Written by: Altamash Khan
Bihar, a state often associated with its rich cultural heritage and historical significance, is emerging as a beacon of potential among the developing states in India. Despite facing numerous challenges, Bihar’s growth trajectory is being redefined by significant developments in various sectors, including information technology (IT), analytics, and hospitality. The state’s industrial sector is witnessing a transformation with the entry of new industries and the expansion of existing ones. The state’s strategic location, abundant talent, and improving infrastructure make it an attractive destination for industrial investments.
Further, with recent approvals for the development of two Special Economic Zones (SEZs) in Kumarbagh (West Champaran district) and Nawanagar (Buxar district), Bihar is taking significant strides towards economic transformation. These SEZs, coupled with developments in various industries, IT, and hospitality sectors would position Bihar for robust growth and investment attraction. Establishing SEZs is pivotal in Bihar’s economic strategy, providing a conducive environment for industrial and economic activities. Beyond the SEZs, the State’s hospitality sector is another area witnessing significant growth, driven by investments from prominent hotel chains like Taj (IHCL) and Hyatt. The state’s rich cultural heritage, coupled with its historical and religious significance, makes it a prime destination for tourism. The development of high-quality hospitality infrastructure is crucial for tapping into this potential.
Moreover, Bihar’s entry into the IT sector marks a transformative phase in the state’s economic landscape. Traditionally, the IT industry in India has been concentrated in metropolitan cities like Bangalore, Hyderabad, and Pune. However, recent developments suggest a shift towards tier-2 and tier-3 cities, with Bihar emerging as a significant contender.
HCLTech, a global IT services company, has established a significant presence in Bihar, particularly in the state capital, Patna. The company’s decision to set up operations in Bihar is a testament to the state’s growing appeal as a hub for IT and software development. HCLTech’s initiatives in Bihar are multifaceted, focusing on infrastructure development, skill enhancement, and job creation. The establishment of HCLTech’s facility in Patna shall not only create numerous job opportunities but also foster a culture of innovation and technology-driven growth. By investing in local talent, HCLTech is helping to build a robust IT ecosystem in Bihar, which in turn attracts other IT companies and startups to the region.
Another notable player in Bihar’s IT landscape is Tiger Analytics, a company specializing in data science and advanced analytics. Tiger Analytics’ entry into Bihar underscores the state’s potential as a hub for data-driven enterprises. The company’s operations in Bihar focus on leveraging data to drive business insights and decision-making processes for global clients. Tiger Analytics has been instrumental in creating a talent pool proficient in cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML). By collaborating with local educational institutions, Tiger Analytics is fostering an environment of research and development, encouraging students and professionals to explore careers in analytics and data science. This collaboration not only enhances the skill set of the local workforce but also positions Bihar as a potential leader in the analytics sector.
The state’s growth story is still unfolding, and with continued investments and strategic initiatives, Bihar has the potential to not only catch up with but also surpass many of its peers in terms of economic development and quality of life. The promising developments in industry, hospitality, and IT sectors are just the beginning of Bihar’s transformation into a modern, dynamic, and prosperous state.
About the Writer:
Altamash Khan is a contributing Journalist who completed his Journalism at the prestigious Aligarh Muslim University. He has over half a decade of experience writing on a wide range of topics, from politics and social issues to technology and Brands. In addition to his journalism work, he works as a Public Relations and Brand Strategist, helping communicate Brand messages to the World. He would love to hear your thoughts on this issue. Leave a comment below or reach out via the social media handles.