The reverse logic of finding business in Bihar’s misery — the state has a pharmaceutical consumer market worth Rs 2,000 crore — possibly missed the mind of captains of Indian industry who had assembled here yesterday for the first meeting of Bihar Development and Investment Promotion Council (BDIPC), a think-tank to suggest ways to develop the state.
They saw a good opportunity in this sector as well since the quantum of medicine consumption in Bihar is among the highest in India. But the high ranking is a result of poor healthcare delivery system in a state where the medical profession has seen a high rate of commercialisation too.
BDIPC vice-chairman N.K. Singh today attempted to make amends in what had passed as a good business opportunity yesterday. “The chief minister raised the same point. High drug consumption is a problem, not a chance,” Singh said, without stressing if there had been an error of judgement.
At yesterday’s hasty briefing, the opinion of the Bihar-based entrepreneurs with respect to the BDIPC’s attempts also did not come out clearly as the government stressed on the Public-Private Partnership (PPP) model to invite investments.
The Bihar Industries Association, whose president finds a place on two of the 12 committees for “A biding Initiatives”, today said he was all for a supplementary PPP model.
“The local entrepreneurs may not be ready for the mega scale investments but we can be active partners in small and medium ventures, say up to Rs 100 crore. We want that outside investors should act in tandem with the local promoters,”BIA president K.P.S. Keshri said.
The think-tank unanimously resolved that there was a major improvement in the crime-control situation under the Nitish Kumar administration and this was a giant leap for putting the state on the threshold of development.
“The state requires a consistent 8.5 per cent growth rate and the key lies in developing basic infrastructure. Stress on education and leveraging the state’s travel and tourism advantage should form the key,” said ICICI Bank chief K.V. Kamath, whose organisation has been doing brisk business in the state.
Mahindra and Mahindra Group head Anand Mahindra promised that actual announcement of projects would begin soon.
The BDIPC vice-chairman today clarified that the state expected the council to meet once or twice a year.
They saw a good opportunity in this sector as well since the quantum of medicine consumption in Bihar is among the highest in India. But the high ranking is a result of poor healthcare delivery system in a state where the medical profession has seen a high rate of commercialisation too.
BDIPC vice-chairman N.K. Singh today attempted to make amends in what had passed as a good business opportunity yesterday. “The chief minister raised the same point. High drug consumption is a problem, not a chance,” Singh said, without stressing if there had been an error of judgement.
At yesterday’s hasty briefing, the opinion of the Bihar-based entrepreneurs with respect to the BDIPC’s attempts also did not come out clearly as the government stressed on the Public-Private Partnership (PPP) model to invite investments.
The Bihar Industries Association, whose president finds a place on two of the 12 committees for “A biding Initiatives”, today said he was all for a supplementary PPP model.
“The local entrepreneurs may not be ready for the mega scale investments but we can be active partners in small and medium ventures, say up to Rs 100 crore. We want that outside investors should act in tandem with the local promoters,”BIA president K.P.S. Keshri said.
The think-tank unanimously resolved that there was a major improvement in the crime-control situation under the Nitish Kumar administration and this was a giant leap for putting the state on the threshold of development.
“The state requires a consistent 8.5 per cent growth rate and the key lies in developing basic infrastructure. Stress on education and leveraging the state’s travel and tourism advantage should form the key,” said ICICI Bank chief K.V. Kamath, whose organisation has been doing brisk business in the state.
Mahindra and Mahindra Group head Anand Mahindra promised that actual announcement of projects would begin soon.
The BDIPC vice-chairman today clarified that the state expected the council to meet once or twice a year.
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