Bihar Polls: Is Nitish Kumar making excuses in the name of development?

Bihar CM Nitish Kumar in his speech said that due to the absence of sea in Bihar, the big industrialist don't invest in the state. 
Is Nitish Kumar making excuses in the name of development?
Watch the video to understand better. 

The elections for 243 Assembly seats will be held in three phases -- for 71 seats on October 28, for 94 seats on November 3, and remaining 78 on November 7. The results will be announced on November 10.