Industry will get a boost in Bihar, know the new textile industry promotion policy implemented

In the last few years, the industries in Bihar are slowly flourishing. Meanwhile, now the new textile and leather industry expansion policy has been implemented in Bihar. This is going to give a boost to the industry in Bihar. Actually, let me tell you that Bihar Chief Minister Nitish Kumar has implemented the Bihar Textile and Shame Policy 2022 incentive policy. Let me tell you that along with this, this policy has been implemented in the state from Wednesday.

If you take a look at this policy, then it is being told that the deadline for applying under this policy has been fixed till June 30, 2023. On this occasion, the Chief Minister called upon the industrialists of the country to come to Bihar and set up industries.

On the other hand, if you take a look at this policy, then investors are going to get a lot of benefits. In this, a grant of 15% of the investment will be given, which will attract industrialists somewhere in Bihar. It is being told that up to a maximum of 10 crores will be given in the grant. Along with this, there will also be a subsidy of 2% units on electricity duty. Under this new industrial policy, the industrialists setting up the textile industry are going to get direct benefits.

Introduced the Investors Meet-cum-Bihar Textile and Leather Policy, 2022. Through this policy, the state government is trying to develop Bihar as a center of better opportunities for the investors in the textile and leather industry. (1/3) pic.twitter.com/F7RHatrwSx

— Nitish Kumar (@NitishKumar) June 8, 2022