Bihar Industry Investment Promotion Policy (Textile & Leather) 2022
June 14, 2022
Members of the Council
Sub : Bihar Industry Investment Promotion Policy (Textile & Leather) 2022
I would like to share that I had an opportunity to be a part of launching ceremony of Bihar Industry Investment Promotion Policy (Textile & Leather) 2022 at Patna, Bihar on 8th June, 2022. Hon’ble Chief Minister, Shri Nitish Kumar and Shri Syed Shahnawaz Hussain, Hon’ble Minister of Industries, Govt. of Bihar invited me to attend the ceremony and share the thought of leather & footwear sector on policy formulated by Govt. of Bihar for leather & footwear sector.
Govt. of Bihar has come out with a positive and progressive industrial investment policy which is promising to provide conducive business ecosystem and also has incentivised the manufacturing activity in the state. Some of the readily available policy incentives are as follows:
1. Capital Investment Subsidy
2. Freight reimbursement incentive
3. Employment generation subsidy
4. Power tariff subsidy
5. Patent registration assistance
6. Interest subvention
7. Exemption from stamp duty/registration fee
8. Exemption from land conversion fee
9. Skilled development subsidy
Hon’ble Chief Minister and Industry Minister of Govt. of Bihar are taking personal interest in welcoming potential investors of the sector in the state of Bihar.
In the above context, I request my esteemed colleagues to express your interest in investing in Bihar. A delegation of interested members will subsequently be planned to Bihar for study and site visits.
To provide you comprehensive understanding and the detailed provision of Bihar Industrial Investment Promotion Policy 2022 herewith I am enclosing the copy of policy which was unveiled on 8th June, 2022 at Adhiveshan Bhawan, Patna for your kind perusal and consideration please.
Looking forward to your kind reply in above regard.
Thanks and regards
Council for Leather Exports