The Taj group has been given the green light to set up a five-star property in the city for which it would have to find land on its own.The nod to the Tata-owned group was among 102 proposals cleared at a meeting of the State Investment Promotion Board.
“As many as 102 projects worth Rs 16,149 crore were okayed by the board. The hotel, a five-star property, will be set up by the Taj group in Patna. Another proposal for setting up a three-star property in Aurangabad district (150km from Patna) has also been cleared.
“As many as 102 projects worth Rs 16,149 crore were okayed by the board. The hotel, a five-star property, will be set up by the Taj group in Patna. Another proposal for setting up a three-star property in Aurangabad district (150km from Patna) has also been cleared.
When it comes to small-scale industries, Biada (Bihar Industrial Area Development Authority) can allot land as per rules and regulations. But for the bigger industries, they will have to look for the land themselves and the government will help them in this.
Since 2006, the investment promotion board has cleared at least 14 proposals for hotels, some of them five-star properties, in Patna. However, less than half that number has come up, primarily because land has been difficult to get.
At the first meeting of the Bihar State Industrial Investment Advisory Council on Saturday, India Inc. luminaries like Infosys chairman K.V. Kamath and HDFC boss Deepak Parekh had cited power and land as the major impediments for big-ticket investments in the state. The council identified tourism as one of the potential growth areas for the state and stressed on the constructions of hotels, especially budget properties, in different destinations.
Since 2006, the investment promotion board has cleared at least 14 proposals for hotels, some of them five-star properties, in Patna. However, less than half that number has come up, primarily because land has been difficult to get.
At the first meeting of the Bihar State Industrial Investment Advisory Council on Saturday, India Inc. luminaries like Infosys chairman K.V. Kamath and HDFC boss Deepak Parekh had cited power and land as the major impediments for big-ticket investments in the state. The council identified tourism as one of the potential growth areas for the state and stressed on the constructions of hotels, especially budget properties, in different destinations.
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