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Business Standard
2 days ago
- Business
- Business Standard
Nitish announces 'special economic packages' to boost investment in Bihar
In a bid to promote investments in Bihar, Chief Minister Nitish Kumar on Saturday announced several "special economic packages" for the investors. The CM announced the government's decision in a social media post. In a post on X, he wrote, "Our government has set a target to provide jobs and employment to one crore youths in the next five years. The government is encouraging those setting up industries and pursuing self-employment in the state by providing various facilities." "Now, entrepreneurs setting up industries in Bihar will be given a special economic package. To encourage private sectors to set up industries in Bihar, the government has decided to provide a special economic package," he added. All these facilities will be provided to entrepreneurs for setting up industries within the next six months. In addition, several other provisions have been made to significantly assist entrepreneurs setting up industries in the state. A detailed notification in this regard will be issued separately, the CM said. "The special economic packages for the investors/entrepreneurs include: The incentive amount provided for capital subsidy, interest subsidy, and GST will be doubled. Land will be arranged in all districts for setting up industries, and industries providing more employment will be given land free of cost. Disputes related to the land allocated for setting up industries will be resolved on a priority basis," Kumar added. "In 2020, under the Seven Resolves-2 initiative, our government fulfilled the target of providing government jobs and employment to 50 lakh youths. Now, our government has set a target to provide jobs and employment to 1 crore youths in the next 5 years. The objective of this initiative by the state government is to promote industries in Bihar, ensure that the youth of Bihar become skilled and self-reliant, have access to maximum employment opportunities, and secure their future," the CM said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hindustan Times
2 days ago
- Business
- Hindustan Times
Bihar: Nitish Kumar unveils special economic packages to boost investments
In a bid to promote investments in Bihar, Chief Minister Nitish Kumar on Saturday announced several "special economic packages" for the investors. Bihar chief minister Nitish Kumar(PTI) The CM announced the government's decision in a social media post. In a post on X, he wrote, "Our government has set a target to provide jobs and employment to one crore youths in the next five years. The government is encouraging those setting up industries and pursuing self-employment in the state by providing various facilities." "Now, entrepreneurs setting up industries in Bihar will be given a special economic package. To encourage private sectors to set up industries in Bihar, the government has decided to provide a special economic package," he added. All these facilities will be provided to entrepreneurs for setting up industries within the next six months. In addition, several other provisions have been made to significantly assist entrepreneurs setting up industries in the state. A detailed notification in this regard will be issued separately, the CM said. "The special economic packages for the investors/entrepreneurs include: The incentive amount provided for capital subsidy, interest subsidy, and GST will be doubled. Land will be arranged in all districts for setting up industries, and industries providing more employment will be given land free of cost. Disputes related to the land allocated for setting up industries will be resolved on a priority basis," Kumar added. "In 2020, under the Seven Resolves-2 initiative, our government fulfilled the target of providing government jobs and employment to 50 lakh youths. Now, our government has set a target to provide jobs and employment to 1 crore youths in the next 5 years. The objective of this initiative by the state government is to promote industries in Bihar, ensure that the youth of Bihar become skilled and self-reliant, have access to maximum employment opportunities, and secure their future," the CM said.
The Hindu
2 days ago
- Business
- The Hindu
CM Nitish Kumar announces 'special economic packages' for investors to promote investments in Bihar
In a bid to promote investments in Bihar, Chief Minister Nitish Kumar on Saturday (August 16, 2025) announced several "special economic packages" for the investors. The CM announced the government's decision in a social media post. In a post on X, he wrote, "Our government has set a target to provide jobs and employment to one crore youths in the next five years. The government is encouraging those setting up industries and pursuing self-employment in the State by providing various facilities." "Now, entrepreneurs setting up industries in Bihar will be given a special economic package. To encourage private sectors to set up industries in Bihar, the government has decided to provide a special economic package," he added. All these facilities will be provided to entrepreneurs for setting up industries within the next six months. In addition, several other provisions have been made to significantly assist entrepreneurs setting up industries in the State. 'A detailed notification in this regard will be issued separately,' the CM said. "The special economic packages for the investors/entrepreneurs include: The incentive amount provided for capital subsidy, interest subsidy, and GST will be doubled. Land will be arranged in all districts for setting up industries, and industries providing more employment will be given land free of cost. Disputes related to the land allocated for setting up industries will be resolved on a priority basis," Mr. Kumar added. No name will be deleted without notice, says ECI on Bihar SIR "In 2020, under the Seven Resolves-2 initiative, our government fulfilled the target of providing government jobs and employment to 50 lakh youths. Now, our government has set a target to provide jobs and employment to one crore youths in the next five years. The objective of this initiative by the State Government is to promote industries in Bihar, ensure that the youth of Bihar become skilled and self-reliant, have access to maximum employment opportunities, and secure their future," the CM said.
Time of India
2 days ago
- Politics
- Time of India
Nitish pledges to provide govt jobs, employment opportunities to one crore youth 'in coming years'
Bihar Chief Minister on Friday pledged to provide government jobs and other employment opportunities to one crore youth in the state "in the coming years". He was addressing a gathering after unfurling the tricolour at the Gandhi Maidan on Independence Day here. Tired of too many ads? go ad free now "Bihar is moving ahead with high growth rate and development. Earlier, we had promised to provide 10 lakh government jobs to our youth. But now we have fixed a new target of providing jobs and employment opportunities to one crore youth in the state," Kumar said. "Over eight lakh youths were given government jobs initially. In 2020, under 'Seven Resolves-2', the target was raised to 12 lakh government jobs and 38 lakh employment opportunities. So far, 10 lakh youths have already been given government jobs, and 39 lakh people have been given employment. Over 50 lakh will be employed before the coming assembly polls. Over the next five years, one crore youths will be provided jobs and employment opportunities", he added. The CM also announced several initiatives that will be taken by the NDA government in the state. "The government has also decided to introduce a uniform fee of Rs 100 for preliminary tests of all competitive exams in the state and no money will be charged for appearing in the mains. This decision will benefit lakhs of youth who aspire for government jobs in the state," Kumar added. The decision assumes significance in view of the Assembly polls in the state due later this year. Highlighting the state's industrial growth, Kumar said the government is taking steps to attract new industries. "We will offer capital subsidies, interest subsidies, and GST incentives for setting up industries. Land will be provided in all districts, and employment-intensive industries will be given land free of cost. Tired of too many ads? go ad free now All disputes over industrial land will be resolved within four months," he added. The CM said seven new medical colleges will be opened in Kishanganj, Katihar, Rohtas, Sheohar, Lakhisarai, Sheikhpura, and Arwal. He added that special buses will run for Bihari migrants during Diwali, Chhath Puja, and Holi from cities like Delhi, Gurugram, and Chandigarh. The state government will also request additional festival trains from the Centre. Referring to the 2023 caste-based survey, Kumar said, "Our survey identified 94 lakh poor families across castes and communities. We had planned financial assistance of Rs 2 lakh per family over five years. Now, the entire amount will be provided at once. A high-level committee has been formed to oversee this." Kumar asserted that restoring law and order has been a key focus since his government was formed in November 2005. "At that time, crime was rampant. Today, Bihar Police strength has reached 1.31 lakh. Recruitment is ongoing. Incidents of murder, dacoity, loot, and kidnappings have drastically declined compared to 2005," he added. He said special attention has been given by the state government on education and healthcare sectors. Highlighting the initiatives taken by the state government for women empowerment, Kumar said, "Since 2006, 50 per cent reservation has been given to women in panchayats. Since 2007, such reservations were implemented in urban local bodies. In 2016, 35 per cent reservation was also given in all government jobs to women". He added that the government approved 430 new schemes worth Rs 50,000 crore to address development gaps. Pensions for the elderly, disabled, and widows have been increased from Rs 400 to Rs 1,100 per month, he added. "When we formed the government in 2005-06, the budget of the state was Rs 28,000 crore. It increased to Rs 34,000 crore in 2006-07 and has now surpassed Rs 3.16 lakh crore," he said. The recent decision by the central government to conduct a nationwide caste-based census is a commendable step, the CM said. "The Union Budget 2025-26 included a Makhana Board, Greenfield airport, support for the Western Kosi Canal, a national-level food processing institute, and expansion of IIT Patna. Hosting the 2025 Khelo India Youth Games was a matter of great pride, and the event was successfully held in the state," he added. Continuing a long-standing tradition, after the ceremony at Gandhi Maidan, the CM visited a Mahadalit Tola, a symbolic gesture he performs every Independence Day. Additionally, the tricolour was ceremonially hoisted by Sukhu Choudhary in Punpun, on the outskirts of Patna, following another tradition.
Time of India
2 days ago
- Business
- Time of India
Nitish Kumar announces 'special economic packages' for investors to promote investments in Bihar
In a bid to promote investments in Bihar, Chief Minister Nitish Kumar on Saturday announced several "special economic packages" for the investors. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The CM announced the government's decision in a social media post. In a post on X, he wrote, "Our government has set a target to provide jobs and employment to one crore youths in the next five years. The government is encouraging those setting up industries and pursuing self-employment in the state by providing various facilities." "Now, entrepreneurs setting up industries in Bihar will be given a special economic package. To encourage private sectors to set up industries in Bihar, the government has decided to provide a special economic package," he added. All these facilities will be provided to entrepreneurs for setting up industries within the next six months. In addition, several other provisions have been made to significantly assist entrepreneurs setting up industries in the state. A detailed notification in this regard will be issued separately, the CM said. Live Events "The special economic packages for the investors/entrepreneurs include: The incentive amount provided for capital subsidy, interest subsidy, and GST will be doubled. Land will be arranged in all districts for setting up industries, and industries providing more employment will be given land free of cost. Disputes related to the land allocated for setting up industries will be resolved on a priority basis," Kumar added. "In 2020, under the Seven Resolves-2 initiative, our government fulfilled the target of providing government jobs and employment to 50 lakh youths. Now, our government has set a target to provide jobs and employment to 1 crore youths in the next 5 years. The objective of this initiative by the state government is to promote industries in Bihar, ensure that the youth of Bihar become skilled and self-reliant, have access to maximum employment opportunities, and secure their future," the CM said.
