Business Opportunities in Bihar

7/27/2019 Business Opportunities in Bihar

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BUSINESSOPPORTUNITIESIN BIHARPREPARED BY _ SAGAR PUNJABI

SHRIHARI PATELKARAN NARANGHARSH DAVE


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Geology Bihar is located in Indo-Gangetic plain so naturally

fertile soil is one of asset of the state. Thus Indo-

Gangetic plain's soil is the backbone of agriculturaland industrial development in Bihar.The Indo-Gangetic plain in Bihar consists of a thick alluvialmantle of drift origin overlying in most part. Thesiwalik and older tertiary rocks. The soil is mainly

young loam rejuvenated every year by constantdeposition of silt, clay and sand brought bydifferent streams but mainly by floods in Bihar.


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Natural resources Bihar is mainly a vast stretch of very fertile flat land. It is drained by

the Ganges River, including northern tributaries of other river The

Bihar plain is divided into two unequal halves by the river Gangeswhich flows through the middle from west to east. Other Ganges

tributaries are the Son, Budhi Gandak, Chandan, Orhani and Phalgu.

The Himalayas begin at foothills a short distance inside Nepal but

influence Bihar's landforms, climate, hydrology and culture. Central

parts of Bihar have some small hills, for example the Rajgir hills. TheHimalayan Mountains are to the north of Bihar, in Nepal. To the south

is the Chota Nagpur plateau, which was part of Bihar until 2000 but

now is part of a separate state called Jharkhand.


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Forest Bihar has notified forest area of 6,764.14 km, which is

7.1 per cent of its geographical area. The sub

Himalayan foothill of Someshwar and Dun ranges inChamparan district another belt of moist deciduousforests. These also consists of scrub, grass and reeds.Here the rainfall is above 1,600 mm and thus promotesluxuriant Sal forests in the favored areas. The hot anddry summer gives the deciduous forests. The mostimportant trees are Shorea Robusta (Sal), Shisham,Cedrela Toona, Khair, and Semal. This type of forestsalso occurs in Saharsa district and Purnia district.


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Minerals

Bihar is a producer of Steatite (945 tonnes), Pyrites

(9,539 tonnes/year), Quartzite (14,865 tonnes/year),

Crude Mica (53 tonnes/year), Limestone (4,78,000

tonnes/year). Bihar has also some good resource of

Bauxite in Jamui district, Cement Morter in Bhabhua,

Dolomite in Bhabhua, Glass sand in Bhabhua, Mica in

Muzaffarpur, Nawada, Jamui, Gaya and salt in Gayaand Jamui


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Established Industries in Bihar

Food and Beverages Rubber and Plastics

Transport Equipment

Chemicals Tobacco Textiles Leather

Paper, Printing and Publishing Mines and

Minerals Dairy Tea Sugar Tourism


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Chemical, Oil and Gas The major drivers of chemical, oil and gas industry in Bihar are proximity to sea

portsKolkata and Haldiaavailability of labour and the vast market of Eastern India.

Petroleum & allied sectors remain a large contributor to the states industrial value

output as it has one of the largest public sector refineries in the countryIndian Oil

Corporation Limited (IOCL).

IOCL is planning for augmentation of Paradip-HaldiaBarauni crude oil pipeline.

Oil and Natural Gas Corporation Limited (ONGC) is carrying out exploration for

petroleum and natural

Gas in an area of 2,537 sq kms in Purnea basin.

The permission for investigation of natural gas and petroleum in 2,227 sq kms area

in Betiah district has been accorded to Oil and Natural Gas Corporation and Petrodine


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Sugar Sugar, the largest agro-based industry in the state plays a prominentrole in Bihars economy.

The North of the state is climatically well-suited for producing goodquality sugarcane with minimum inputs as compared to other states.

In 2010-11, about 250,000 hectares were under sugarcane productionand the state produced about 13.42 million tons of sugarcane.

It is estimated that about 500,000 farmers are engaged in sugarcanecultivation and another 50,000 skilled and unskilled labors are working insugar mills.

The State Government offers incentive package to the sugar industry.The Sugarcane Institute in Pusa and Rajendra Agricultural University areengaged in sugarcane-related research activities.


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MANUFACTURING INDUSTRIES The state has leather, textile and handloom industries as its

prominent sectors, apart from some engineering units.

The state has ample raw materials (hides and skin of livestock),technical skills (leather technology institutes) and manpower,which are the major drivers for leather industry in the state.

There are 85 leather units in the state of which 60 aremanufacturing units and 25 units take up job-work.

There are a large number of handloom units in Bihar, of which10,850 are under cooperative sector and 25,503 units are outside.Besides, there are 11,361 powerlooms in the state.

Between April 2008 and September 2011, 45 investment proposalsin steel processing & cement sector were approved by the StateInvestment Promotion Board (SIPB).


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TOURISM The state has a rich cultural heritage as it is associated with pilgrimages and

historical monuments related to religious gurus such as the Buddha, Mahavir,

Guru Gobind Singh.

Tourism in the state revolves around the Buddhist circuit (Bodhgaya, Rajgir,

Nalanda), the Jain circuit (Bisram, Mandar hill, Champanagar) and the Sufi circuit.

Monuments of historical and religious significance present tremendous

potential for attracting both domestic and foreign tourists.

The States Tourism Policy stresses on developing infrastructure and financing

for tourism.

The Bihar government is preparing a 20-year Master Plan for promotion and

development of tourism in the state.


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Thanks..!!

Documents

Business Opportunities in Bihar