There will be abundance of industries in Bihar, investment agreement worth Rs 50,530 crore signed with 302 companies, lakhs will get employment.

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Bihar Business Connect 2023: The two-day Bihar Business Connect 2023 (Global Investor Summit) was full of expectations for the state. A total of MoUs worth Rs 50,530 crore were signed with 302 companies in two days. Investment proposals worth Rs 24,045.15 crore came on the second day of the summit. On the first day, MoUs were signed on investment proposals worth a total of Rs 26 thousand crores. In the presence of Chief Minister Nitish Kumar, the Industries Department signed MOUs with representatives of big companies on Thursday. In the summit, Adani Group announced that it is going to make an investment of Rs 8700 crore in Bihar in the coming time.

Highest investment in manufacturing and food processing

Maximum investments in Bihar have come in manufacturing and food processing. Once these investments come on the ground, there is a possibility of providing direct and indirect employment to about 50-60 thousand people in the state. There is a possibility of lakhs of people getting employment indirectly also. In this summit, maximum investment proposals of Rs 13836.15 crore were received in the field of general manufacturing. MoUs for investment of about eight thousand crores in the food processing sector and about Rs 2200 crores in the service sector were signed. Apart from Chief Minister Nitish Kumar, Finance Minister Vijay Kumar Chaudhary, Water Resources Minister Sanjay Kumar Jha, Principal Secretary to the Chief Minister Deepak Kumar, Chief Secretary Aamir Subhani were also present in the second day’s session.

Work in Bihar, will help in every possible way: CM

During his visit to the stalls at the Bihar Global Summit, Chief Minister Nitish Kumar assured the entrepreneurs that the Bihar government will provide them all kinds of help and facilities. The Chief Minister told the entrepreneurs to move forward. The state government will provide all possible help. He said to work strongly in Bihar. We will help you guys in every way. Encouraged the entrepreneurs by visiting various stalls in the two-day Bihar Global Summit.

CM went directly among entrepreneurs

The Chief Minister came down from the stage and met all the capital investors and entrepreneurs present in the auditorium. Went directly among the entrepreneurs. Shake hands with people. Greeted people. Inspected the stalls set up by entrepreneurs from the state and the country in the auditorium of Gyan Bhawan. Earlier, on Thursday, the second day of the Global Investor Summit, the Chief Minister formally inaugurated the plenary session of Bihar Business Connect 2023. Coffee Table Book of Industries Department released.

In the presence of the Chief Minister, entrepreneurs said favorable environment for investment in Bihar.

During this, the Chief Minister inaugurated CM Logistics Park. During the program, Adani Group Director Pranab Adani, Nahar Group Industry Chairman and CMD Kamal Oswal, AMD Chief Information Officer Hasmukh Ranjan gave detailed information regarding the investments being made by their respective companies in Bihar. Everyone praised the work being done by Chief Minister Nitish Kumar in Bihar. Discussed the development work being done in other sectors including education, women empowerment, social reform, law and order, infrastructure and agriculture sector and said that there has been a lot of change in Bihar and there is a favorable environment for investment.

Investors thanked Bihar government

The investors thanked the Bihar government and said that it is giving us an opportunity to set up industries in Bihar. During the program, Additional Chief Secretary of Industries Department, Sandeep Poundrick gave a presentation regarding the possibilities of setting up industries in Bihar. Before the beginning of the program, the Chief Minister visited the exhibitions organized by various companies and took detailed information about their products and works. During the program, a short film based on the work being done in the field of industry in Bihar was presented.

how much investment in which sector

Investment in food sector

• Patel Agri Industries (Nalanda) – Rs 5230 crore

• Dev India Project – 1600 crores

• Bharat Urja Distillery – 614 crores

• M/s Bharat Plus Ethanol Private Limited (Buxar) – Rs 565 crore

• Total proposed investment – ​​8009 crores

General Manufacturing Sector

• Bharat Petroleum Corporation Limited – 7386.15 crores

• Haltec International – 2200 crores

• Star Cement – 1000 crores

• UltraTech Cement – 1000 crores

• JK Lakshmi Cement – 1000 crores

• Shree Cement – 650 crores

• HPCL – 600 crores

• Total proposed investment -13836.15 crore

service sector

• Indo European Heart Hospital and Research (Patna) – Rs 2000 crore

• Ctrl – 200 crores

• Total – 2200.00 crores

• Total proposed investment on the second day – 24045.15 crores

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