India became significant outsourcing destination because of its low cost advantage. Now when the cost advantage is gone in all the major cities, second tier cities like Patna, Lucknow, Nagpur, Mangalore, Coimbtore, Ranchi, Bhopal, Nainital can try to utilize this golden opportunity by providing world class infrastructure with promising measures towards sustaining low cost.
Mostly Bihar has grown as a consumer market. Serious efforts are required to boost up the production which will help in long run. But it's heartbreaking to see that least has been done in Bihar for infrastructure development like a brand new IT city with infrastructure, energy, roads, trains, metro, IT parks, telecommunication, housing, sanitations, school, malls, cinema halls, govt offices, kiosks, banks etc.
To add to the misery, now land scam has surfaced which is unfortunate for Bihar and mockery on the claims of industrial growth plans. Lands have been acquired from farmer and distributed deliberately to the Keith and kin of ministers, mafia and bureaucrats. This is going to affect the great Bihari dreams negatively and doom the future of Bihar further. You try googling for land in the vicinity of Patna and Bangalore. You will notice the prices of commercial as well as residential lands are shockingly and surprisingly same. A big hype is being created which can be suicidal for Bihar. This is the situation when development is only planned. You can imagine what will happen when development works start to happen and hundreds of companies and hundred thousand professionals move to that region and seek commercial or residential lands.
Cost advantage will dissapear before existing.
If Bangalore is developed and successful, then why anyone will come to Patna? Will it make sense for any invester/professional to drive all the way to Bihar?
Being a common man, I never understand what is the need of such greed which is killing the golden goose? When few crores should be sufficient to lead a decent life and which can be earned through hard work and honesty. Then why they tend to earn thousand of crores by unfair means? Those who are doing this are probably mentally sick or insecure about their feature and want to earn as much as possible. Why don't they understand that their crimes may lead them to jail.
This is definitely hurting the intrest of Bihar and of India.
The need is to acquire land from farmers with their consent and by paying proper compensation and carefully planning commercial, housing layouts with proper infrastructure and allocating the lands directly to consumers instead of brokers. This will ensure log term cost advantage, attract investers and professionals and will trigger real development.
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