Bihar Aims for ₹5 Lakh Crore Industrial Investment by 2024 Under New Leadership
Bihar's Chief Minister Samrat Choudhary aims to attract ₹5 lakh crore in industrial investments by November 2024, enhancing the state's economic landscape. The government plans to streamline business approvals and develop a defense corridor to boost employment and investment.
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Bihar's government has set a target to secure ₹5 lakh crore in industrial investments by November 2024, coinciding with the NDA's one-year anniversary in office. To facilitate this, a new system will ensure essential industry proposals receive approval within 30 days, enhancing the investment climate.
Plans are also in place to develop Rajgir and Munger as a defense corridor to generate employment opportunities. Alongside, the state budget currently stands at ₹3.47 lakh crore with robust fiscal management, ensuring teachers' salaries are prioritized.
Additionally, central initiatives like GST have significantly increased Bihar's revenue, allowing for strategic investments in development projects. These efforts align with Prime Minister Modi's vision for a 'Viksit Bharat' by 2047, positioning Bihar for accelerated growth.
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