Latest news with #BiharIndustrialAreaDevelopmentAuthority
Time of India
13-06-2025
- Business
- Time of India
Master plan for Integrated Manufacturing City in Gaya Ji approved
Patna: The Bihar Industrial Area Development Authority (BIADA) is to officially notify the master plan for the Integrated Manufacturing City (IMC)-Gaya Ji as it was approved at the 3rd board meeting of Bihar Integrated Manufacturing City Gaya Limited (BIMCGL) held on Friday. The board reaffirmed its commitment to make Gaya Ji a world-class manufacturing hub. IMC Gaya Ji project is being developed under the Amritsar-Kolkata Industrial Corridor (AKIC). Kundan Kumar, the managing director of BIADA and CEO of BIMCGL, said the project will play a pivotal role in developing Gaya Ji as a world-class industrial hub. "With high-quality infrastructure, an investment-friendly environment, and good governance, we aim to transform this region into a new centre for employment generation and economic growth," he said. Kundan said a significant milestone was achieved with the finalisation of the programme manager for new cities, who will play a crucial role in the on-ground implementation and coordination of the IMC Gaya Ji project. "This step is expected to accelerate execution and ensure adherence to project timelines," he added. The board was informed that the Engineering, Procurement and Construction tender process will commence immediately upon receipt of the final vetted bid documents from the National Industrial Corridor Development Corporation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo The board expressed satisfaction with the current pace of progress and reaffirmed its commitment to transforming the Gaya Ji region into a leading manufacturing and industrial hub, anchored in world-class infrastructure, sustainability and efficient governance. Patna: The Bihar Industrial Area Development Authority (BIADA) is to officially notify the master plan for the Integrated Manufacturing City (IMC)-Gaya Ji as it was approved at the 3rd board meeting of Bihar Integrated Manufacturing City Gaya Limited (BIMCGL) held on Friday. The board reaffirmed its commitment to make Gaya Ji a world-class manufacturing hub. IMC Gaya Ji project is being developed under the Amritsar-Kolkata Industrial Corridor (AKIC). Kundan Kumar, the managing director of BIADA and CEO of BIMCGL, said the project will play a pivotal role in developing Gaya Ji as a world-class industrial hub. "With high-quality infrastructure, an investment-friendly environment, and good governance, we aim to transform this region into a new centre for employment generation and economic growth," he said. Kundan said a significant milestone was achieved with the finalisation of the programme manager for new cities, who will play a crucial role in the on-ground implementation and coordination of the IMC Gaya Ji project. "This step is expected to accelerate execution and ensure adherence to project timelines," he added. The board was informed that the Engineering, Procurement and Construction tender process will commence immediately upon receipt of the final vetted bid documents from the National Industrial Corridor Development Corporation. The board expressed satisfaction with the current pace of progress and reaffirmed its commitment to transforming the Gaya Ji region into a leading manufacturing and industrial hub, anchored in world-class infrastructure, sustainability and efficient governance. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
22-05-2025
- Business
- Time of India
BIADA adopts auction process for industrial land allotment
Patna: In a major shift from the traditional 'first-come, first-served' system, Bihar Industrial Area Development Authority (BIADA) adopted a transparent and competitive auction model for allotment of land on Thursday. "This marks a transformative shift in how we approach industrial development in Bihar," said Kundan Kumar, MD of BIADA. One of the land bidders in BIADA's project clearance committee (PCC) meeting started the bid with Rs 36 lakh, which went up to Rs 55 lakh and finally settled at Rs 65 lakh for land allotment carried out through an open auction process for the first time ever. The healthy competition between investors highlighted the market's confidence and the effectiveness of BIADA's evolving approach, Kundan said. Kundan emphasised that this is just the beginning. "We are preparing to take this entire process online. Soon, entrepreneurs from any part of the globe will be able to bid for industrial land. This is part of our larger push for digital transformation and more inclusive participation. Bihar is open for business. Opportunity is now just a bid away," he said. "The auction, conducted seamlessly, ensured full transparency and equal opportunity. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo It wasn't just about fairness — it revealed real market demand and generated double the expected value for the state. Today, Bihar isn't chasing investors. Investors are chasing Bihar under the visionary leadership of CM Nitish Kumar and the energetic push of industries minister Nitish Mishra," the MD said. Patna: In a major shift from the traditional 'first-come, first-served' system, Bihar Industrial Area Development Authority (BIADA) adopted a transparent and competitive auction model for allotment of land on Thursday. "This marks a transformative shift in how we approach industrial development in Bihar," said Kundan Kumar, MD of BIADA. One of the land bidders in BIADA's project clearance committee (PCC) meeting started the bid with Rs 36 lakh, which went up to Rs 55 lakh and finally settled at Rs 65 lakh for land allotment carried out through an open auction process for the first time ever. The healthy competition between investors highlighted the market's confidence and the effectiveness of BIADA's evolving approach, Kundan said. Kundan emphasised that this is just the beginning. "We are preparing to take this entire process online. Soon, entrepreneurs from any part of the globe will be able to bid for industrial land. This is part of our larger push for digital transformation and more inclusive participation. Bihar is open for business. Opportunity is now just a bid away," he said. "The auction, conducted seamlessly, ensured full transparency and equal opportunity. It wasn't just about fairness — it revealed real market demand and generated double the expected value for the state. Today, Bihar isn't chasing investors. Investors are chasing Bihar under the visionary leadership of CM Nitish Kumar and the energetic push of industries minister Nitish Mishra," the MD said.
