In a significant push to transform Bihar into a prime investment hub, the state's Industries Minister, Dilip Kumar Jaiswal, outlined a comprehensive strategy focused on policy reforms and institutional security. The announcements were made during the third season of the 'Bihar @ 2047 Vision Conclave' held in Bengaluru on Sunday.
Building a Robust Ecosystem for Investors and Startups
Minister Jaiswal emphasized the state government's unwavering commitment to creating a preferred destination for investors, entrepreneurs, and startups. He stated that his department is actively working towards building a robust and investor-friendly ecosystem. This effort hinges on a three-pronged approach involving policy reforms, institutional support, and administrative sensitivity.
"We are taking concrete steps to ensure not only 'ease of doing business' but also 'security of doing business'," Jaiswal declared. He revealed that a major step in this direction is the ongoing formation of the Bihar Industrial Security Force (BISF). This force is modelled on the lines of the Central Industrial Security Force (CISF).
The Bihar Industrial Security Force (BISF): A Game-Changer
The primary objective of the BISF is to provide dedicated security to entrepreneurs, investors, and industrial establishments across the state. "The aim is to ensure institutional protection and further strengthen confidence and stability in the industrial environment," the minister explained. This move is seen as a direct response to concerns about safety and is intended to be a cornerstone for long-term industrial growth.
During his address, Jaiswal also expressed a deep personal appreciation for Vikas Vaibhav, IPS, the chief patron of Let's Inspire Bihar. He referred to Vaibhav as a brother and praised his societal commitment, stating, "In my experience, about 80% of officers mainly live and work for themselves, while Vikas Vaibhav is among the rare people who live and work for society."
Vision for a Developed Bihar: Beyond Caste and Community
Speaking at the same event, Vikas Vaibhav stressed the critical need to restore Bihar's historical and cultural heritage by rising above divisions of caste, community, and religion. He underlined the pivotal role of entrepreneurship, startups, and collective citizen participation in building a developed Bihar.
Vaibhav also outlined upcoming initiatives to sustain the momentum, including a proposed Bihar Development Summit in 2026, planned to be held in Hyderabad and New Delhi. He urged widespread participation from all stakeholders.
The conclave saw active participation from Bihar's legislators as well. Baikunthpur MLA Mithilesh Tiwari highlighted the urgent need for a strong industrial and skill development ecosystem in the state, calling the event an effective platform connecting entrepreneurs, policymakers, and investors. Dehri MLA Rajeev Ranjan Singh drew a direct link between fostering local entrepreneurship and curbing migration, noting that creating local opportunities is key to inclusive economic growth.
The event, organized under the aegis of The Oxford College of Science, Arts, Commerce and Management, was a major success. It witnessed participation from over 1,000 people from across India and abroad. The diverse audience included entrepreneurs, industry leaders, IT professionals, thinkers, and startup representatives. Delegates attended from major Indian cities and from countries including the USA, United Kingdom, Hong Kong, Vietnam, and Singapore.
