Friday, July 3


Patna: In a boost to Bihar’s industrial growth, the state govt has extended the validity of the Bihar Industrial Investment Promotion Package (BIIPP) 2025. Originally scheduled to expire on June 30, 2026, the incentive package will now remain effective until Dec 31, 2026, or until the new Industrial Investment Promotion Policy, 2026, is implemented, whichever is earlier.The decision, aimed at sustaining industrial momentum and maintaining investor confidence, was approved by the state cabinet following a proposal from the industries department.The extension is intended to prevent a policy vacuum before the rollout of the new industrial policy. Officials said the move would ensure continuity, allowing both prospective and existing entrepreneurs to continue availing of fiscal incentives and strengthening Bihar’s position as an emerging investment destination.Highlighting the govt’s vision, industries minister Sushri Shreyasi Singh said, “The decision to extend the validity of BIIPP 2025 is an important step towards providing investors with a stable and reliable policy environment. It will help attract fresh investments, accelerate industrial expansion and create new employment opportunities across the state.”Industries department secretary Kundan Kumar said the extension was prompted by the strong response from corporate houses. “The industries department remains committed to providing timely, transparent and investor-friendly services to facilitate industrial investment in Bihar,” he said.The extension is expected to expedite pending project approvals and drive investments in key sectors such as manufacturing, food processing and textiles, ensuring uninterrupted industrial development across the state.



Source link

Share.
Leave A Reply

Exit mobile version