Bihar garners around 450 investment proposals amounting to Rs

33,973 crores: Shahnawaz Hussain
Patna, Jul 7 (PTI) Notwithstanding the challenges posed to
the economy by COVID-19 pandemic, Bihar has managed to buck
the trend and garnered around 450 investment proposals
amounting to Rs. 33,973 crores in the last six months, said
Industries Minister Shahnawaz Hussain on Wednesday.
"Under the inspiring leadership of Chief Minister Nitish
Kumar, Bihar is making rapid strides to forge ahead on the
path of sustainable industrialisation; nurtured and promoted
by an able, experienced, and proactive leadership known for
his administrative abilities and also fondly known as
'Sushashan Babu'", he told media persons here.
The state has witnessed fast-paced development due to the
double engine government (NDA governments at the centre as
well in the state) and receiving proactive and considered
supported by the central government, he added.
He further said, "The state is making sincere and
concerted efforts to improve the business ecosystem through
outcome-oriented measures such as policy, reforms,
infrastructure development, and institutional improvements".
Bihar has emerged as the state with "unbound" opportunities
and is poised to lead the growth charts in the near future, he
added.
"It is also worthwhile to note that, unlike other states,
investments in Bihar are mostly concentrated in employment-
intensive sectors and dispersed across the size spectrum.
"This is in sync with Prime Minister Narendra Modis
vision of taking development to the furthest pockets and
accomplishing sustainable livelihood-generation in the
hitherto underdeveloped areas of Bihar", said the Industries
minister.
Institutional reforms aimed at allowing business to
flourish without wasting precious time on excessive compliance
is another focus area of the government of Bihar, he added.
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(This story has not been edited by THE WEEK and is auto-generated from PTI)