• Source:JND
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The Bihar government is set to unveil a new Industrial Investment Promotion Policy by the middle of next month. The upcoming policy is expected to place special emphasis on industries that are vital from Bihar's perspective, aiming to drive sector-specific growth and enhance investment opportunities across the state.

Currently, the 2016 Industrial Investment Promotion Policy, which had reached the end of its term, is operating under an extension granted by the state cabinet in March this year. Until the new policy is notified, industrial units will continue to receive incentives based on the existing framework.

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According to sources in the Industry Department, several rounds of consultations have already taken place with stakeholders to determine the features and priorities of the new policy. Further discussions are planned to fine-tune the incentives and structural reforms.

One of the key highlights of the new policy is the effort to integrate sector-specific incentives into a unified framework. Unlike earlier provisions that involved separate policies for different sectors, the upcoming policy aims to streamline benefits and increase facilities for new and upcoming industrial units.

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The department is also considering including new segments, particularly those involving new and renewable energy, and may introduce enhanced support for industries uniquely significant to Bihar.