Bihar receives IT investment proposals worth Rs4,000 crore | Patna News – Times of India
Patna: Over 40 national and international companies proposed investments worth approximately Rs 4,000 crore in Bihar’s IT sector on the inaugural day of the Bihar Business Connect 2024 on Thursday. The event saw participation from over 200 representatives of various companies and discussions on Bihar’s potential as an IT hub.
IT minister Santosh Kumar Suman highlighted the state’s digital transformation. “Bihar is undergoing a digital revolution and our IT infrastructure in key areas like educational initiatives and policy frameworks is creating a conducive atmosphere for technology-based companies and startups. Initiatives like the Bihar State Data Centre and Digital Bihar have enhanced connectivity, data safety, security and e-governance, ensuring smooth, transparent and accountable public service delivery,” he said.
Suman also highlighted the financial advantages of investing in Bihar. “The operational cost here is among the lowest in the country compared to metro cities with reduced office rents and daily expenses, leading to higher returns,” he added.
Abhay Kumar Singh, the department secretary, presented the Bihar IT Policy 2024, offering lucrative incentives to investors. “Any company investing Rs 100 crore in Bihar will receive an incentive of Rs 70 crore. This is the largest incentive offered by any state in the country,” Singh said.
He also highlighted Bihar’s talent pool and infrastructure readiness. “We have a vast pool of IT professionals and software engineers ready to return to their native state. Also, 10 lakh square feet of office space is available for the sector,” Singh added.
The panel discussion, “Fostering synergies: Building a vibrant IT/ITES and ESDM ecosystem in Bihar,” featured prominent IT sector leaders, including Arvind Kumar Choudhary (special secretary of the department), Som Satsangi (CEO, HP) and Sameer Jain (MD of Primers Partners).
The speakers praised Bihar’s growing potential as an IT investment destination. Satsangi and Jain commended the state’s initiatives and expressed optimism about its future as a hub for IT and technology-based enterprises.
IT minister Santosh Kumar Suman highlighted the state’s digital transformation. “Bihar is undergoing a digital revolution and our IT infrastructure in key areas like educational initiatives and policy frameworks is creating a conducive atmosphere for technology-based companies and startups. Initiatives like the Bihar State Data Centre and Digital Bihar have enhanced connectivity, data safety, security and e-governance, ensuring smooth, transparent and accountable public service delivery,” he said.
Suman also highlighted the financial advantages of investing in Bihar. “The operational cost here is among the lowest in the country compared to metro cities with reduced office rents and daily expenses, leading to higher returns,” he added.
Abhay Kumar Singh, the department secretary, presented the Bihar IT Policy 2024, offering lucrative incentives to investors. “Any company investing Rs 100 crore in Bihar will receive an incentive of Rs 70 crore. This is the largest incentive offered by any state in the country,” Singh said.
He also highlighted Bihar’s talent pool and infrastructure readiness. “We have a vast pool of IT professionals and software engineers ready to return to their native state. Also, 10 lakh square feet of office space is available for the sector,” Singh added.
The panel discussion, “Fostering synergies: Building a vibrant IT/ITES and ESDM ecosystem in Bihar,” featured prominent IT sector leaders, including Arvind Kumar Choudhary (special secretary of the department), Som Satsangi (CEO, HP) and Sameer Jain (MD of Primers Partners).
The speakers praised Bihar’s growing potential as an IT investment destination. Satsangi and Jain commended the state’s initiatives and expressed optimism about its future as a hub for IT and technology-based enterprises.
