Patna: A Bihar Investment and Consultative Council would be set up soon for promoting investments in the state, Chief Minister Nitish Kumar said on Monday.

Prominent entrepreneurs, traders and economists would be members of the council and their suggestions would be taken to formulate a comprehensive plan for Bihar's industrial development, Kumar said addressing an entrepreneurs panchayat here.

The investment commissioner's office would be set up in Mumbai and the provisions of Single Window Act 2006 would be applied in the case of the proposed Council.

The principal secretary to the industry department would head the state-level committee to be constituted for the purpose.

The committee would monitor the state Industrial Promotion Board's proposals.

Kumar said the entrepreneurs panchayat would be organised every fifth Monday and would be the forum for exchange of views.

The steps would be positive and prove beneficial for bringing out an industrial revolution in India, he said.

Kumar said his government was ready to provide cooperation for expansion and extension of airports in Patna and Bodh Gaya and also for setting up airports in Purnia, Muzaffarpur and Darbhanga.

He assured action on the memoranda received by him from entrepreneurs.

Kumar termed the 12th plan as 'an ambitious plan' and that the state's plan size, which was Rs 28,000 crore for the current fiscal, would be Rs 2.72 lakh crore during the entire period.

Despite such a big plan size industrial investment would not be possible without private investments, he said adding both entrepreneurs from Bihar and those from outside should invest in the state.

"We are demanding a special state category to help entrepreneurs and promote investments," he said adding it would also bring in tax concessions.

Kumar demanded a change in yardstick if required for according the special state status to Bihar.

A clarification committee would be constituted for the state government's decisions, pledges and policies for investment and would have powers to ensure clarification of decisions taken for resolution of problems.

He said he had directed power supply be ensured for more than six to  eight hours in rural areas in the wake of 'severe drought like' situation.

Referring to his criticism of the Centre's policies, he said it was to make them better.


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