Investment Board and new industrial policy alluring investors

Patna Jan 21 (UNI) Bihar Chief Minister Nitish Kumar today said a constructive change in the state's environment and the new industrial policy were attracting the investors.

Addressing the valedictory function of the Global Meet for a Resurgent Bihar as chief guest, Mr Kumar said the state possessed immense potential and ''the constructive change'' in the atmosphere would certainly take it on the roads to development.

He outlined the steps taken by his government to improve the overall situation and said besides streamlining the administrative system and improving the law and order situation, which were two major challenges at the time it came to power, the government constituted an investment board to woo investment to the state.

Mr Kumar said the new industrial policy was investor-friendly and framed to woo the entrepreneurs. These steps he claimed were attracting investors, who were now showing interest to come to Bihar.

He said the government during a short span of one year sanctioned 70 proposals for investment of about Rs 27,000 crore.

He hoped the government would achieve the target fixed for growth with the cooperation of those who were showing interest in the development of Bihar.

Mr Kumar highlighted the steps taken to control crime, saying speedy trials and stern actions against criminals had considerably bettered the law and order situation and there was no state patronage to the criminals.

Infrastructure like road, water and electricty were being improved, he said adding the state government was striving to ''renovate Bihar and revive its lost glory.'' MORE UNI