Bihar's development will get faster pace, state gets investment proposal of Rs 1.8 lakh crore

Patna : This is a great opportunity for the industrial development of Bihar. In the second season of Bihar Investment Summit, a record investment proposals worth Rs 1.8 lakh crore have been received from various industrial houses including Sun Petrochemicals and Adani Group. This amount is 3 times more than the first season of this summit organized in Bihar last year.

Announcing the investment proposals received at the end of 'Bihar Business Connect' 2024 Investment Summit, Industry and Tourism Minister Nitish Mishra said that several MoUs have been signed for investment of more than Rs 1.8 lakh crore. Mishra has said that the state government is committed to developing Bihar as a major destination for investment in the country in the coming times. I express my gratitude to all those who participated in this conference. The state is continuously progressing and I am confident that Bihar has the potential to become the major growth engine of the country.

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moving forward strongly

He has said that on this occasion we have signed several MoUs for investment of Rs 1.80 lakh crore in various sectors in the state. This is a big achievement for Bihar. Mishra has said that under the leadership of our Chief Minister Nitish Kumar, we are moving forward with the vision of 'Developed Bihar'. Our Prime Minister Narendra Modi has also said that Bihar is moving forward, we are moving forward strongly.

Chief Minister ill

Bihar Chief Minister Nitish Kumar was to attend the closing ceremony of this two-day conference but due to ill health he could not attend it. During the conference, Bihar Energy Minister Vijendra Prasad Yadav read the Chief Minister's message. He has said that the Chief Minister could not come here due to cold, hence I am keeping his message among you.

Jai Hind, Jai Bihar

The Chief Minister's message read out by Yadav said that I welcome all the investors coming to 'Bihar Business Connect' 2024. I have full confidence that the people here will get full benefit of the environment that has been created for development in the industrial sector in Bihar. The government will always be ready to fulfill all your needs in future, thank you all very much Jai Hind, Jai Bihar.

investment announcement

Sun will invest Rs 36,700 crore in renewable energy including petrochemicals, pumped hydro and solar plants. Adani Group is planning to invest Rs 20,000 crore in setting up ultra-supercritical thermal power plants. Additionally, the group has also announced investment in expansion of cement capacity as well as warehousing and logistics sector.

signing of memorandum of understanding

In 'Bihar Business Connect' 2024, NHPC has committed Rs 5,500 crore for the renewable energy sector, SLMG Beverages has committed Rs 3,000 crore for the food processing sector, Shree Cements has committed Rs 800 crore for the general manufacturing category and Haldiram Snacks Pvt Ltd has committed Rs 5,000 crore for the food processing sector. An MoU worth Rs 300 crore has been signed for this.

(with agency input)