Diamond polishing: shopfloor! Patna: according to reports, the state’s first diamond processing unit was inaugurated at the Patliputra Industrial Area here on Thursday by chief minister Nitish Kumar. The unit has been set up by a leading diamond and jewellery firm of the country, Shrenuj and Company. It is widely known that 30% of skilled workers in the diamond hub of Surat are said to belong to Bihar. This could well be a case of reverse migration – instead of Bihari labour heading for Surat, skilled Bihari labour heading back to Bihar to find employment!  The new unit currently... 

Now entrepreneur’s panchayat to be held every fifth Monday in Bihar! Entrepreneur: leaping to new stuff! Patna: according to press reports emerging from the entrepreneur’s panchayat held in Patna on Monday, a Bihar Investment and Consultative Council would be set up soon for promoting investments in the state, Chief Minister Nitish Kumar said today. Prominent entrepreneurs, traders and economists would be members of the council and their suggestions would be taken to formulate a comprehensive plan for Bihar’s industrial development, Kumar said addressing an entrepreneur’s panchayat... 

Now Bihar’s first multi-storeyed industrial complex at Fatuha!   Fatuha: last year in December, Bihardays carried a report on plans to start Bihar’s first multi-storeyed industrial complex at the Fatuha industrial area in Patna district. Recently, the foundation was formally laid by the Bihar CM Nitish Kumar for what is to grow into a “leather hub”, with initial investment of Rs 400 crore by 600 micro, small and medium entrepreneurs. Most of the entrepreneurs — Muslim immigrants from Bihar running micro and small leather units in Mumbai’s Dharavi — have decided to relocate... 

500 Mumbai entrepreneurs coming back to Bihar : can this become a trend? Mumbai: meet Saeed Khan, a Dharavi-based micro-entrepreneur, a school dropout from Aurangabad district in Bihar who has made it in life. Way back in 1979 Khan arrived in Mumbai and found work as a salesman at a shoe shop for some months. Soon, after apprenticing with a metal melting unit in Dharavi, he rented his own room and started manufacturing metal buckles for belts. Khan has come a long way since and has grown into one of India’s leading high-end buckle manufacturers. His products can be found on display... 

SAIL approves setting up of 3 steel processing units in Bihar: Bettiah, Mahnar and Gaya   New Delhi: according to the latest reports, the Steel Authority of India Ltd (SAIL) board has given in-principle approval for setting up 10 steel processing units in different parts of the country. ‘There are 10 nos of steel processing units for which SAIL board has accorded “in-principle” approval and these are to be set up in different states,’ the Steel Minister, Mr Beni Prasad Verma, said in a reply to the Rajya Sabha. The SPUs would be established in Bihar (Bettiah, Mahnar and Gaya),... 

India International SugarCon 2011 in Bihar for the first time: 12th September Patna: according to a recent report, the India International SugarCon 2011 is being held in Patna, Bihar on September 12. Organized by Indian Chamber of Commerce and supported by the state government, the event aims to promote private investment in the sugar industry in the state. Sugarcane industry department principal secretary C.K. Mishra told the press ‘We would use the event to showcase the state’s potential for those looking to invest in this sector.’ The principal secretary stated that Bihar will try... 

Shree Cement to set up plant in Bihar’s Aurangabad district: attracted by the construction boom! Patna :according to reports in the press, the cement manufacturing company Shree Cement is planning to set up a plant in Bihar’s Aurangabad district. The company is looking at the target of producing one million tonnes of cement every year with an investment of Rs 230 crore. The company sources told a Patna based reporter ‘We have chosen Bihar for our new plant as the state is growing at a very fast pace and the demand of cement would increase in future, thus, providing a ready made... 

Nasscom’s ‘IT-eco system’ to develop skill/infrastructure for software industry in Bihar Patna: according to the latest reports, the National Association of Software and Services Companies (Nasscom) delegates have had a round of meetings with the state government to develop an environment conducive for IT and ITeS firms in the state through an ‘IT-eco system’, namely a skill pool conducive to such investment. Dr Ganesh Natarajan, the member of the chairmen’s council of Nasscom, recently met deputy chief minister Sushil Kumar Modi and the information technology secretary, Arun... 

Bihar Government to organize investors’ meet to start 2 new sugar mills and revive 9 Patna: The Bihar government will soon organise an investors’ conference specifically addressed to the sugar industry in the state. The idea is to meet investors and convince them to set up sugar industries in the state. The meet is likely to take place in August. Madhepura and Banka have been identified as the two nw hubs for the purpose and will be promoted among the potential investors. In Banka district, sugarcane is being grown in 8,693hectare of land whereas in Madhepura, 5771hectare is engaged in... 

ITC plans grand entry into dairy and food processing: makes the first move in Munger, Bihar Kolkata: in a highly welcome development from Bihar’s point of view, ITC Ltd is now planning to enter the dairy and beverage arena in a strategic move to become the country’s largest fast moving consumer goods (FMCG) company. In the next five years, the company is planning to take its various food and personal product brands global. Chairman, ITC Y C Deveshwar told a reporter ‘Yes, we will get into dairy products. We are experimenting with a programme in Munger in Bihar, under which we are helping...