Bihar can grow into a major service sector hub: CII

Source: Anisha Anand, Times of India

PATNA: Confederation of Indian Industries (CII), eastern region, chairman Viresh Oberoi on Friday said Bihar has immense potential to grow as a service sector hub. Tourism and healthcare sectors, if developed properly, can bring investments to the state, he said.

Oberoi, who was in the city and also met CM Jitan Ram Manjhi to discuss the future plans of CII for ushering in industrialization of the state, while addressing a presser said, “Bihar has a unique characteristic ? high human density. So, industries which are not land-based, such as service sector industries, can thrive well.” CII Bihar council chairman S P Sinha accompanied him.

As per Oberoi, tourism can develop into a major industry in Bihar given the large number of tourist spots and historic sites in the state. “It’s a matter of shame for India that it sends out around 15 million tourists annually and receives only seven million tourists. This is the only country with such negative balance,” he said and added growth of Bihar as a tourists’ hub might assist in balancing the negative slope. Also, if large number of people here are properly trained, companies which thrive on human capital will think of venturing in Bihar, he added.

Pointing out the negative aspect of Bihar’s high human density, he said it leads to non-availability of land for industrialization. “Thus, the government should undertake land zoning exercise to identify available land for industrialization purpose and accompanying zoning exercise with digitization of land records,” he suggested and welcomed the state government’s initiative to create land bank.

He said early commissioning of ongoing power projects to overcome energy deficit, exploring renewable source of energy, developing effective pre and post harvest management system by improving cold storage and other logistic support to agri farms, developing a sound marketing framework for produce and improving training infrastructure for skill development can catapult Bihar to top performing state in India. The CII eastern region chief also vouched support to the state government in various ways, such as convincing various stakeholders outside the state or country to invest in Bihar in view of the support the government would extend.

Talking of the major CII initiatives in Bihar, Oberoi said CII has been organizing Agro Bihar, the largest farm mechanization forum in eastern India, in collaboration with the state agriculture department. The last session of Agro Bihar witnessed participation of 130 exhibitors and 30,000 farmers. Also, CII along with Bihar Industries Association (BIA) is going to establish an Indian Angel Network. Young entrepreneurs with business ideas can approach the network which, in return, will mentor them and suggest ways to implement the idea.

Source: Anisha Anand, Times of India

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