Even a few years back business prospects were bleak in Bihar, a state constantly plagued by law and order problems. None of the investors considered it a safe proposition to invest there. Things however have changed for better with the huge improvement in law and order system in Bihar and stringent measures taken by the Government to bring back normalcy in the society. Today, Bihar tenders offer one of the best business opportunities in the market for the businessmen all over the country.
Service Oriented Economy
Largest opportunities in Bihar tenders come in the service sectors of the state economy since it is highly service oriented. Next in order of importance comes agriculture including horticulture and pisciculture. With one of the highest GDP growth, Bihar stands as one of the fastest growing states in the country and in terms of growth rate stands second only to Gujarat. Significant opportunities through tenders have opened up for the aspirant entrepreneurs in the state.
Major Sources of Tender
As already pointed out the major sources of Bihar tenders are as follows –
Growth of Investment Opportunities
With law and order situation under control, investment opportunities for business houses have grown considerably in the state. Big industrial houses like the Reliance industries are now making big strides in the state. Another area where there are big investment opportunities is the I T sector including the new software park in Patna. Road and transport industry is a major sector where numerous Bihar tenders are floated on regular basis.
Current Live Tenders
With the concern all over for ecological balancing and reducing pollution factors, there has been a phenomenal increase in demands for green houses presently. A number of projects relating to green house development are coming out in Bihar of late that will help budding entrepreneurs to bid for and win the tenders and get substantial financial benefits. Several tenders are now floated in Bihar in both public and private sectors for construction, renovation, and upgrading of the hospitals, drinking and irrigation water projects, sanitation and hygienic constructions. Multiple industries are also coming up and floating many latest tenders in both product and services sectors and the largest tender sector is the construction sector.
An advantage for the entrepreneurs bidding for and wining Bihar tenders is that the economy is on the growth and every tender won can open up various other avenues of business opportunities and making profits.
Service Oriented Economy
Largest opportunities in Bihar tenders come in the service sectors of the state economy since it is highly service oriented. Next in order of importance comes agriculture including horticulture and pisciculture. With one of the highest GDP growth, Bihar stands as one of the fastest growing states in the country and in terms of growth rate stands second only to Gujarat. Significant opportunities through tenders have opened up for the aspirant entrepreneurs in the state.
Major Sources of Tender
As already pointed out the major sources of Bihar tenders are as follows –
- Service sectors where 55% of the tenders floated come from.
- Agriculture sector that accounts for around 38% of tenders.
- Fruit and vegetables industry and agricultural equipment industry comes next in order of tenders floated.
- Recently there has been significant growth in Bihar tenders on irrigation projects that includes major, medium, minor, and lift irrigation projects.
- Some other industries like oil refineries, automobile plants, and power plans also generate some Bihar tenders on regular basis.
Growth of Investment Opportunities
With law and order situation under control, investment opportunities for business houses have grown considerably in the state. Big industrial houses like the Reliance industries are now making big strides in the state. Another area where there are big investment opportunities is the I T sector including the new software park in Patna. Road and transport industry is a major sector where numerous Bihar tenders are floated on regular basis.
Current Live Tenders
With the concern all over for ecological balancing and reducing pollution factors, there has been a phenomenal increase in demands for green houses presently. A number of projects relating to green house development are coming out in Bihar of late that will help budding entrepreneurs to bid for and win the tenders and get substantial financial benefits. Several tenders are now floated in Bihar in both public and private sectors for construction, renovation, and upgrading of the hospitals, drinking and irrigation water projects, sanitation and hygienic constructions. Multiple industries are also coming up and floating many latest tenders in both product and services sectors and the largest tender sector is the construction sector.
An advantage for the entrepreneurs bidding for and wining Bihar tenders is that the economy is on the growth and every tender won can open up various other avenues of business opportunities and making profits.
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