Bihar: Nitish Kumar cabinet approves new industrial promotion policy

The policy promises rich incentives including reimbursement of stamp duty and land conversion fees.

By: PTI | Patna | Published: August 30, 2016 11:27:36 pm
New Delhi: Bihar Chief Minister Nitish Kumar addressing during the release of the book "Hum Bheed Hain",  a collection of Prof. Raghuvansh’s writings at a function in New Delhi on Tuesday. PTI Photo by Manvender Vashist  (PTI8_23_2016_000311A) Bihar Chief Minister Nitish Kumar addressing at a function in New Delhi on Tuesday. PTI Photo

The Nitish Kumar cabinet in Bihar on Tuesday gave green signal to new industrial policy which has food processing and tourism as priority sectors among others.

Approval to industrial promotion policy, 2016 was given at a meeting of state cabinet presided over by Chief Minister Kumar.

Later, Principal Secretary Cabinet Coordination department told reporters that the new policy has small machine manufacturing, IT, textile, plastic and rubber industry, renewable energy, health care, leather and technical education in the priority sectors.

The policy promises rich incentives including reimbursement of stamp duty and land conversion fees.

It would have provision for setting up private industrial parks.

The cabinet cleared 19 proposals of different departments at Tuesday’s meeting.

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