Despite the fact that Bihar is counted among the most backward states in India, it has made rapid strides towards economic development and progress in recent years. The government has launched several infrastructure and power projects to improve the standard of living of the people. While the work on some of these projects has already started, many others are slated to be launched soon.
New Projects in Bihar:
- Gayatri Projects Ltd., A Hyderabad-based construction company, has recently secured a highway project in Bihar worth Rs. 926 crores. The project will involve four-laning of Gaya-Hisua-Rajgir-Nalanda-Biharsharif section of NH-82 in Bihar. It will be funded by Japan International Cooperation Agency (JICA).
- The government has recently approved the construction of a 22 km long road between Sahibganj (Jharkhand) and Manihari (Bihar). This road link will not just reduce the travel time between Jharkhand and Bihar but will improve the connectivity with north-eastern states. Under this project, a bridge will also be built over the Ganga River.
- A 2539 km long gas pipeline project from Jagdishpur in Uttar Pradesh to Haldia in West Bengal is another major project that will be executed by GAIL. A major part of this pipeline will pass through Bihar. It’s a 13,000 crore pipeline project that will be completed by 2020.
Apart from the above-mentioned major projects, there are many other projects that have been announced by the government recently. The completion of these projects in the coming years is expected to have a positive impact on the economy of the state of Bihar.
As is the case in other parts of India, the tendering process is an integral part of all major projects in Bihar. To complete these projects successfully, the government and private companies need raw materials and several other types of equipment. They release tenders to select the best suppliers of raw materials and other equipment.
Tendering Process in Bihar:
Bihar tenders provide excellent business opportunities to suppliers and small businesses. The companies have to place bids for tenders. The company with the most competitive bid and a proven track record stands a better chance to win the tender.
The process of tendering in Bihar starts with identifying the right tenders. The suppliers have to submit their bids within the specified time after the tender is released. Therefore, it is important for suppliers to keep a track of the upcoming tenders. This will ensure that they don’t miss out on a profitable business opportunity.
However, for most suppliers, collecting Bihar tenders information from different sources can be a difficult and time-consuming task. This is where the tender information websites can prove to be very useful. These websites provide all tender-related information including the last date for submitting bids and tender value.
With several upcoming projects, Bihar offers excellent opportunities to businesses to make profitable investments. Infrastructure, power, construction, IT, Telecom, Safety & Security and Medical Equipment are some of the major sectors that offer numerous business opportunities.
