ITC among four industrial houses keen to invest in Bihar

At least 4 firms, together with fast-moving client items (FMCG) main ITC Ltd, have responded to the decision by the Bihar authorities to spend money on the state, its industries minster has mentioned.

This comes as a reduction for the state authorities which has laid a purple carpet to welcome investments in Bihar, together with a promise of offering 2,500 acres of land.

With the flush of migrant labourers and the state authorities’s ability mapping, the industries division can be boasting concerning the availability of surplus workforce.

However, the dimensions of the investments will not be recognized but.

“Four firms, including ITC, Surya Food and Agro Ltd and have shown interest to invest in Bihar, besides this Ajanta Shoes (India) Pvt Ltd is also keen to set up units here,” Shyam Rajak, the state’s minister for industries, mentioned.

It is predicted it’ll create employment as the federal government is attempting to generate jobs for migrant labourers who’ve has returned to the state after the unfold of the coronavirus illness (Covid-19).

According to the federal government estimate, about 21 lakh migrant labourers have returned to Bihar via Shramik Special trains and highway routes.

“All this is at a nascent stage and the visit of officials has been hampered by Covid-19. Once things normalise, the officials will visit Bihar to discuss the details,” Rajak mentioned and added that efforts had been being made to rope in additional industrial homes.

“ITC is planning to make a big investment, which will be beside the small units it has in Munger and Purnia,” he mentioned.

Sources mentioned the meals processing items had been to arrange at Motipur in Muzaffarpur or in or close to Patna. “Road connectivity with the capital could be the reason for setting up units in Muzaffarpur,” one of many individuals cited above mentioned.

An official of the industries division mentioned on the situation of anonymity that the technical workforce of those industries will first go to to see the supply of land and different infrastructure wanted for the initiatives.

The Bihar authorities has been harping its power that as it’s a main grain and fruit-producing state, there may be immense scope of funding for meals processing items within the area. It has additionally mentioned that it’ll quickly tweak the Industrial Investment Promotion Policy.

Earlier, the industries minister had written to 25 homes, together with Nestle India, Parag Milk Foods Ltd, GlaxoSmithKline Consumer Healthcare Ltd, Jubilant Foodworks Ltd, KRBL Ltd, LT Food Ltd and Hindustan Food Ltd amongst others to ask them to spend money on Bihar.