Invest Bihar: Exploring State Investment

On Monday, the Bihar Industries Department arranged an investors’ meeting in the state capital, where government representatives and business executives convened to deliberate and investigate investment prospects within the region. The purpose of the meeting was to get ready for the Bihar Business Connect Summit 2023, which is scheduled for Patna on December 13 and 14.

Summit wants to establish a thriving industrial environment.

Bihar Industries Minister Samir Kumar Mahaseth made a statement during the summit stating that the state is committed to developing a prosperous industrial landscape. According to him, the summit provides a forum for business executives, financiers, and public servants to network and investigate the enormous potential that Bihar harbours. Additionally, Mahaseth invited the industry to the next Bihar Business Connect Summit, which is scheduled for 2023 on December 13-14, 2023 in Patna.

Prioritise These Four Sectors:

The purpose of the investor meeting was to showcase Bihar’s investment potential, with an emphasis on four important industries: general manufacturing, food processing, IT/ITES & ESDM, textile and leather, and general manufacturing. According to Sandeep Poundrik, Additional Chief Secretary, Department of Industries, Government of Bihar, five PSUs in the state of Bihar approved 17 units, of which 14 plants are currently under construction and will require an average investment of Rs 200 crore each. Bihar’s goal of becoming India’s ethanol hub is one step closer with this inflow of about Rs 3,000 crore into the state’s ethanol industry.