Recently, Global Investor Summit, ‘Bihar Business Connect 2023’ was organized in the capital Patna to attract private companies and increase investment in Bihar. Many companies from India and abroad participated in this summit. Where a total investment of Rs 50,530 crore was signed with three hundred companies in two days. Adani Group, one of the country’s largest business groups, also made a big announcement in this summit. Adani Enterprises Director Pranab Adani had announced to increase his investment in Bihar by 10 times.
Adani Group will invest 8700 crores
Adani Group has decided to invest about Rs 8700 crore in Bihar. Due to which about 10 thousand people will get employment and work for this has also started. This group will invest in many segments in Bihar. This includes logistics park, gas distribution, smart meters, cement, silos and food processing etc. The group will also open warehouses in Patna including Purnia, Begusarai, Darbhanga Samastipur, Kishanganj and Araria.
Revolutionary change has taken place in Bihar
During the summit, the director of Adani Enterprises had praised Bihar and said that there has been a revolutionary change in infrastructure, law and order, education and agriculture here. Along with bicycles and uniforms, livelihood has also played a role in women empowerment. People’s income has improved. Government policy – Ease of Doing Business, Single Window System and skilled youth are showing the path of rapid development to the state.
‘Land of History’ has to be converted into ‘Land of Industry’
According to the Bihar government, the purpose of this summit is to transform Bihar, which is called ‘Land of History’, into ‘Land of Industry’. That means the government is claiming to lay emphasis on industrial development in Bihar. State Industries Minister Sameer Mahaseth has also said that we will reach the top ten within three years and the top five within five years. For this, we are continuously bringing industry friendly policies. We need investors.
Sameer Mahaseth has assured the investors that the entire Bihar is ready to help them. Bihar is ready to convert floods and all other curses into boons. We also want to establish SEZ in the state. We are demanding special state status from the Centre. If this is achieved then we will be able to provide maximum financial help and facilities to the entrepreneurs.
What does Bihar have for investors?
The state government claims that many facilities are available for those setting up industries in Bihar. Raw materials, infrastructure, government assistance, everything is available here. But, the biggest resource that Bihar has is its people. According to government figures, the population of the state is about 13 crores. In this, about 53 percent of the population is below 35 years of age.
If the population of Bihar’s neighboring states and countries is added to this population, then it becomes around 40 crores. Which is a big market for any industry. Such a large population provides any company with easy access to workers as well as a large market for industrial production.
Everything is available in Bihar for industry
The state government says that Bihar has a land bank of about Rs 3000 crore and there are 75 industrial areas here. There is immense potential here for leather industry, textile industry, food park and IT sector. There are three major airports here, Patna, Gaya and Darbhanga. According to the state government, Bihar ranks third in the country in terms of road density. On one hand, there is water problem in many states across the country, on the other hand there is no shortage of it in Bihar. Cheap laborers are also available in Bihar. That means whatever any industry needs, everything is available in Bihar.
Adani Group will invest in these skaters
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Warehouse – 150 acre warehouse in Patna, total investment Rs 1200 crore
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Warehouse – Investment of about Rs 960 crore in Purnia, Begusarai, Darbhanga, Samastipur, Kishanganj and Araria.
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Gas Distribution – Investment Rs 200 crore in Gaya and Nalanda
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Investment in Paddy Processing Unit – Sasaram Rs 800 crore
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Smart electricity meters – Siwan, Saran, Gopalganj, Vaishali and Samastipur investment Rs 3100 crore
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Cement – 2500 crores