Nitish Kumar woos investors to boost Bihar’s silk sector
Bihar Chief Minister Nitish Kumar on Monday said the silk sector has a lot of potential and invited investors, promising them all help from the state government for establishing their units. He added the government was committed to strengthening the traditional industries in the state.
Bihar, considered a cash-strapped state which has demanding a special category status for the past several years, is now trying to harness traditional and small-scale industries after it has found little success in attracting big investors despite its lucrative industrial policies.
Following enforcement of total prohibition on April 5, 2016, the state also lost on its excise revenue, which made it mandatory for Bihar to look at smaller industries such as food-processing, garment etc, to fill its coffers.
In Bihar, Bhagalpur, also popular as “Silk City”, once had a flourishing silk industry, with the Bhagalpuri silk famous across the globe. However, the sector has lost its sheen, with very few weavers left in the area as they hardly break even. “Silk, handloom and powerloom have a lot of potential for growth and can provide employment to a large number of people in the state. We have already seen the growth in tussar silk where we provided …read more