Government of Bihar announces Vision Documents for the promotion of IT/ITeS & ESDM Investments
In a focused attempt to showcase Bihar’s developmental efforts and highlight the initiatives being taken to create a strong eco-system as well as attract big-ticket investments in the IT and ITeS, ESDM sectors, the Bihar Government has come out vision documents titled ‘Bihar IT/ ITeS Investment Promotion Vision 2017’ & ‘Bihar ESDM Vision 2017’.
The vision document was unveiled by Shri Nitish Kumar, the Hon’ble Chief Minister of Bihar at the Bihar IT and ITeS Investors Conclave 2017 here today. The main objective is to promote IT, ITeS & ESDM investment in Bihar.
“To develop the IT/ ITeS industry of the State for inclusive socio-economic growth and gainful employment generation, and to emerge as the next investment destination for IT/ ITeS companies in the country, while offering and enabling environment for industrial investments, stable policies and transparent governance, strategic infrastructure development, and enhanced service delivery by effective use of information technology,” Shri Nitish Kumar, the Hon’ble Chief Minister of Bihar told a large assembly of industry leaders coming from across the country.
The State Government has taken decision to build an IT City in Rajgir in Nalanda district on 100 acres of land. The Bihar Government has also earmarked 25 acres at Bihta in Patna for a proposed IT Park with state-of-the-art facilities, seamless internet connectivity and uninterrupted quality power availability. An IT Tower is also being developed in the State capital to house IT/ITeS and Electronic companies. Premium properties with plug-and-play infrastructure are proposed to be offered to start-ups in the State and as per the incentives offered by the Bihar Start-up policy 2017 to promote entrepreneurship in the State.
Beside these, to promote industry-led growth in the State, Bihar is also in the process of implementing key reforms and strategic initiatives that will help the State accelerate its envisaged development plan in the sector. The state has drafted Bihar Industrial Investment Promotion Policy 2016, and Bihar Startup Policy 2017, offering sector specific incentives, and subsidies to IT/ITeS and ESDM units and startups among many other sectors in the State.
As the State recognizes the significance of the IT/ ITeS sector as major contribution towards the State economy, the State Government wishes to channelize its efforts towards certain key areas that have been identified as major avenues towards high growth, gainful employment generation, and income augmentation while leveraging the traditional strengths and strategic advantages of the state. The focus areas include IT products, software and services, Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Call-centres, Digital content development, Smart technologies, Internet of Things (IoT), Data centres and Big Data.