What is (BSIDC) Bihar State Industrial Development Corporation?
BSIDC full form is Bihar State Industrial Development Corporation (BSIDC), it is a public sector undertaking that provides infrastructure and industrial development assistance to industries in Bihar, India. BSIDC was established in 1962 by the Government of Bihar for the development of industries in the state. It is a wholly-owned subsidiary of the Department of Industries, Government of Bihar. BSIDC provides a range of services to industries, including project financing, technical consultancy, market research, and training. It also provides infrastructure development assistance, such as land acquisition and development, factory construction, and power and water supply. BSIDC has played a key role in the development of many industries in Bihar, including sugar, textiles, pharmaceuticals, and automobile components. It has also helped attract investment from major Indian and multinational companies to Bihar.
What is BSIDC, Bihar?
The Bihar State Industrial Development Corporation (BSIDC) is the industrial development arm of the Government of Bihar. It was established in 1962 with the mandate to promote and facilitate industrial development in the state. BSIDC is a key player in the implementation of various industrial and investment promotion schemes of the government and provides a range of services to investors, including project facilitation, financing, infrastructure development, and market linkages.
BSIDC has played a pivotal role in the development of several key industries in Bihar, including textiles, food processing, pharmaceuticals, electronics, and engineering. The corporation has also been instrumental in attracting major investment projects from leading companies such as Tata Motors, Hindustan Unilever, Siemens AG, and Bharti Airtel. In recent years, BSIDC has been focusing on developing new growth sectors such as renewable energy, biotechnology, and IT/ITeS.
BSIDC’s objective is to promote sustainable industrial growth in Bihar through an integrated approach to planning, development, and implementation. The corporation strives to create an enabling environment for investments by providing quality infrastructure and services. BSIDC also seeks to catalyze private investment through public-private partnerships (PPPs) and other innovative financing mechanisms.
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The Different Types of BSIDC Services
BSIDC provides a range of services to support industrial development in Bihar. These services include:
1. Industrial Infrastructure Development: BSIDC undertakes the development of industrial infrastructure, including factory buildings, warehouses, roads, power and water supply, and sewage and drainage facilities.
2. Industrial Estate Management: BSIDC manages a number of industrial estates in Bihar, providing basic infrastructure and common facilities such as security, fire protection, and waste management.
3. Industrial Promotion and Investment Facilitation: BSIDC provides a range of services to promote investment in Bihar’s industrial sector, including investment seminars and investor facilitation services.
4. Industrial Park Development: BSIDC is developing a number of industrial parks in Bihar which will provide world-class infrastructure and support services to companies located there.
5. MSME Cluster Development: BSIDC is working to develop clusters of micro, small, and medium enterprises (MSMEs) in various sectors in Bihar. This will create synergies between companies in the same sector and help them to compete more effectively in the marketplace.
Different Services provided by BSIDC, Bihar
BSIDC, Bihar has played a significant role in the development of industries in Bihar. It provides various services and facilities to promote industrial growth in the state. However, there are some criticisms against BSIDC as well.
- Consultancy training & marketing support
- Planning
- Energy efficiency
- Resource efficiency
- Green Productivity & pollution control
- ISO certification
- Waste management
- Brand image development of the products
- Project evaluation
What Industries Does BSIDC Serve?
BSIDC provides services to a wide range of industries in Bihar, including agriculture, manufacturing, construction, and tourism. We are committed to promoting the development of these industries and providing support to the businesses that drive them. Our goal is to create opportunities for all Bihar residents to participate in the state’s economic growth.
BSIDC has a long history of supporting agricultural development in Bihar. We provide financial assistance to farmers through our Agricultural Credit Scheme, which offers loans at preferential interest rates. We also offer technical assistance and training programs to help farmers improve their productivity and profitability. In addition, BSIDC operates a number of agro-processing units across the state, which add value to agricultural products and create jobs for rural residents.
The manufacturing sector is another key focus area for BSIDC. We have set up a number of industrial estates across the state, which provide infrastructure and support services to businesses. We also offer financial assistance to encourage investments in new manufacturing projects. In addition, we provide technical assistance and training programs to help businesses improve their competitiveness.
The construction sector is another important contributor to the state economy. BSIDC provides financial assistance to developers through our Construction Finance Scheme, which offers loans at preferential interest rates. We also offer technical assistance and training programs to help construction companies improve their productivity and profitability.
The tourism sector is an important driver of economic growth in Bihar. BSIDC provides financial assistance to businesses in the tourism sector.
Buy Industrial land/plot in Bihar
BSIDC is the nodal agency of the Bihar government for the promotion and development of industries in the state. It provides various services to investors, including land acquisition, project management, and financing.
BSIDC has been instrumental in setting up a number of industrial estates and parks in Bihar. These estates and parks provide infrastructure and support services to industries. They are well-connected to roads, railways, and airports.
BSIDC has also developed a number of Industrial estates, Industrial parks in bihar, special economic zones (SEZs) in Bihar. These SEZs provide tax and other incentives to investors. They are well-connected to roads, railways, and airports.
If you are looking for an industrial land/plot in Bihar, BSIDC is the best option. It has a large database of available properties. You can search for properties by location, size, price, etc. BSIDC can help you find the perfect plot for your industrial project.
