The Bihar Government has introduced vision documents titled “Bihar IT/ ITeS Investment Promotion Vision 2017” and “Bihar ESDM Vision 2017” to showcase Bihar’s developmental efforts and highlight the initiatives being taken to create a strong ecosystem as well as attract big-ticket investments in the IT & ITeS, and ESDM sectors.
The vision documents were unveiled by Shri Nitish Kumar, Hon’ble Chief Minister of Bihar, at the Bihar IT and ITeS Investors Conclave 2017. The main objective is to promote IT, ITeS and ESDM investment in Bihar.
“To develop the IT/ITeS industry of the State for inclusive socioeconomic growth and gainful employment generation, and to emerge as the next investment destination for IT/ITeS companies in the country, while offering and enabling environment for industrial investments, stable policies and transparent governance, strategic infrastructure development, and enhanced service delivery by effective use of information technology,” said Shri Nitish Kumar.
According to the reports, the State Government has taken a decision to build an IT City in Rajgir in Nalanda district on 100 acres of land. The Bihar Government has also earmarked 25 acres at Bihta in Patna for a proposed IT Park with state-of-the-art facilities, seamless internet connectivity and uninterrupted availability of quality power. An IT Tower is also being developed in the State capital to house IT/ITeS and Electronic companies. Premium properties with plug-and-play infrastructure are proposed to be offered to start-ups in the State, as per the incentives offered by the Bihar Start-up Policy, 2017 to promote entrepreneurship in the State.
Besides these, to promote industry-led growth in the State, Bihar is also in the process of implementing key reforms and strategic initiatives that will help the State accelerate its envisaged development plan in the sector. The state has drafted Bihar Industrial Investment Promotion Policy, 2016, and Bihar Start-up Policy, 2017, offering sector-specific incentives, and subsidies to IT/ITeS and ESDM units and start-ups among many other sectors in the State.
Focus Areas:
As the State recognizes the significance of the IT/ ITeS sector as a major contribution towards the State economy, the State Government wishes to channelize its efforts towards certain key areas that have been identified as major avenues towards high growth, gainful employment generation, and income augmentation while leveraging the traditional strengths and strategic advantages of the state. The focus areas include IT products, software and services, Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), call centres, digital content development, smart technologies, Internet of Things (IoT), data centers and Big Data.
Bihar ESDM Vision 2017:
The state has already embarked on the development of the ESDM industry with the implementation of several governance initiatives, and setting up state-of-the-art infrastructure earmarked for IT/ ITeS and ESDM. Besides these, to promote industry-led growth in the State, Bihar is also in the process of implementing key reforms and strategic initiatives that will help the State accelerate its envisaged development plan in the sector.
Tags: Government of Bihar, IT investments, Bihar ESDM Vision 2017, Bihar IT, ITeS Investment Promotion Vision 2017, ESDM sectors, varindia, Bihar Start up Policy 2017
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