PATNA: State industries minister Shahnawaz Hussain on Monday said relevant amendments had been made in the Bihar State Industrial Incentive Policy (SIIP), 2016, to make it compatible with the new demands and promote private investment in the industrial sector.
Noting that the 2016 SIIP would be effective till March 31, 2025, Hussain said it had been duly amended to facilitate private investment in ethanol production, which, in turn, will boost sugarcane farming in the state.
He said the agriculture department has also made relevant amendments to entice investment in the agro-processing units. “Incentives have also been provided for the establishment of private industrial parks,” he added.