Bihar CM Nitish Kumar targets Rs 50 lakh crore investment in 5 years

• Bihar aims to attract Rs 50 lakh crore investment over the next five years for industrial development and job creation.
• CM Nitish Kumar stated a high-level panel will prepare plans for a defence corridor, semiconductor park, mega tech city, and fintech city.
• The state seeks to be a top-five investment-friendly state, focusing on ease of doing business, 5 mega food parks, 10 industrial parks, and 100 MSME parks.
• Plans include training 7 lakh people, establishing a Directorate of MSMEs, and developing Bihar as a "global back-end hub" and "global workplace."
• Work is expediting on a 1,700-acre Integrated Manufacturing Cluster in Dobhi, Gaya, with 31 new industrial parks, including sector-specific ones, also planned.

Why It Matters: Bihar's investment drive aims to create jobs and uplift the state's economy.