Bihar to open doors for NRI investments



PATNA, OCTOBER 23, 2004
IANS

After nearly a decade, Bihar is again eyeing NRI investments.Chief Minister Rabri Devi and her husband, Railway Minister Lalu Prasad, might attend the third Pravasi Bharatiya Diwas or International Diaspora Day, to be held in Mumbai between January 7-9 to personally woo investors.


The state government has directed officials to prepare a report on the potential for NRI investment in areas like agriculture, health, IT and infrastructure.

"We are working out the strategy to persuade NRIs to make investments in the state," Bihar development commissioner G.S. Kang said.

As Chief Minister in 1995, Lalu Prasad had undertaken a foreign trip to woo NRIs but nothing came of it.

Large numbers of NRIs who trace their roots to Bihar reside in Britain, Canada and the US, besides in Arab countries. A number of Bihari NRIs also work with international organisations like the World Bank, IMF and UN, besides major multinationals.