PATNA: The state government has decided to create state-funded and product-based industrial cluster to revive the once thriving footwear industry at Mora Talab in Nalanda district.
Industry department principal secretary S Siddharth on Friday said the government would raise funds from financial institutions like Housing and Urban Development Corporation (Hudco) and the Life Insurance Corporation of India (LIC) to create proper infrastructure and amenities at Mora Talab so that investors and skilled workers could open their new footwear production units there.
Siddharth was addressing a policy workshop on ‘Strategies and policies for accelerating industrialisation and urbanisation in Bihar’. The workshop was organised jointly by Asian Development Research Institute (ADRI), Institute for Human Development (IHD), department of urban and regional planning at University of Florida (USA) and International Growth Centre.
Siddharth, who chaired the workshop, said the revival of Mora Talab footwear industry was being done in line with the state’s new 2016 industrial incentive policy.