Bihar’s IT Sector Attracts Over Rs 200 Crores in Investments from Top Tech Companies | – Times of India
Patna: In a significant development for Bihar’s information and technology (IT) sector, more than 15 companies on Tuesday signed investment intent forms worth over Rs 200 crores during a crucial meeting held at BELTRON office here. The gathering, focused on discussing Bihar’s IT Policy 2024, marked a substantial step forward in the state’s digital transformation journey.
The high-profile session witnessed unprecedented participation from over 40 top-tier technology companies, led by their CEOs, CXOs and VPs. Industry giants like Hewlett Packard, Microsoft, Tata Advance, CSM Technologies, Diamond Infotech and Canon were among the prominent attendees, demonstrating strong interest in Bihar’s IT and Electronics System Design & Manufacturing (ESDM) sectors.
Projections indicate that Bihar is poised to attract investments exceeding Rs 1,000 crore this year.
During the session, govt officials outlined the state’s comprehensive strategy to support investors, highlighting key aspects of the Bihar IT Policy 2024. The policy focuses on creating a conducive environment for business growth through streamlined processes, competitive incentives and robust infrastructure development.
“This overwhelming response from industry leaders validates our vision for Bihar’s IT sector,” said Abhay Kumar Singh, secretary of the department of IT, chairing the meeting.
“The investment commitments we’ve received today (Tuesday) are just the beginning. With our investor-friendly policies and strategic advantages, we are confident of achieving our Rs 1,000 crore investment target this year,” Singh said.
The meeting also addressed crucial aspects such as skill development initiatives, ease of doing business measures and various incentives available under the new IT policy. Special emphasis was placed on the state’s cost advantages compared to other regions, making it an attractive destination for the IT companies looking to expand their operations.
The govt will organise similar meetings across major cities like Mumbai, Chandigarh, Kolkata, Delhi and Bangalore.
The high-profile session witnessed unprecedented participation from over 40 top-tier technology companies, led by their CEOs, CXOs and VPs. Industry giants like Hewlett Packard, Microsoft, Tata Advance, CSM Technologies, Diamond Infotech and Canon were among the prominent attendees, demonstrating strong interest in Bihar’s IT and Electronics System Design & Manufacturing (ESDM) sectors.
Projections indicate that Bihar is poised to attract investments exceeding Rs 1,000 crore this year.
During the session, govt officials outlined the state’s comprehensive strategy to support investors, highlighting key aspects of the Bihar IT Policy 2024. The policy focuses on creating a conducive environment for business growth through streamlined processes, competitive incentives and robust infrastructure development.
“This overwhelming response from industry leaders validates our vision for Bihar’s IT sector,” said Abhay Kumar Singh, secretary of the department of IT, chairing the meeting.
“The investment commitments we’ve received today (Tuesday) are just the beginning. With our investor-friendly policies and strategic advantages, we are confident of achieving our Rs 1,000 crore investment target this year,” Singh said.
The meeting also addressed crucial aspects such as skill development initiatives, ease of doing business measures and various incentives available under the new IT policy. Special emphasis was placed on the state’s cost advantages compared to other regions, making it an attractive destination for the IT companies looking to expand their operations.
The govt will organise similar meetings across major cities like Mumbai, Chandigarh, Kolkata, Delhi and Bangalore.
