Bihar

Capital | Population Patna | 99.02 million
State GDP & Growth Rate - GDP State GDP is around US$ 604.8billion and the growth rate is approx. 11.95%.
Per capita income The per capita income ranges from US $ 520 to 550.
Political Scenario The Government of Bihar locally known as State Government is the supreme governing authority of the state. Since 2015 Janata Dal (JD) is the ruling party of the state.
Key Sectors / Industries Food and beverages, rubber and plastics, transport equipment, chemicals, tobacco, textile, leather and dairy are among the key sectors in Bihar.
Emerging markets / opportunities
  • - Mining and extraction
  • - Textiles
  • - Sugar mills, rice mills
  • - Oil refineries
  • - Cement, steel
  • - Fertilizers
  • - Automobiles
  • - Engineering products
Business Scenario /Government Initiatives
  • Bihar is a land of enviable mineral resources base, including steatite, pyrites, quartzite, crude mica, limestone, etc and is also well know for the agro climatic resources. The State is a leading producer of agriculture commodities such as rice, wheat, sugarcane, gram, jute, etc and makes it one of the largest producers of fruit and vegetables in the country. There are large industrial units of textiles, leather, information technology, engineering goods and tourism which results to Bihar being embarked as a vibrant and globally competitive industrial economy. Due to fertile soil base, large variety of agricultural commodities are produced, such as paddy, wheat, lentils, sugarcane, jute, etc.
  • Bihar is extremely rich in minerals, such as iron ore, coal, and bauxite. The state also boasts of a fertile soil capable of producing a variety of crops, such as wheat, sugarcane, paddy, jute, and lentils.
  • Bihar is one of the leading producers of fruits and vegetables of India. Thus, there is great potential for the food processing industry in this state. Participation of the private sector in this sector is being promoted heavily by the state government. It is offering major subsidies for tea processing plants.
  • The largest agriculture-based industry in the state is sugar.
  • Bihar has the second-highest jute production in the country after West Bengal.
  • Other major industries of the state are fertilizer manufacturing plants, oil refineries, cotton mills, railway wagon plants, medicine manufacturing units, finished leather industries, cement industries, distilleries, food processing units, and sugar mills. Some new industries gaining a strong foothold in the state are engineering goods, information technology, and tourism.
  • The government of Bihar has formulated several schemes and incentives to attract investors to the state. The goals of the state government are to promote industrialization, create infrastructural facilities, and to generate employment opportunities for people.
  • With a trained workforce, helpful administrative system, good infrastructure, and investor-friendly environment, Bihar is attracting investors and entrepreneurs from all over the world. The natural advantages of the state are contributing to rapid economic development.
  • Bihar is among the strongest agricultural state with very high productivity. The percentage of population employed in agricultural production in Bihar is estimated to be around 74 % which is higher than the national average and also is the largest producer of vegetables and the second largest producer of fruits in India. The government provides specific incentives for information technology, renewable energy, sugar, food processing and tourism to develop these sectors which support the agro-based sector. Agro-based industry and petroleum products account to 85 % of the total industrial output.
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