An Act to provide for facilitating the promotion and development of investment in Bihar and for matters connected therewith or incidental thereto. Whereas establishment of new enterprises by leveraging the abundant natural and human resources available in the state will lead to the generation of employment and improvement of the living standards of the people of the state; And Whereas, it is expedient to simplify the procedures for establishment and running of industrial, service and business units in the state in order to make the state an attractive investment destination. This Act may be called the Bihar Industrial Investment Promotion Act, 2016.