The overall business atmosphere in Bihar has improved drastically in the last few years and the state is now getting many proposals from big investors and reputed companies, said Nitish Kumar, Chief Minister, addressing an investors’ meet after launching the Bihar Textile and Leather Policy for 2022. He also assured the investors all possible assistance from the administration and the state government.

The CM further said, his government would ensure that Bihar becomes the top destination for investors in different sectors in the coming years.

The government is currently working in various sectors, especially ethanol production, textile and leather, to attract investors in a big way, added Yadav while lauding state's industry minister Syed ShahnawazHussain for creating awareness among the investors about the facilities provided by the state government.

Investors are frequently arriving in the state with investment proposals. Such a turnaround happened mainly because of the consistent efforts of the industry minister, he added.

The textile and leather policy envisages capital investment subsidy up to Rs10 crore as well as freight subsidy up to Rs10 lakh per year.The power tariff for such units will be Rs2 per unit in order to provide competitive electricity rate to the industries to set up units in the state, he said

The new policy is aimed at opening doors for new textile and leather industries in Bihar. The state government has made several provisions for various types of incentives, including capital investment, employment generation, power tariff and skill development subsidies, Yadav said.