Bihar Gets Rs 25,000 Crore Industrial Infrastructure Push From HUDCO

Bihar is set to receive up to Rs 25,000 crore in industrial infrastructure financing from HUDCO over the next five years under an MoU signed with the state government. The funding will support the development of proposed industrial parks, including land acquisition, purchase, consolidation and development, along with essential enabling infrastructure. The Infrastructure Development Authority, Bihar (IDA), will facilitate and implement the identified projects and coordinate industrial park development across districts. Loans will be drawn in tranches by the statutory authority designated by the state government. The initiative is aimed at accelerating industrial infrastructure development and strengthening Bihar’s investment readiness by ensuring timely financing for land and supporting infrastructure.

News by Rahul Yelligetti.