Aimed at making the state a textile hub, the State Government, in association with the Union Ministry of textiles and Apparel Export Promotion Council began a two-day Textile Investors’ Meet recently. This comes just months ahead of Bihar Business Connect 2024, a Global Investors’ Summit, to be held in December.
Industry and tourism Minister Nitish Mishra said the meet is aimed at making the state a textile hub, which in turn would go a long way in employment generation and development of the state’s very own resources. “The meet intends to showcase the state’s vast potential in the sector to the investors gathered from across the country. Investments in textile will further lead to employment opportunities for the local people,” said Mishra.
He added that majority of youths working in textile sector were from Bihar. “If the investors set up their units here, then our people would not need to migrate to other places. And even women can be part of the workforce,” the Minister said.
Mishra further said the investors would find a readily available market here and that the State Govt. was prepared to provide all possible help to them, including land for setting up their units. “Thirty-one districts already have industrial area and there is scope for land acquisition in the rest seven districts. Land can also be made available to the investors for setting up industrial units even in the 31 districts having designated industrial area,” said Mishra.
Altogether 90 investors, including 70 big companies of the country, are attending the two-day meet. Around 25 of them went on a tour of Bela Industrial Area in Muzaffarpur on the first day, said the officials, adding, even investors related to Jeevika and Mukhyamantri Udyami Yojana are participating in the event.
The second day will consist of technical and plenary sessions, where investors will be given detailed information regarding Bihar Govt’s policies in the sector. Union minister of textiles Giriraj Singh, along with several officials of the central Govt., are expected to attend the second day of the event recently.
