टाटा से अडानी तक, ब्रिटेनिया से पेप्सिको तक बिहार में अरबों के निवेश का पूरा सच?|Kharcha Pani Ep 912

Summary

The script discusses the transformation of Bihar, India, from being labeled as 'sick' due to economic and social challenges to becoming an investment hub. Major Indian business houses like Tata and Adani are investing heavily in the state, focusing on sectors like cement, textiles, and food processing. The government's efforts to improve infrastructure and ease business regulations have attracted significant investments, aiming to change Bihar's industrially backward image. However, the state still faces significant challenges like migration and unemployment.

Takeaways

• 📈 The term 'Bimaru', which means 'sick' in Hindi, was used to describe the economic backwardness of states like Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh in a report by Ashish Bose to Prime Minister Rajiv Gandhi in the 1980s.
• 🏭 Major Indian business houses, including Tata and Adani, have started investing in Bihar, indicating a shift in the state's economic landscape.
• 💹 Bihar has seen a significant increase in investment proposals, with thousands of crores of rupees coming in over the past two years, a substantial rise from the amount received between 2016 and 2022.
• 🏗️ Large projects have been initiated in Bihar, such as Adani Group's Ambuja Cements and UltraTech Cement, as well as investments in the textile, food processing, and cement industries.
• 🏨 The Indian Hotels Company, a Tata Group entity, opened a five-star Taj hotel in Patna, marking the state's first such establishment.
• 🌾 Bihar's primary focus for investment is food processing due to the state's abundance of raw materials like rice, wheat, pulses, sugarcane, and litchi.
• 🛠️ The state government has declared high priority sectors for investment, including food processing, textiles, and dairy, with policies to encourage investment in these areas.
• 📉 The state's GDP has seen a substantial increase, growing by 29% over five years to reach nearly 45 lakh crores by the financial year 2023.
• 🏭 Bihar is the largest producer of litchi and a significant producer of wheat in India, with traditional textile industries employing around 3,66,000 workers.
• 📉 Despite the economic progress, Bihar still faces significant challenges in terms of migration and employment, with approximately 3 crore people registered on the state's employment portal.

Q & A

What is the term used to describe certain states in India that are economically lagging?

The term used to describe certain states in India that are economically lagging is 'Bimaru', which is an acronym derived from the first letters of the states Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh.

When was the term 'Bimaru' first used to describe these states?

The term 'Bimaru' was first used in the 1980s when demographer Ashish Bose submitted a report to the then Prime Minister Rajiv Gandhi, which referred to these four states as 'Bimaru' due to their economic backwardness.

What is the current trend of investment in Bihar?

Bihar is currently experiencing a surge in investment from major Indian business houses, including Tata and Adani, indicating a shift from its previously lagging economic status.

How much investment has Bihar received in the recent past?

According to a report by Indian Express, Bihar has received investment proposals worth thousands of crores in the past two years, with a significant increase from the amount received between 2016 and 2022.

What are some of the major projects that have been set up in Bihar?

Some of the major projects in Bihar include Adani Group's Ambuja Cements, UltraTech Cement, and several investments in the textile, food processing, and cement industries by various companies.

What is the role of the Adani Group in Bihar's industrial development?

The Adani Group has played a significant role in Bihar's industrial development by setting up an Ambuja Cements plant and other related industries, contributing to the state's economic growth.

What steps has the Bihar government taken to attract investments?

The Bihar government has taken steps such as improving law and order, setting up industrial zones in 31 districts, and establishing land banks to facilitate investments.

How has the government's policy impacted the investment scenario in Bihar?

The government's policies, such as the Bihar Industrial Investment Promotion Policy and the establishment of IT parks, have positively impacted the investment scenario, leading to a significant increase in investments.

What are the challenges that investors still face in Bihar?

Despite improvements, investors in Bihar still face challenges such as the need for a stronger single-window system and further administrative reforms.

What is the current status of employment and migration in Bihar?

Employment and migration remain significant challenges in Bihar, with approximately 3 million people registered on the state's labor portal seeking jobs.

How has the Bihar government addressed the issue of industrial development in the state?

The Bihar government has addressed industrial development by prioritizing sectors like food processing, textiles, and cement, and by implementing policies to boost private investments.