bihar Industrial Area Development Authority Greenlights Land Allotment for 13 New Units
In a significant move to bolster industrial growth, the Project Clearance Committee (PCC) of the Bihar Industrial Area Development Authority (Biada) has approved land allotment to 13 industrial units during a meeting held on Tuesday. The session was chaired by Kundan Kumar, the industries department secretary and managing director of Biada, marking a proactive step towards enhancing the state's economic landscape.
Land Allocation Details and Sectoral Diversity
The committee allocated a total of 11.52 acres of industrial land and sheds across various locations in Bihar, including established industrial areas in Patna, Begusarai, Purnea, Darbhanga, Aurangabad, Buxar, and Vaishali. This strategic distribution aims to promote balanced regional development and reduce economic disparities within the state.
The approved units span a diverse range of sectors, which are crucial for strengthening Bihar's industrial ecosystem:
- Textiles and Leather: Supporting traditional and modern manufacturing.
- Food Processing: Enhancing agricultural value chains.
- Pharmaceuticals: Boosting healthcare and medical supplies.
- Plastics: Catering to packaging and industrial needs.
- Compressed Biogas (CBG): Promoting renewable energy solutions.
- General Manufacturing: Diversifying production capabilities.
Investment and Employment Projections
Together, the allottees have proposed a cumulative investment of Rs 139.5 crore, reflecting strong investor confidence in Bihar's industrial potential. Once operational, these projects are projected to create approximately 1,010 direct employment opportunities, providing a significant boost to local job markets and contributing to socio-economic upliftment.
Biada's Commitment to Investor-Friendly Policies
Kundan Kumar, the managing director, emphasized that Biada has consistently worked to streamline the land allotment process, making it more investor-friendly. He highlighted efforts to ensure policy-driven transparency and the provision of modern infrastructure tailored to contemporary industrial requirements.
"The latest round of approvals is seen as a concrete step towards accelerating industrial expansion, improving the investment climate, and generating large-scale job creation across the state," Kumar stated, underscoring the authority's dedication to fostering a conducive environment for business growth.
This initiative aligns with broader state goals to attract investments, diversify the economy, and create sustainable employment, positioning Bihar as an emerging hub for industrial development in Eastern India.
