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... 

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... 

Bihar’s new industrial policy [2011-2016]: some exciting highlights and suggestions! Patna: recently the Nitish Kumar government announced its industrial policy, a significantly updated version of the 2006 version. Clearly, the earlier version failed to make the expected level of impact. Implemented in April 2006, it did not attract much investment. According to the data available, even though the State Investment Promotion Board cleared proposals of Rs 2.15 lakh crore, less than one hundredth, Rs 2,000 crore fructified. Bihar continues to face the challenge of attracting investors from... 

ASSOCHAM proposes to invest big in Bihar ASSOCHAM to invest in Bihar The victory of Nitish led coalition by massive margin has given a boost to Industrial sector. The first good news came from , The Associated Chambers of Commerce and Industry in India (Assocham). It has proposed to partner Bihar government to develop 14 industrial clusters for an estimated cost of Rs. 450 crore for employment and revenue generation. ASSOCHAM has also announced that it will invest 4 lakh crore rupees in association with Bihar Chamber of Commerce and Bihar Industrial Association in next 5 years throur...