- Industries share in the gross state domestic product (GSDP) in Bihar has grown to 17.5% in 2011-12, according to state Industries Minister Renu Kumar today. The industries‘ contribution to GSDP stood at Rs 28,645 crore compared to Rs 24,494 crore in the last fiscal which was a growth of 16.95% on the price base of 2004-05.
- Under industrial promotion policy, the state government was providing subsidy of upto 35% of the cost of projects, while it was at around 50% for captive power plants. Besides, there was provision of 60% subsidy for setting up power plants through renewable energy sources, the minister added.
HT III- Topic 2: Bihar Budget 2012~Industrial growth @ 16.95% 3 comments