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Patna,(BiharTimes): Deprived of the opportunity to make any political statement by Raj Thackeray, Bihar Chief Minister Nitish Kumar was left with no option but to talk business and praise the great men of Maharashtra.
He held an hour long meeting with the captain of industries in Mumbai and invited them to the state. This is not the first time that he had made such an offer. It is other thing that he had not succeeded in his past efforts. |
Explaining the new industrial policy which was announced by his government last year the Chief Minister urged the captain of industries to come and invest in the state as it offers an industry-friendly climate.
He reportedly told them that the state offers tremendous business opportunities in sectors such as solar energy, education, healthcare etc.
Among others who attended the meeting included Vedanta Group Chairman Anil Agarwal, Bharat Forge Group Chief Baba Kalyanai, ICICI Bank’s CMD Chanda Kochhar and Axis Bank’s chief Shikha Sharma.
The Industrial Policy 2011-2016 focused on areas like power, food processing, agro-based industries, tourism, super speciality hospitals, IT, technical and higher education, electronics, hardware and non-conventional sources of energy.
The policy provides for a subsidy grant of 50 per cent for setting up captive power plants and 60 per cent in case of non-conventional sources of energy.
It also provides a capital subsidy of about Rs five crore to those making less than Rs 500 crore of investments whereas Rs 30 crore would be given as capital subsidy to industrial units that invest Rs 500 crore or above.
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