Bihar to host global investors summit on Dec. 13 and 14

New Delhi/Patna: Global investors summit Bihar Business Connect-2023, which is scheduled to be held on December 13 and 14, is expected to attract a slew of domestic as well as international investors in the state. The event, however, is likely to witness huge participation from over 600 entrepreneurs and investors from both domestic and international locales.

In a press conference held in the chief secretariat’s meeting room, Bihar's chief Secretary Aamir Subhani stated that Bihar has created a conducive environment for industrial development, expressing the desire to convey to the industrial world that investing and establishing new industries in Bihar will be beneficial for them.

“Bihar has developed essential infrastructure for industries, along with implementing various incentive policies to promote industries. Facilities like plug-and-play industrial sheds have attracted investors to establish industries in Bihar,” he said.

“Investor meets were organised in Chennai, Tirupur, Bangalore, Mumbai, New Delhi, Chandigarh, and Kolkata to attract investors in Bihar. Besides, similar investor meets were also conducted in the United States, United Arab Emirates, Bangladesh, Taiwan, and Japan,” said Sandeep Poundrik, additional chief secretary of the industry department.

It is expected that among all investors, the Adani Group is likely to invest over Rs 5,000 crore in the logistics sector and agro-industry business in Bihar. “This came up for a wide discussion when a high-level delegation from the Adani group, led by Pranav Adani, director of Adani Enterprises, met chief minister Nitish Kumar and others,” a top Bihar government official said.

However, Poundrik, further said that Britannia has already set up a Rs 250 crore factory in Bihta, whereas the Adani Group has started the process and is awaiting an improved infrastructure and a huge market scope. “That explains its interest in investing in the logistics sector and agro-industry business. Once big business houses start setting up industries in the state others will follow,” he said.

( Source : Deccan Chronicle. )
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