Transport industry booms in Bihar
PATNA: With substantial increase in the number of both buses (also called stage coaches) and trucks registered in the last five years in the state, transport has emerged as a major industry in the state’s service sector.
Beginning with the 2005-06 fiscal, as many as 2,106 new buses were issued permanent permits till 2010-11. On the other hand, as many as 1,447 trucks received national permits issued by the state transport authority.
“As a result of it, the revenue earnings of state transport department registered a sustained increase,” said a transport department official on Monday. According to him, revenue earnings of the department from issuance of permits was Rs 38.25 crore during 2005-06, Rs 39.43 crore during 2006-07, Rs 42.21 crore in 2007-08, Rs 50.52 crore in 2008-09 and Rs 55.05 crore in 2009-10. “The revenue earning recorded a significant increase in the 2010-11 fiscal as well,” the official added.
During the review of revenue earnings of the department done by deputy CM Sushil Kumar Modi recently, it transpired that the overall revenue netted by the department from its various activities, including issuance of permits, registration of various kinds of vehicles as well as fine imposed for overloading of goods, was Rs 293.33 crore during the first seven months of the current financial year. “It is 25.95% more than the revenue netted by the department during the corresponding period (April-October) of the last financial year (2010-11).
Incidentally, economic slowdown in the country had no impact on the growth of transport sector in the state. The state’s figures of the sale of passenger-carrying vehicles in the first half of the current financial year compares favourably with the national figures. In fact, nationally, the sale of such vehicles declined by 24% in this period, compared to the last financial year. In sharp contrast, the sale increased by as much as 12% in Bihar.
Significantly, prospective and established transporters of the state purchased 739 buses till September in the last financial year, but this year, in the same period, the purchase was more than double at 1,530 buses. This represents an increase of 107%.