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Land area: 173,877 sq. km. Population: 86.4 million Capital: Patna Per Capita Income: Rs 3,816 Inflation Rate: 8% Industrial Policy Bihar is concentrating on strengthening its industrial sector in a bid to catch up with the rest of India in attracting investments. The aims and objective of its policy are to create an environment for optimal utilization of state's agro, climatic, mineral and human resources: provide quality infrastructure for accelerated industrialization of the state, attract investment to generate economic activities employment, income and growth etc. Incentives 1. Subsidy of up to 15% of capital investment for new small and ancillary industries. 2. Additional subsidy of 10%, up to Rs. 1 million, for purchasing energy conservation equipment. 3. Sales-Tax deferment and exemption for finished goods. 4. Power subsidy of 18 paise per unit for units with capital investment of up to Rs. 7.5 million. 5. Power subsidy of 15 paise per unit for units with investment of between Rs. 7.5 million and Rs. 150 million. 6. Subsidy of up to Rs. 0.01 million for modernization and productivity improvement by SSI units 7. Special facilities or SC/S and technically qualified entrepreneurs on priority basis. 8. Feasibility study subsidy of up to 1% of fixed capital, or up to Rs. 0.02 million of SSI units. State identified priority sectors: Agro-processing, Engineering, Forestry Minerals, Plastics, Power, Telecom, Textiles and Tourism. |
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