The Bihar cabinet on September 12, 2017, approved two new policies for promoting investments in information technology (IT) and electronics manufacturing sectors. The IT/ITes Investment Promotion Vision 2017 and Electronics System Design and Manufacturing Vision 2017 are likely to be unveiled by CM Nitish Kumar during the two days IT conclave cum investment meet from September 13, 2017.
The two policies would have incentives for firms dealing in IT and electronics manufacturing centres to set up their units in the state. Sources in IT department said the two policies would provide incentives prospective investors for providing land and subsidy on power tariff, loan interest, research and development and employment generation.
IT department officials said senior executives of more than 100 leading multinational firms have confirmed their participation in the conclave, which would start with a 24-hour Bihar Hackathon 2017 on the BIT-Mesra campus in Patna. Students from over 100 institutions would brainstorm and solve real time IT-related problems being faced by various state government departments as part of the contest.
The main conclave would be held at a hotel on September 14, 2016. Top executives from the leading firms would be addressed by CM, his deputy Sushil Kumar Modi and Union minister of electronic and IT and law and justice Ravi Shankar Prasad.