Finance minister Nirmala Sitharaman to inaugurate Bihar investors' meet in Delhi on Thursday

PATNA: Union finance minister Nirmala Sitharaman will inaugurate Bihar investors' meet in New Delhi on Thursday with a view to presenting the state as the new "investors' destination" in the eastern zone, industry minister Shahnawaz Hussain said on Tuesday.
While the investors' meet is being organized by the state industries department, it will present the comparative advantage of the state from the point of view of the investors. "Business-friendly eco-system has been put in place in the state to give clearances to the proposals in seven days through the single-window clearance mechanism," Hussain added.
The meet will showcase the industrial potential and business opportunities available in the state. "The new fact about Bihar is that it is fast emerging as investment destination in the country's eastern zone," Hussain said."In the last one year, the state has made a huge progress as far as its industrial scenario is concerned. The investors' meet will help build up the momentum further," he said, adding big investors from across the country have given their consent to participate in the meet and assess the scope for investment in Bihar.
Giving the background of the state's emerging industrial scenario, Hussain said CM Nitish Kumar inaugurated the Rs 550-crore Pepsi bottling plant at Barauni in Begusarai last month. "A Rs 105-crore grain-based ethanol production plant at Ganeshpur (near Parora) in Purnia district has also been inaugurated. The Pepsi bottling plant has gone in first phase production with Rs 322 crore investment," the minister added.
While the Ganeshpur ethanol plant is the country's first greenfield plant that has come after the framing of the ethanol policies by the Centre and the state government, three more ethanol production plants - two in Gopalganj district and one in Bhojpur - are ready for commissioning.
Stating that the state is ready to five "red carpet welcome" to investors, Hussain said the work is being done in accordance with the vision of PM Narendra Modi under the leadership of Nitish, who, in fact, is the "brand ambassador" to introduce the investor-friendly eco-system in the state. "The government has a land pool of 2,800 acres to allot to the investors for their proposed industrial plants," he said.
The state government had brought out its ethanol production incentive policy last year. The industries department has been working to bring out other incentive policies this year with regard to textile, leather, logistics and export activities, while work on the construction of food and textile parks has also been going on.