Patna, March 3 (KNN) Bihar’s State Industries Minister Syed Shahnawaz Hussain has said that a new textile policy will be formulated soon by the state government to accelerate the potential of the textile sector.

He said this while addressing the annual meeting of Confederation of Indian Industry (CII), wherein the minister claimed that the state has received industrial investment proposals worth Rs 40,000 crore in last one year and many big industrial units will be launched here in the next two months.

“We will also inaugurate the Begusarai Pepsi Plant set up by Varun Beverages in the first week of April, which will be the fastest production plant set up in a record time in the history of Pepsi,” Minister Shahnawaz said. 

He highlighted the strength of Bihar being its skilled workers, who work all over the country.

“Where there are workers, there are factories. Therefore, we are planning to develop more factories in the state for them to work,” he added.

The theme of this year’s CII’s Bihar annual Meeting was ‘Advantage Bihar- Sankalp Se Sidhhi: Bihar @75’. 

The meeting was addressed by several eminent personalities from CII, healthcare, academia, economics, agricultural and rural development.

Silk is the focus product in Bihar, for textile units and the state has been famous for the production of silk.

Bhagalpur district of Bihar has been a centre of silk fabric manufacturing. Tassar silk of Bhagalpur is an exclusive product of Bihar which has the potential to fetch premium prices. Bihar had produced around 60 tonnes silk during 2014-15.  (KNN Bureau)