bihar - business opportunities in india: investment … • covering an area of 94,163 sq km, bihar...
TRANSCRIPT
1
BIHARApril 2010
2
Investment climate of a state is determined by a mix of factors
Investment climate of a state
Resources/Inputs
Incentives to industry Physical and social infrastructure
Regulatory framework
• Skilled and cost-effective labour• Labour market flexibility• Labour relations• Availability of raw materials and natural
resources
• Tax incentives and exemptions• Investment subsidies and other incentives• Availability of finance at cost-effective terms• Incentives for foreign direct investment (FDI)• Profitability of the industry
• Procedures for entry and exit of firms• Industrial regulation, labour regulation, other
government regulations• Certainty about rules and regulations• Security, law and order situation
• Condition of physical infrastructure such as power, water, roads, etc.
• Information infrastructure such as telecom, IT, etc.
• Social infrastructure such as educational and medical facilities
BIHAR April 2010
3
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
Contents
BIHAR April 2010
4
• Covering an area of 94,163 sq km, Bihar is located in the eastern part of India. The state has a population of 83 million and is one of the most densely-populated states in the country.
• It shares borders with Uttar Pradesh, Jharkhand and West Bengal and international border with Nepal.
• The state has 38 administrative districts. Patna is the capital city. Gaya, Bhagalpur, Muzaffarpur and Darbhanga are other key cities in the state.
• The Ganges, one of the major rivers in the Indian sub-continent, flows through the state, making Bihar’s land extremely fertile for agriculture.
• The four agro-climatic seasons and fertile soil of Bihar support cultivation of a wide range of crops.
• The most commonly-spoken languages of the state are Hindi, English, Urdu and Bhojpuri.
Bihar – State profile
Source: Maps of India
ADVANTAGE BIHAR Bihar April 2010
5
Advantage Bihar … (1/2)
High economic growth
Policy incentives
The economy of the state has grown at around 15.2 percent from 2005-06 to 2008-09. The state providesinvestment opportunities in sectors such as agro-basedindustry, foodprocessing, sugar, power, leather, manufacturing andtourism.
The state offers a wide range of policy incentives forbusinesses under the Industrial Policy, 2006. The statealso provides incentives for the sugar, renewableenergy, food processing and the tourism sectors.
Source: Maps of India
Bihar April 2010ADVANTAGE BIHAR
6
Rich labour poolThe state has a large base of industrial labour, making itan ideal destination for wide range of industries.Traditionally, a prominent seat of education, Bihar has anumber of reputed educational institutions in severalfields.
Location advantageThe state enjoys a unique location-specific advantagebecause of its proximity to the vast markets of Easternand Northern India, access to the ports such as Kolkataand Haldia, raw-material sources and mineral reservesfrom the neighbouring states.
Source: Maps of India
Bihar April 2010ADVANTAGE BIHAR
Advantage Bihar … (2/2)
7
Bihar in figures
Parameter Bihar All-states Source
Economy
GSDP as percentage of all states’ GSDP 3.2 100.0 CMIE, 2007-08, current prices
Average GSDP growth rate (%) 13.0 7.5 CMIE, 1999-2000 to 2007-08
Per capita GSDP (US$) 306.6 998.1 CMIE, 2007-08
Physical infrastructure
Installed power capacity (MW) 590.4 98,996.4 Central Electricity Authority,as of March 2009
Broadband subscribers (No) 63,305* 4,981,976 As of October 2008
National highway length (km) 3,642 70,548 Ministry of Road Transport and Highways, 2007-08
Airports (No) 2 133 Industry sources
Social indicators
Literacy rate (%) 47.0 64.8 Census of India, 2001
Birth rate (per 1,000 population) 29.4 23.3 Central Bureau of Health Intelligence, 2007
Ease of doing business
Outstanding investments (US$ billion) 20.8 1,709.7 CMIE, as of December 2008
Industrial infrastructure
PPP projects (No) 2 460 www.pppindiadatabase.com
*Includes JharkhandPPP: public-private partnership
Bihar April 2010ADVANTAGE BIHAR
8
Key industries with policy thrust and factor advantages
Minerals
Tour ismTextiles/ handlooms
Leather
Food processing
Sugar
Medium HighLow
Medium
HighIndustry attractiveness matrix
*Factor advantages include benefits due to geographical location and availability of factors like talent pool, natural resources and capital
*Factor advantage
Polic
y th
rust
Bihar April 2010ADVANTAGE BIHAR
9
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
BIHAR April 2010
Contents
10
Socio-economic snapshot of BiharParameters Bihar
Capital Patna
Geographical area (sq km) 94,163
Administrative districts (no) 38
Population density (persons per sq km) 881.4
Total population (million) 83.0
Male population (million) 43.2
Female population (million) 39.8
Decadal population growth rate (%) 28.4
Sex ratio (females per 1,000 males) 919
Literacy rate (%) 47.0
Male (%) 59.7
Female (%) 33.1
Average life expectancy (years)
Male (years) 61.6
Female (years) 59.7
Sources: CMIE, www.gov.bih.nic.in, Census 2001
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
11
10.8 11.9 12.014.2 15.1 16.3 17.7
23.8
28.5 28.7
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
• At current prices, the Gross State Domestic Product (GSDP) was US$ 28.7 billion. In 2008-09
• Between March 2000 and March 2009, the average annual GSDP growth was 11.5 per cent.
• The state had a robust growth of 15.2 per cent between March 2005 and March 2009.
Source: CMIE
Bihar’s GSDP (US$ billion)
CAGR 11.5%
Bihar’s GSDP
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
12
9.9 10.9 10.913.0 13.7 14.6 15.8
21.4
25.8 26.0
0.0
5.0
10.0
15.0
20.0
25.0
30.0
• In 2008-09, the Net State Domestic Product (NSDP) of Bihar was about US$ 26.0 billion.
• The average NSDP growth rate between 1999-2000 and 2008-09 was about 11.3 per cent.
• This growth has been driven by the services sector including trade, real estate, hospitality and others.
Source: CMIE
Bihar’s NSDP (US$ billion)
CAGR 11.3%
Bihar’s NSDP
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
13
35.527.2
7.65.4
56.967.4
0%
20%
40%
60%
80%
100%
1999-00 2008-09
Primary Sector Secondary Sector Tertiary Sector
• At US$ 17.3 billion, the tertiary sector contributed 67.4 per cent to the GSDP (at current prices) in 2008-09.
• It was followed by the primary sector, contributing US$ 7.0 billion (27.2 per cent), and the secondary sector contributing US$ 1.4 billion (6.8 per cent).
• Tertiary sector is the fastest growing sector. It registered a CAGR of 12.9 per cent from 1999-2000 to 2008-09.
• This growth has been supported by the trade, real estate and hospitality sub-sectors.
Source: CMIE
Percentage distribution of GSDP
CAGR
7.5%
6.8%
12.9%
The tertiary sector has an increasing share in Bihar’s economy
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
14
• Bihar’s per capita GSDP increased almost 2.3 times from US$ 135 in 1999-2000 to US$ 303 in 2008-09.
• A robust tertiary sector has helped Bihar increase its average per capita GSDP by over 9 per cent between 1999-2000 and 2008-09.
• At 13.4 per cent, the state had robust growth in per capita GSDP between March 2005 and March 2009.
• The per capita GSDP has more than doubled during this period. Source: CMIE
Per capita GSDP
Per capita GSDP
135 145 142166 174 184 196
259
306.6 303
0
50
100
150
200
250
300
350
(US$
)
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
15
4.1
11.8
40.7
43.5
5.0
14.6
30.5
49.9
0 20 40 60
R1
R2
R3
R4
Bihar All India
• The per capita income of Bihar was US$ 303 in 2008-09.
• The distribution of households by socio-economic classification (SEC) indicates that a significantly large portion of Bihar’s population falls in the low education and unskilled categories, although there is some concentration at the self-employed and junior-employee levels.
Percentage distribution of households in urban areas by SEC*
Rural
Source: BW Marketing Whitebook, 2009-10* See Annexure for SEC categories
Percentage distribution of households in rural areas by SEC*
3.5
6.7
8.0
8.3
19.9
23.4
11.5
18.6
3.4
6.8
8.5
9.3
16.9
20.3
9.3
25.4
0 10 20 30
A1
A2
B1
B2
C
D
E1
E2
Bihar All India
Urban
Distribution of households by income … (1/2)
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
16
• In terms of ownership of household goods and basic amenities such as sewing machines, in-house toilets, clocks and ceiling fans, rural Bihar lags as compared to all-India levels.
Source: BW Marketing Whitebook, 2009-10
Percentage of rural population owning household goods and basic amenities
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
Distribution of households by income … (2/2)
17
• The natural resources and policy incentives support agro-based sector, which accounts for around 50 per cent of large- and medium-scale industries in terms of gross value added.
• There are 263 large and medium industries, a majority of which are located in Patna. Tirhut is the other major industrial centre.
• The unorganised sector accounts for around 65 per cent of the manufacturing output of the state; unregistered units account for one-third of the total.
Source: Economic Survey of Bihar, 2008-09
Key industries in Bihar
• Food and beverages• Rubber and plastics• Transport equipment• Chemicals• Tobacco• Textiles• Leather• Paper, printing and publishing• Mines and minerals• Dairy• Tea• Sugar
Industrial distribution in Bihar
32.3%
17.9%17.1%
32.7%Food,beverage,tobacco
Cotton, wool, jute, paper, leather
Rubber, plastic, chemicals
Material, metal, machine, transport, equipments
Key industries in Bihar
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
18
Bihar is one among the three large producers of maize and jute
Crop Annual production (‘000 tonnes)
Sugarcane 5,960.0
Rice 4,990.0
Wheat 3,910.0
Maize 1,720.0
Potato 1,178.1
Jute and mesta* 250.2
Rapeseed and mustard
90.0
Gram 50.0
Arhar 40.0
Sunflower seed 30.0
Tobacco 16.1
Castor 2.0
• In 2006-07, the total production of the major crops in the state was over18.2 million tonnes.
• Sugarcane and rice, together, accounted for 61 per cent of total crop production. They were followed by wheat, maize and potato.
• In 2006-07, Bihar was one among the three largest producers of maize, jute and mesta in the country.
*A variety of juteSource: CMIE
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
19
Investments
As of December 2008
Source: CMIE
• As of December 2008, total outstanding investments in Bihar were US$ 20.8 billion.
• The electricity sector accounted for the largest share of investments (64.1 per cent), followed by services (15.7 per cent) and manufacturing (15.4 per cent).
• Between December 2005 and December 2008, 164 investment proposals were approved by the State Investment Promotion Board (SIPB).
• Of these, 15 have been completed and are in operation, one is ready to commence operations and 49 are at advanced stages of implementation.
15.4% 0.5%
64.1%
15.7%
4.1% 0.2%
Manufacturing
Mining
Electricity
Services
Irrigation
Construction
Source: Economic Survey of Bihar, 2008–09
Year SIPB approved proposals (No)
Cumulative No
2006-07 (up to January 2007) 72
2007-08 (up to December 2007) 43 115
2008-09 (up to December 2008) 49 164
Break-up of investments by sector
Bihar April 2010STATE ECONOMY AND SOCIO-ECONOMIC PROFILE
20
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
BIHAR April 2010
Contents
21
Road network• Bihar has 28 national highways covering 3,642
km. The total pucca road length is 46,000 km, of which 60 per cent are village roads, the remaining being district and state roads and national highways.
• The east-west, four-lane, high-speed corridor and the golden quadrilateral road passes through Bihar.
• Under National Highway Development Plan (NHDP-III), 1,105 km of national highways have been identified for upgrading to super-highways.
• According to the state plan, the budgeted outlay for roads and highways is US$ 576 million for 2009-10, up from US$ 541 million for 2008-09.
Source: Maps of India
Bihar April 2010INFRASTRUCTURE STATUS
22
Railway network• Hajipur in Bihar is the headquarter of the East-
Central Railway. The state’s main railway junctions are at Patna, Gaya, Muzaffarpur, Katihar and Samastipur.
• More than US$ 1.1 billion of investment has been planned for the modernisation of the railways in Bihar, including gauge-conversion, doubling of lines and electrification.
• Several link-lines, such as Muzaffarpur-Samastipur-Barauni-Katihar and Muzaffarpur-Chapra-Siwan, have been converted to broad gauge from metre gauge.
Bihar April 2010INFRASTRUCTURE STATUS
Source: Maps of India
23
Airports and waterways … (1/2)
• Bihar has two domestic airports, located in Patna and Gaya.
• Most district headquarters have airstrips or aerodromes; small air taxi or charter services are available from Patna.
• Several domestic airlines connect Patna to Delhi, Kolkata, Mumbai, Lucknow and Ranchi.
Domestic airport
Airports
Source: Maps of India
Bihar April 2010INFRASTRUCTURE STATUS
24
Airports and waterways … (2/2)
• The 1,620 km stretch of the river Ganges – that flows between Allahabad in Uttar Pradesh and Haldia in West Bengal – has been declared ‘National Waterway 1’ and is being developed for navigation by the Inland Waterways Authority of India.
• Patna has a low-level fixed terminal for handling containers. The National Inland Navigation Institute has been set up in Patna to train vessel crews.
• It has been proposed that waterways be used to deliver coal to power plants located on the river-side.
Waterways
Source: Maps of India
Bihar April 2010INFRASTRUCTURE STATUS
25
Telecom infrastructure• Bihar has a tele-density of 22.2 per cent. As of
March 2009, there were 21.1 million subscribers as compared to 11.8 million in 2008.
• Of these, 20.1 million were wireless subscribers and one million were wire-line subscribers.
• As of March 2009, the state had 67,160 public call offices and 9,057 post offices.
Telecom infrastructure in Bihar
Parameter 2009 2008
No of telephone exchanges 1,235 1,223
No of telephone connections (million) 21.1 11.8
No of wire line connections (million) 0.97 0.98
No of mobile phone (million) 20.13 10.87
Tele-density (per 100 population) 22.2 12.6
Source: Department of Telecommunication, Government of India
Source: Cellular Operators Association of India
Major telecom operators in Bihar
Bharat Sanchar
Nigam Limited (BSNL)
Bharti Airtel
Vodafone Essar
Uninor
Reliance Communications
Idea Cellular
Tata Teleservices
Aircel
S Tel
Bihar April 2010INFRASTRUCTURE STATUS
26
Power• As of March 2009, Bihar had total
installed power generation capacity of 590.4 MW, all owned by the state utilities.
• The total installed power capacity comprised of 540 MW of coal based power plants and 50.4 MW of hydro-power plants.
• Apart from the state and private sectors, NTPC, the central sector operator, had plants of another 2,340 MW for thermal power generation in the state.
• Bihar has 63 power grids across seven transmission circles, which are supervised by the Bihar State Electricity Board.
598 598 598 598
629
604
590 590
570
580
590
600
610
620
630
640
2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
Installed state and private capacity (MW)
Source: Central Electricity Authority
Bihar April 2010INFRASTRUCTURE STATUS
27
Urban infrastructure• Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), eight projects costing
US$155 million have been sanctioned for the urban centres such as Patna and Gaya.
• The key areas of development are solid-waste management system, water supply and sewage.
City Water supply Solid-waste management Sewage
Patna • Present per capita water supply of 107 lpcd is planned to be increased to 145 lpcd.
• US$ 116 million sanctioned for Patna and Danapur area for improvement of water supply.
• Solid-waste generated in the city is 646 tpd.
• US$ 10.5 million sanctioned for improvement of solid-waste management.
• Around 170 mld of sewage generated, of which 109 mld is treated.
• Planned investment of US$ 96.5 million for improvement of sewage management.
Gaya • Total water supply in the city is 2.7 mld.
• US$ 7.3 million sanctioned for Gaya to improve water supply.
• Solid-waste generated in the city is 15.5 tpd.
• Planned investment of US$ 2 million for solid-waste management.
• US$ 20.9 has been sanctioned for improvement of sewage management.
lpcd: litre per capita per day, mld: million litre per day, tpd: tonnes per day.Source: Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Ministry of Urban Development, Government of India
Bihar April 2010INFRASTRUCTURE STATUS
28
Key public-private partnership projects
Project name Sector PPP type Project cost (US$ million)
Stage
Kosi bridge project Roads BOT-Annuity 90.9 Construction
Ratu road commercial complex Urban development BOT-Annuity 0.9 Operating
BOT:Build-operate-transferSource: pppindiadatabases.com
Bihar April 2010INFRASTRUCTURE STATUS
29
Education sector• According to the Census 2001, the literacy rate in
Bihar was 47 per cent.
• In 2006-07, total number of students enrolled in primary and upper primary (up to class VII) schools was 15 million; an increase of over 34 per cent since 2003-04.
• In 2006-07, the gross enrollment ratio (GER) among 14-18 years old was 12.8 which is lower than national average of 40.6.
• The prestigious Indian Institute of Technology (IIT) has been established in Patna in 2008-09. The State Government has offered land at Bihta in Patna to set up a campus for the institute.
• The Aryabhatt Gyan Vishwavidyalaya is being established in Bihar. All engineering and management institutes in the state will be affiliated to the university for development.
Education infrastructure in Bihar
• Universities/deemed/open universities: 13
• Research institutions: 11
• Government-aided colleges: 259
• Private colleges: 245
• Engineering colleges: 7
• Medical colleges: 23
• Teacher training colleges: 15
• Other educational institutions: 63
Reputed technical institutes in Bihar
• Indian Institute of Technology , Patna
• National Institute of Technology, Patna
• National Institute of Fashion technology, Patna
Source: Economic Survey of Bihar, 2008-09
Bihar April 2010INFRASTRUCTURE STATUS
30
Health infrastructure• Bihar has around 11,107 health centres of various
categories. There are around 415 rural primary health centres (PHC), 69 urban PHCs, 1,035 additional PHCs and 70 referral hospitals.
• On an average, there are 130 health centres for a population of one million. At the district level, there is a wide variation in health coverage.
• Government initiatives have improved healthcare delivery in the state. Out patient department (OPD) turnout in the government hospitals in rural Bihar has increased from 39 patients per day in 2006 to 4,380 patients per day in 2008.
*Per thousand persons ** Per thousand live birthsSources: Economic Survey of Bihar, 2008-09, Ministry of Health and Family Welfare, Government of India.
Health indicators
Persons served per doctor 20,000
Birth rate* 29.4
Death rate* 7.3
Infant mortality rate** 56
Life expectancy at birth (years)
Male 61.6
Female 59.7
Government initiative in the health sector
• Increase in sanctioned manpower in departments such as Medical, Public Health and Family welfare.
• Higher level of personnel appointments and training.
• Involving private sector in support services related to cleaning, pathology and radiology.
• Free drug distribution and indoor treatment.
Bihar April 2010INFRASTRUCTURE STATUS
31
Cultural infrastructure• According to the ‘Sports Policy, 2007’, the State
Government will take various initiatives to promote sports in the state by augmenting sports infrastructure, providing facilities for coaching and supporting the promising players.
• An international conclave on ‘Experience Buddhism - In the land of its origin’ was organised to give major thrust to cultural tourism and explore potential related to the Buddhist circuits in India, especially in Bihar.
• Bihar Government has released a ‘Cultural Policy’ in 2004, the purpose of which is to preserve and promote local culture.
• There are 19 museums in the state and the State Government has taken steps for their development.
Major museums in Bihar
• Patna Museum, Patna
• Chandra Dhari Museum, Darbhanga
• Gaya Museum, Gaya
• Nardhaha Museum, Nawada
• Bhagalpur Museum, Bhagalpur
• Maharaja Lakshimshwar Sing Museum, Darbhanga
• Sitaram Upadhya Museum, Buxar
• Bihar Sharif Museum, Nalanda
• Chandra Sekhar Singh Museum, Jamui
• Ramchandra Shahi Museum, Muzaffarpur
Source: Youth, Art & Culture Department, Government of Bihar
Bihar April 2010INFRASTRUCTURE STATUS
32
Industrial infrastructure … (1/3)• The Bihar Industrial Area Development Authority (BIADA) is responsible for promoting and assisting the
rapid development of industries in the industrial areas and estates.
• In order to provide quick services to entrepreneurs, operations of BIADA has divided in four regions –Patna, Muzaffarpur, Darbhanga, Bhagalpur.
• Regional offices, under the guidelines of head office, develop industrial area, industrial growth centres and implement projects
Source: BIADA
Region Industrial area (No) Total Land (Acre)
Vacant Land (Acre)
Largest Vacant Land (Acre)
Patna 17 1506.2 175.6 50
Bhagalpur 12 1236.3 261.6 150
Darbhanga 11 899.8 491.5 392.5
Muzaffarpur 7 1040.4 284.0 8.1
Bihar April 2010INFRASTRUCTURE STATUS
33
• BIADA is developing industrial growth centres across the state, which will have the infrastructure to promote industries in sectors such as agro-processing, light engineering, electronics, repairs and servicing and garments.
The other projects planned by BIADA are as follows:
• Establishment of food park at Begusarai (100 acres) and Hazipur (100 acres).
• Establishment of mega industrial park at Bihta (100 acres) and Hazipur (100 acres).
• Implementation of District Rural Industries Project in six districts.
• Construction of an integrated textile park.
Source: Economic Survey of Bihar, 2008-09
Industrial growth centres in Bihar
• Khalgaon
• Begusarai
• Aurangabad
• Gidha
• Maranga (Purnia)
• Khagaria
Bihar April 2010INFRASTRUCTURE STATUS
Industrial infrastructure … (2/3)
3434
Centres Industries
Patna
Major agricultural centre of trade exporting grain, sugarcane, sesame and medium-grained rice; has also emerged as a manufacturing hub in Bihar with the highest number of industrial units.
Tirhut Has the second-highest number of units in the state; food/beverage processing and manufacturing units are located here.
Muzaffarpur Important trade centre for cloth; famous for exporting fruits, particularly, mango and litchi.
BarauniHas major industrial units including those of Indian Oil Corporation’s refinery; a thermal power station has been proposed to be set up.
Bhagalpur
Famous worldwide for tussar silk; trading of agricultural produce and cloth is an important economic activity. Other major industries include rice, sugar milling and wool weaving.
Gaya Major weaving centre, important tourist hub
Source: Economic Survey of Bihar, 2008–09
Industrial clusters in Bihar
Manufacturing
Textile/Sericulture
Sugarcane
Agro-based industries (except sugarcane)
Bihar April 2010INFRASTRUCTURE STATUS
Industrial infrastructure … (3/3)
35
Infrastructure investments
Infrastructure type Investments (US$ million)
Power* 5,199.7
Roads 66.3
Oil and Gas 7.4
Railway 1,101.8
Air transport 0.8
Total 6,375.9
*Generation and distributionSource: CMIE
• As of December 2008, the total investments in Bihar’s infrastructure sector were over US$ 6.3 billion.
• Over 81 per cent of investments in infrastructure were in the area of power generation and distribution.
• About 17 per cent of the investments were in the railways sector.
• Other infrastructure sectors where investments have been made are road, oil, gas and air transport.
Bihar April 2010INFRASTRUCTURE STATUS
36
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
BIHAR April 2010
Contents
37
Industrial Policy, 2006
Aim: To establish new industries and revive sick units, provide conducive environment to attract domestic and foreign investment and provide environment for a balanced development of the state.
Key initiatives and objectives:
• Creation of corpus fund along with commercial bank and industry association for the revival of sick -and closed-units . A state-level committee will decide on concessions and/or exceptions to be provided for rehabilitation of concerned units.
• Single-window clearance system to be provided.
• Infrastructure Development Enabling Act, 2006, for development of infrastructure through private participation.
• Establishment of land bank to meet requirements of industries and development schemes.
• Enhancement of competitiveness of industrial units through pre- and post-production incentives.
• Incentives to handloom sector industries.
• To develop handicrafts, handloom, khadi, silk and village industries.
• Provision of self-certification to simplify inspection of factories.
Sector specific policies … (1/6)
Bihar April 2010STATE POLICIES AND INCENTIVES
38
Industrial Policy, 2006 (continued)
Key incentives:
• Exemption from stamp duty and registration fee; provision of reimbursement of value-added tax (VAT).
• Reimbursement of 50 per cent of cost on preparation of project report, up to US$ 1,630.
• Incentives on purchase of land and sheds:
• For small or tiny units at 50 per cent of the cost, up to a maximum of US$ 163,043.
• For medium to large units at 25 per cent of the cost, up to a maximum of US$ 326,087.
• Incentive grant of up to 50 per cent for expenditure on plant and machinery for captive power generation units.
• Electricity duty exemption for five years for captive generation of power for new units.
• Exemption from luxury tax, electricity duty, conversion charge and market fee for seven years.
Bihar April 2010STATE POLICIES AND INCENTIVES
Sector specific policies … (2/6)
39
Food Processing Policy
Objectives: To address the infrastructure, technology, skills and marketing constraints being faced by rice, maize, pulses, honey, makhana, fruits and vegetables, and other food processing units in the state by facilitating the setting up of new food processing units. To aid the expansion and up-gradation of existing units.
Key incentives:
• Grant of US$ 3.25 million or up to 20 per cent of the total project cost, whichever is less, for setting up food parks.
• Grant up to 40 per cent of the project cost, subject to a maximum of US$ 2.17 million, for a special purpose vehicle (SPV) for a common cluster infrastructure and up to 35 per cent of the project cost, subject to a maximum US$ 1.08 million, for an individual investor.
• For expansion and capacity increase of existing units, the benefits of the scheme will only be available if the expansion project leads to capacity addition of at least 50 per cent.
Bihar April 2010STATE POLICIES AND INCENTIVES
Sector specific policies … (3/6)
40
Sugar Incentive Package
Objectives: The package aims at reviving the sugar industry by building on the factor advantages of the state.
Key incentives:
• Re-imbursement of central excise duty on sugar for five years.
• Exemption from purchase tax on sugarcane for five crushing-years.
• Exemption from stamp duty and registration fees for land transfer.
• Subsidy of 10 per cent on capital investment or a maximum of US$ 2.2 million, whichever is less, on machinery after completion of first year of commercial production.
• Incentive package for distillery and ethanol as well as co-generation of power.
Bihar April 2010STATE POLICIES AND INCENTIVES
Sector specific policies … (4/6)
41
Bihar Tourism Policy
Objectives: The policy aims at promotion and development of tourism in Bihar and to transform tourism industry as a vital part of vibrant economic activities of the state.
Key initiatives:
• The State Government will prepare an area-based master plan for developing infrastructure that are necessary for the tourist destinations. The department of tourism will formulate a 20-year master plan with future projection for development of tourism in the state.
• All facilities and incentives available for industry will apply to investment in tourism sector.
• The state will promote private investment for setting up hotels and heritage hotels. The State Government will explore and develop possibilities of launching a paying-guest scheme.
• Rules and regulations for land allotment will be simplified to create tourism infrastructure.
• The Department of tourism would identify potential tourist destination where religious fairs and festivals are an integral part of culture and would promote such destinations.
• Tourist information centres will be equipped with the modern information and communication technology devices.
• The State Government will promote weekend tourism, wildlife tourism, aqua tourism and rural tourism.
• Human resources required for growth of tourism will be developed.
Bihar April 2010STATE POLICIES AND INCENTIVES
Sector specific policies … (5/6)
42
Policy guidelines for private sector participation for developing non-conventional energy sources
Objectives: To encourage private sector participation in decentralised generation of grid-grade power, through the use of the available inputs for renewable and non-conventional energy sources such as solar, wind, water, biomass and other wastes.
Key initiatives:
• Any industry, institution, private agency, partnership firm, consortium, panchayat, cooperative society or registered societyinterested in installing and generating electricity from non-conventional energy sources – such as mini- and micro-hydro plants, solar-thermal plants, solar-photovoltaic system, bio-mass plants, bagasse-based plants, wind plants, cogeneration plants, municipal and industrial waste plants – will be eligible for availing of incentives under the scheme.
• The Bihar State Hydro-electric Power Corporation (BHPC) and/or Bihar Renewable Energy Development Agency (BREDA) will provide necessary information and assistance regarding identification and selection of feasible sites.
• The project will be treated like any other industry and incentives/concessions applicable to new industrial units will be available according to the industrial policy.
• There will be no restriction on power generation capacity or supply of electricity to the grid.
Bihar April 2010STATE POLICIES AND INCENTIVES
Sector specific policies … (6/6)
43
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
Company logos cited in this section are registered trademarks of the respective companies.
BIHAR April 2010
Contents
44
Food processing and dairy• Bihar is one of the largest producers of vegetables and fruits
in the country. The factor advantages of the state make it a suitable place for setting up units in the food processing sector.
• The state is one of the leading producers of banana, mango, litchi and vegetables such as onions, tomato, potato, egg-plant and makhanas in the country.
• Food processing is a priority sector for the State Government; up to 40 per cent of the project cost for setting up food processing units is subsidised by the State Government.
• Besides food processing, the State Government promotes cooperative marketing of milk and dairy products.
Key players
COMPFED
Usher Agro Limited
Bihar April 2010BUSINESS OPPORTUNITIES
45
Food processing and dairy – company profiles
COMPFED — Bihar State Cooperative Milk Producer’sFederation
• COMPFED is an organised milk processing cooperative, which collects milk through district level cooperative unions, processes and markets the same.
• It also supports members with interventions across technology, supply chain, marketing, training, etc.
• In 2007, COMPFED covered four districts directly and 22 districts through five district level cooperative unions.
• COMPFED procures around one million litres of milk per day.
Usher Agro Limited • Usher Agro Limited is one of the large basic food grain (rice and wheat) processing companies in India.
• The company established its rice processing mill in Buxar, Bihar in 2003.
• The products of the company are sold under the brand name ‘Rasoi Raja’.
Bihar April 2010BUSINESS OPPORTUNITIES
46
Chemical, oil and gas• The major drivers of chemical, oil and gas industry
in Bihar are proximity to sea ports – Kolkata and Haldia, availability of labour, and the vast market of eastern India.
• Petroleum remains a large contributor to the state’s GSDP as it has one of the largest public sector refineries in the country, that of Indian Oil Corporation Limited (IOCL).
Key players
Krishi Rasayan Exports Private Limited
Graphite India Limited
Indian Oil Corporation
Bihar April 2010BUSINESS OPPORTUNITIES
47
Chemical, oil and gas – company profiles
Krishi Rasayan Exports Private Limited (KREPL)
• KREPL is one of the major agri-chemical manufacturer, with five composite technical manufacturing units. In 2008, the total revenue of the company was US$ 63 million.
• In 1973, the company set up its plant at Muzaffarpur in Bihar for producing dusting powder formulation.
• The company operates a poultry feed unit in Muzaffarpur with capacity of form. 150 tonnes per day in pellet
Graphite India Limited (GIL)
• GIL was incorporated in 1963. The company has nine plants located across India and producing graphite products, coke and power.
• The coke division of the company at Barauni in Bihar is engaged in manufacture of calcined petroleum coke (CPC) and has installed capacity of 30,000 tonnes per annum.
• In 2008-09, the company produced 28,350 tonnes of calcined petroleum coke.
Indian Oil Corporation Limited (IOCL)
• IOCL is India’s leading petroleum refinery and a Fortune 500 company. It has a refinery at Barauni, with an annual capacity of six million metric tonnes.
• Secondary processing facilities, such as a resid-fluidised catalytic cracker, diesel hydro-treating and a sulfur-recovery unit, have been added to the main refinery.
• The 498-km long Haldia-Barauni crude oil pipeline (HBCPL) receives crude oil at the Haldia oil jetty and transports it to the Barauni refinery.
Bihar April 2010BUSINESS OPPORTUNITIES
48
• Sugar plays a prominent role in Bihar’s economy; the north of the state is climatically well-suited for producing good quality sugarcane with minimum inputs as compared to other states.
• In 2006-07, about 117,000 hectares were under sugarcane production and the state produced about 5.96 million tonnes of sugarcane.
• It is estimated that about 500,000 farmers are engaged in sugarcane cultivation and another 50,000 skilled and unskilled labours are working in sugar mills.
• The State Government offers incentive package to the sugar industry. The Sugarcane Institute in Pusa and Rajendra Agricultural University are engaged in sugarcane-related research activities.
Sugar
Key players
K. K. Birla Group
Riga Sugar Company Limited
Vishnu Sugar Mills Limited
Eastern Sugar & Industries Limited
Bihar April 2010BUSINESS OPPORTUNITIES
49
K. K. Birla Group • The K K Birla Group’s sugar company, Upper Ganges Sugar (UGSIL), has two units in Bihar –Bharat Sugar Mills at Sidhwalia, with a crushing capacity of 5,000 tonnes per day (tpd) and Hasanpur Sugar Mills at Hasanpur, with a crushing capacity of 3,000 tonnes per day.
• The Sidhwalia unit also has a 18 MW cogeneration power plant.
Riga Sugar Company Limited
• The company belongs to the P. L. Dhanuka group and was incorporated in 1980.
• It manufactures ethyle alcohol, molasses and sugar at Sitamarhi in Bihar.
• The plant has crushing capacity of 5,000 tonnes per day.
Vishnu Sugar Mills Limited
• The company is promoted by the Bajoria family and was incorporated in 1932.
• It manufactures molasses and sugar at Gopalganj in Bihar.
• The plant has crushing capacity of 3,500 tonnes per day.
Eastern Sugar & Industries Limited
• The company was incorporated in 1932.
• It manufactures molasses and sugar at Purba Champaran in Bihar.
• The plant has crushing capacity of 2,500 tonnes per day.
Sugar – company profiles
Bihar April 2010BUSINESS OPPORTUNITIES
50
Manufacturing industry• Consequent to the bifurcation of Bihar, the state lost most
of its large units (mostly mining and engineering units) to Jharkhand.
• Currently, the state has leather, textile and handloom industries as its prominent sectors, apart from some engineering units.
• The state has ample raw materials (hides and skin of livestock), technical skills (leather technology institutes) and manpower, which are the major drivers for leather industry in the state.
Key players
Bata Industries
Bharat Wagon and Engineering Company
Gangotri Iron & Steel Company
Bihar April 2010BUSINESS OPPORTUNITIES
51
Manufacturing industry – company profiles
Bata Industries • Promoted by the Toronto-based Bata Shoes, Bata is among India’s largest manufacturer and marketer of footwear products.
• The company has a tannery at Mokamehghat in Bihar and a leather footwear factory at Bataganj in Patna.
Bharat Wagon and Engineering Company
• The Bharat Wagon and Engineering Company is a part of Bharat Bhari Udyog Nigam, a Government of India undertaking . It has a over 50 years of experience in heavy-steel fabrication.
• It has two units at Mokama and Muzaffarpur, which are ISO 9001 certified for manufacturing wagons; a third unit at Muzaffarpur manufactures gas cylinders. All threeplants have captive-power generation capacity.
Gangotri Iron & Steel Company
• The company produces mild steel (MS) bars and billets.
• In 2009, the company produced 19,665 tonnes of MS bar and 8.888 tonnes of MS billet.
• In January 2009, the company set up a new unit in Bihta, in Bihar and the company has production capacity of 145,000 tonnes of MS bar, 108,900 tonnes of MS billet and 540,000 cubic metre of oxygen.
Bihar April 2010BUSINESS OPPORTUNITIES
52
Tourism … (1/2)• The state has a rich cultural heritage as it is
associated with pilgrimages related to religious gurus such as the Buddha, Mahavir, Guru Gobind Singh, and other historical monuments.
• Tourism in the state revolves around the Buddhist circuit (Bodhgaya, Rajgir, Nalanda), the Jain circuit (Bisram, Mandar hill, Champanagar) and the Sufi circuit.
• Monuments of historical and religious significance present tremendous potential for attracting both domestic and foreign tourists.
• The state’s tourism policy stresses on developing infrastructure and financing for tourism.
• The Bihar Government is preparing a 20-year master plan for promotion and development of tourism in the state.
Source: Maps of India
Bihar April 2010BUSINESS OPPORTUNITIES
53
• In an effort to promote tourism in the state, the Department of Tourism, Government of Bihar, along with the Ministry of Tourism, Government of India, organised an international buddhist conclave in Nalanda and Rajgir.
• The state is also developing the Buddhist tourist circuit (Bodh-Gaya-Rajgir-Nalanda) with an assistance of US$ 4.6 million from the Central Government.
• In 2007, the total number of tourist arrival was around 10.5 million. Arrivals have been growing at around 9.7 per cent over previous two years.
8687.227774.732
10352.887
0.0
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
2005 2006 2007
63321
84942
177362
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
2005 2006 2007
Arrival of domestic tourist in Bihar Arrival of foreign tourist in Bihar (No)
Source: Ministry of Tourism, Government of India
Bihar April 2010BUSINESS OPPORTUNITIES
Tourism … (2/2)in
'000
54
Major industrial projects being implemented
Project Sector Promoter Investment(US$ million) Location
Kahalgaon-II transmission line Power distribution
Power Grid Corporation of India Limited (PGCIL) 3,867.8 Kahalgaon -
Biharsharif
Kahalgaon-North Karanpura-Barh composite transmission line
Power distribution
PGCIL 2,000.0Kahalgaon-North Karanpura
Barh power project Power NTPC Limited 1,889.7 Barh
Nabinagar power project Power Bharatiya Rail Bijlee Co Limited 1,087.0 Nabinagar
Basic telecom sevices projectTelecom services Tata Teleservices Limited 1,087.0 Partially in Bihar
Patna Ganga railway bridge project Railways East Central Railway 181.5 Sonepur
Sub-transmission and distribution project
Power distribution Bihar State Electricity Board 178.9 Bihar
Sugar (Paschimi Champaran) project
Sugar Globe Sugar Refinery Limited 173.9 Champaran
Araria-Galgalia railway line project Railways North Eastern Railway 115.2 Galgalia
Sugar (Betiah) project Sugar Moria Sugar Private Limited 108.7 Betiah
Source: projectstoday.com
Bihar April 2010BUSINESS OPPORTUNITIES
55
Key industrial projects being planned
Project Sector Promoter Investment(US$ million) Location
Pirpainti thermal power project Power Nalanda Power Company 2,173.9 Pirpainti
Nabinagar thermal power project Power Bihar State Electricity Board 1,956.5 Nabinagar
Coal-based power (Buxar) project
Power Krishak Bharati Co-Op. Limited 1,304.4 Buxar
Hathiadah and Durgawati pumped storage (hydel) power project
Power Bihar State Hydro-Electric Power Corporation Limited 933.4 Bhabhua
Diesel locomotive (Marhowra) project
Manufacturing Ministry of Railways, Government of India 591.1 Marhowra
Thermal power (Barauni) project Power Vikash Metal & Power Limited 543.5 Barauni
Electric locomotive factory (Madhepura) project
Manufacturing Central Government 426.2 Madhepura
Khagaria- Bakhtiarpur NH-31 road project
Roadways National Highways Authority of India 383.9 Bakhtiarpur
Integrated steel (Begusarai) project
Finished steel Vikash Metal & Power Limited 326.1 Begusarai
High sulphur crude maximisation project
Refinery Indian Oil Corporation Limited 171.7 Barauni
Hospital-cum-medical college (Bihta) project
Hospitals Employees' State Insurance Corporation 138.5 Bihta
Water supply scheme (Patna)Water and sewerage
pipeline Government of Bihar 95.9 Patna
Source: projectstoday.com
Bihar April 2010BUSINESS OPPORTUNITIES
56
Advantage Bihar
State economy and socio-economic profile
Infrastructure status
State policies and incentives
Business opportunities
Doing business in Bihar
BIHAR April 2010
Contents
57
Key approvals required … (1/2)
Approvals and clearances required Departments to be consulted Estimated time in days
Incorporation of company Registrar of companies NA
Registration, Industrial Entrepreneurs Memorandum (IEM), industrial licenses Nodal agency (Industries Department) NA
Allotment of land Bihar Industrial Area Development AuthoritySeven to 21 days (up to 90 days for acquisition of non-industrial land)
Permission for land use Revenue and Land Reforms Department, Government of Bihar
30 days (45 days for conversion of non-industrial land for use)
Registration under Factories Act and Boilers Act
Offices of Inspector of Factories, Inspector of Boilers Up to 120 days
Site environmental approval, No objection certificate and consent under Water and Pollution Control Acts
Bihar State Pollution Control Board and Ministry Of Environment And Forests, Government of Bihar
60 days
Approval of construction activity and building plan
Urban Development and Housing Department, Government of Bihar Seven days
NA: not available
Bihar April 2010DOING BUSINESS IN BIHAR
58
Approvals and clearances required Departments to be consulted Estimated time in days
Sanction of power Bihar State Electricity Board Up to 30 days
Sanction of water Water Resources Department, Government of Bihar Up to 30 days
Fire service clearance State Fire Service Headquarters, Government of Bihar Up to 15 days
Registration under state’s sales tax act, and central and excise acts
Sales tax department, central and state excise departments Seven days
Bihar April 2010DOING BUSINESS IN BIHAR
Key approvals required … (2/2)
59
Cost of doing business in Bihar
Cost parameter Cost estimate Source
Industrial land (per acre) US$ 384,780 in Patliputra, US$ 83,700 in Muzaffarpur
Bihar Industrial Area Development Authority
Labour (per man year) US$ 825 to US$ 1,275 Labour Resources Department, Government of Bihar
Office space rent (per sq ft per month)
US 20 cents to US 35 cents Property dealers
Residential rent (2,000 sq foot per month)
US$ 145 to US$ 280 Property dealers
Five-star hotel room (per night) US$ 100 to US$ 180 Leading hotels in the state
Commercial and industrial electricity (per kWh)
Industrial: US 8.8 cents to US 9.2 centsCommercial: US 9.1 cents to US 10.5 cents
Bihar State Electricity Board
Bihar April 2010DOING BUSINESS IN BIHAR
60
Single-window approval mechanism• Bihar Single Window Clearance Act, 2006, and the Bihar Industrial Policy, 2006, promote industrial
growth by giving rapid clearances, issuing of licenses and certificates and providing an overall investor-friendly environment in the state .
• The Industries Department of the state and the District Investment Centre (DIC) act as nodal agencies for investments.
• Proposals for investment greater than US$ 21.7 million are routed through Chief Minister and the Cabinet for approval.
Investment handled Body Chairman Nodal agency
US$ 2.17 million to US$ 21.7 million
State-level investment promotion
board
Industries Development Commissioner
Industries Development (Udyog Mitra) – state level
Below US$ 2.17 million District-level committee
District Collector DIC – district level
Bihar April 2010DOING BUSINESS IN BIHAR
61
Key investment promotion offices … (1/2)
Industry Department,
Government of Bihar
• State-level nodal body under the single-window regime for investments of above US$ 2.17 million.
• Primary functions involve coordinating applications from investors, and processing and facilitating the process of getting clearances from various departments.
• Industry Department, headed by the Principal Secretary, supervises district industry centres (DIC), industrial area development authorities and industrial premises in the state.
District Industry Centre
(DIC)
• District-level nodal agency for investments below US$ 2.17 million.
• DIC supports entrepreneurs in identifying local resources, supply of raw materials and equipment, arrangement of credit facilities, marketing, quality control, etc.
Bihar Industrial Area
Development Authority
(BIADA)
• BIADA develops infrastructure for industries in segments such as roads, drainage, water, power, etc.
• Supports entrepreneurs in setting up industries and in availing incentives offered by the State Government.
Bihar April 2010DOING BUSINESS IN BIHAR
62
Bihar State Finance
Corporation
• The main state-level institution that provides term lending facilities to industrial entrepreneurs.
• The corporation has been revived to supplement the role of banks in lending to industries.
Bihar State Electricity Board
(BSEB)
• The board is responsible for the synchronised development of generation, transmission and distribution of power in the state.
Bihar State Pollution Control
Board
• The purpose of the organisation is prevention and control of pollution through inspection of treatment plants, standards application, research and developmentactivities, etc.
• Headquartered at Patna, the organisation has seven zonal-offices.
Bihar April 2010DOING BUSINESS IN BIHAR
Key investment promotion offices … (2/2)
63
Contact list … (1/2)
Key agency Contact Information
Industries Department,Government of Bihar
Vikas BhawanBailey Road, Patna - 800 001, Bihar.Phone: 91-0612-2215 211Fax: 91-0612-2217 991Website: http://industries.bih.nic.in/
Bihar State Finance Corporation Bihar State Finance CorporationFraser Road, Patna - 800 001, BiharPhone: 91-0612-2332 210Fax: 91-0612-2217 991E-mail: [email protected]: http://bsfc.bih.nic.in/
Bihar April 2010DOING BUSINESS IN BIHAR
64
Key agency Contact Information
Bihar State Electricity Board (BSEB) Bihar State Electricity Board (BSEB)Vidyut Bhawan, Bailey Road, Patna - 800 001, Bihar.Phone: 91-0612-2504 610Website: http://bseb.bih.nic.in/
Bihar Industrial Area Development Authority (BIADA)
Bihar Industrial Area Development Authority Udyog Bhawan, First floor,East Gandhi Maidan,Patna - 800 004, Bihar Phone: 91-0612-2302 914 Fax: 91-0612-2302 989 E-mail: [email protected], [email protected], Website: http://www.biada.in
Bihar State Pollution Control Board Bihar State Pollution Control BoardBeltron Bhawan, Shastri NagarJawahar Lal Nehru Marg,Patna - 800 023, BiharPhone: 91-0612-2302 914 Fax: 91-0612-2281250 Email: [email protected], Website: http://wgbis.ces.iisc.ernet.in
Bihar April 2010DOING BUSINESS IN BIHAR
Contact list … (2/2)
65
Annexure … (1/3)
Source: Market Research Society of India
Education/Occupation
Illite
rate
Scho
ol u
p to
four
ye
ars/
lite
rate
, bu
t no
form
al
scho
olin
g
Scho
ol u
p to
five
to n
ine
year
s
SSC
/HSC
Cer
tific
ate
cour
se,
but n
ot g
radu
ate
Gra
duat
e/po
st
grad
uate
ge
nera
l
Gra
duat
e/po
st
grad
uate
prof
essio
nal
Unskilled workers E2 E2 E1 D D D D
Skilled workers E2 E1 D C C B2 B2
Petty traders E2 D D C C B2 B2
Shop owners D D C B2 B1 A2 A2
Entrepreneurs: employee none D C B2 B1 A2 A2 A1
Entrepreneurs: employee < 10 C B2 B2 B1 A2 A1 A1
Entrepreneurs: employee > 10 B1 B1 A2 A2 A1 A1 A1
Self-employed professionals D D D B2 B1 A2 A1
Clerical/salesman D D D C B2 B1 B1
Supervisory level D D C C B2 B1 A2
Officers/executives: junior C C C B2 B1 A2 A2
Officer/executive: middle/senior B1 B1 B1 B1 A2 A1 A1
Socio-economic classification (SEC) of urban and rural households – urban grid
Bihar April 2010DOING BUSINESS IN BIHAR
66
Source: Market Research Society of India
Socio-economic classification (SEC) of urban and rural households – rural grid
Education
Type of house
PuccaSemi-pucca Kuccha
Illiterate R4 R4 R4
Literate but no formal school R3 R4 R4
Up to fourth standard R3 R3 R4
Fifth to ninth standard R3 R3 R4
SSC/HSC R2 R3 R3
Some college but not graduate R1 R2 R3
Graduate/post-graduate (general) R1 R2 R3
Graduate/post-graduate (professional) R1 R2 R3
Bihar April 2010
Annexure … (2/3)
DOING BUSINESS IN BIHAR
67
Year INR equivalent of one US$ 2000 46.6
2001 48.3
2002 48.0
2003 45.6
2004 43.7
2005 45.2
2006 45.0
2007 42.0
2008 40.2
2009 46.0
Exchange rate
Average for the years
Bihar April 2010
Annexure … (3/3)
DOING BUSINESS IN BIHAR
68
India Brand Equity Foundation (“IBEF”) engagedICRA Management Consulting Services Limited (IMaCS) to prepare this presentation and the same has been prepared by IMaCS in consultation with IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this
presentation to ensure that the information is accurateto the best of IMaCS’s and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice.
IMaCS and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither IMaCS nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation.
BIHAR April 2010
DISCLAIMER