From Renewable Energy To Logistics: Bihar Bags Record Rs 1.8 Lakh Crore Investment Proposals At Business Summit

Bihar attracted a record Rs 1.8 lakh crore in investments during the Bihar Business Connect 2024 summit, marking a significant milestone in the state’s economic growth.

Sun Petrochemicals and Adani Group were among the prominent companies that lined up Rs 1.8 lakh crore investment proposals across sectors in Bihar.

This represents more than triple the amount the state received at its maiden investor meet last year.

Announcing the investment proposals received at the end of the two-day Bihar Business Connect 2024 investor summit, State's Industries and Tourism Minister Nitish Mishra said several memoranda of understanding (MoUs) entailing investment of over Rs 1.8 lakh crore have been signed, news agency PTI reported.

Bihar's industry secretary Bandana Preyashi further informed that the Rs 1.8 lakh crore investment proposals received this year are more than triple the Rs 53,000 crore from last year.

The Adani Group plans to invest Rs 20,000 crore to establish an ultra-supercritical thermal power plant and expand its footprint in cement production, warehousing, and logistics.

Several major companies also formalised investment plans by linking MoUs with the state during the Bihar Business Connect 2024.

NHPC will invest Rs 5,500 crore for renewable energy projects, SLMG Beverages will invest Rs 3,000 crore for food processing, Shree Cements will invest Rs 800 crore for general manufacturing, and Haldiram Snacks Pvt Ltd plans to invest Rs 300 crore for the food processing sector.

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