Bihar can become an attractive destination for investments if it creates a system to provide land for industry and improves its power situation. This was the message from top corporate leaders, bankers and experts at the first meeting of Bihar State Industrial Investment and Advisory Council (BSIIAC) here Saturday. Chief Minister Nitish Kumar and his cabinet colleagues were also present, officials said.
Market regulator, Securities and Exchange Board of India (SEBI) chairman U.K. Sinha said that BSIIAC meeting was held with a positive note to work for development of the state. "It is a good move to attract private investors," he said.
ICICI bank chairman K.V. Kamath told media persons after the meeting that Bihar government had done many things but still has to work hard on other fronts to attract private investors.
"The state government have to work hard to provide facility of power and land to all investors and there should be a clear-cut industrial road map," he said.
Vedanta Group executive chairman Anil Agrawal said that Bihar has become one of the sought after states for private investors.
State Bank of India chairman Partip Choudhary said that his bank is ready to help investors,who are keen to invest in Bihar. "But government has to provide power and land to private investors if it wants them to invest in the state," he said.
Officials said Nitish Kumar assured them that he would work on their suggestions.