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In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'
- a)Integrated Infrastructural Development (IID)
- b)Export Promotion Industrial Park (EPIP)
- c)Concept of Build-Operate- Transfer (BOT)
Correct answer is option ''. Can you explain this answer?
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In Bihar, name the scheme which aims at building up infrastructural f...
Export Promotion Industrial Park (EPIP) scheme focuses on the building up of high- standardinfrastructure facilities required for establishing Export Oriented Units of Bihar.
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In Bihar, name the scheme which aims at building up infrastructural f...
Correct Answer: b) Export Promotion Industrial Park (EPIP)
Overview of EPIP
The Export Promotion Industrial Park (EPIP) is a significant initiative in Bihar aimed at enhancing the state’s export capabilities by establishing high-standard infrastructural facilities. This scheme is specifically designed to attract investment in export-oriented units.
Key Features of EPIP
- Infrastructure Development: EPIPs are equipped with essential infrastructure, including roads, power supply, and water resources, tailored to meet the specific needs of export-oriented industries.
- Investment Attraction: The scheme facilitates a conducive environment for both domestic and foreign investors, promoting the establishment of manufacturing units that focus on exports.
- Employment Generation: By encouraging the development of export units, EPIPs are instrumental in creating job opportunities for local communities, thereby boosting the economy.
- Policy Support: The government provides various incentives, such as tax exemptions and subsidies, to make it easier for businesses to set up and operate in these industrial parks.
Comparison with Other Options
- Integrated Infrastructural Development (IID): While IID focuses on overall infrastructure improvement, it does not specifically target export-oriented units.
- Concept of Build-Operate-Transfer (BOT): This is a financial model used for infrastructure projects but lacks the targeted focus on exports found in EPIPs.
Conclusion
The Export Promotion Industrial Park (EPIP) is crucial for Bihar’s economic development, specifically in fostering a robust environment for export-oriented industries. By providing necessary infrastructure and support, this scheme plays a vital role in enhancing the state’s global trade footprint.
Overview of EPIP
The Export Promotion Industrial Park (EPIP) is a significant initiative in Bihar aimed at enhancing the state’s export capabilities by establishing high-standard infrastructural facilities. This scheme is specifically designed to attract investment in export-oriented units.
Key Features of EPIP
- Infrastructure Development: EPIPs are equipped with essential infrastructure, including roads, power supply, and water resources, tailored to meet the specific needs of export-oriented industries.
- Investment Attraction: The scheme facilitates a conducive environment for both domestic and foreign investors, promoting the establishment of manufacturing units that focus on exports.
- Employment Generation: By encouraging the development of export units, EPIPs are instrumental in creating job opportunities for local communities, thereby boosting the economy.
- Policy Support: The government provides various incentives, such as tax exemptions and subsidies, to make it easier for businesses to set up and operate in these industrial parks.
Comparison with Other Options
- Integrated Infrastructural Development (IID): While IID focuses on overall infrastructure improvement, it does not specifically target export-oriented units.
- Concept of Build-Operate-Transfer (BOT): This is a financial model used for infrastructure projects but lacks the targeted focus on exports found in EPIPs.
Conclusion
The Export Promotion Industrial Park (EPIP) is crucial for Bihar’s economic development, specifically in fostering a robust environment for export-oriented industries. By providing necessary infrastructure and support, this scheme plays a vital role in enhancing the state’s global trade footprint.
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In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer?
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In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer?.
In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of 'Export oriented Units'a)Integrated Infrastructural Development (IID)b)Export Promotion Industrial Park (EPIP)c)Concept of Build-Operate- Transfer (BOT)Correct answer is option ''. Can you explain this answer?.
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