Bare Act

The Bihar Industrial Investment Promotion Act, 2016

The Bihar Industrial Investment Promotion Act, 2016 is a legislative measure designed to encourage industrial development within the state of Bihar. It establishes a State Investment Promotion Board to oversee investment proposals and policies, while outlining procedures for registering industrial units under specific conditions. The Act applies to entrepreneurs, manufacturers, and investors establishing or operating industrial facilities in Bihar. By creating structured mechanisms for investment promotion and clearance, the legislation aims to create a more favorable business environment, attract domestic and foreign capital, and ultimately stimulate economic growth and employment generation in the state.

PDF: pending for this language.