Bihar The pace of industrialization is continuously increasing. A sample of this was found today at the global investor conference ‘Bihar Business Connect’ 2024. One after the other companies announced to make big investments in Bihar. The companies that announced investment include big industrial houses like Adani Group, Shree Cement, Sun Petrochemicals. Let us tell you that this amount is three times more than the first edition of the conference organized last year in Bihar. Announcing the investment proposals received at the end of ‘Bihar Business Connect’ 2024 Investor Summit, Industries and Tourism Minister Nitish Mishra said that several Memorandums of Understanding (MoUs) have been signed for investments worth more than Rs 1.8 lakh crore. Sun will invest Rs 36,700 crore in renewable energy including petrochemicals, pumped hydro and solar plants. Adani Group is planning to invest Rs 20,000 crore in setting up ultra-supercritical thermal power plants.
Investment also received in green energy sector
Additionally, the group has also announced investment in expansion of cement capacity as well as warehousing and logistics sector. In ‘Bihar Business Connect’ 2024, NHPC has committed Rs 5,500 crore for the renewable energy sector, SLMG Beverages has committed Rs 3,000 crore for the food processing sector, Shree Cements has committed Rs 800 crore for the general manufacturing category and Haldiram Snacks Pvt Ltd has committed Rs 5,000 crore for the food processing sector. An MoU worth Rs 300 crore has been signed for this.
Nitish Kumar did not come due to ill health
Bihar Chief Minister Nitish Kumar was to attend the closing ceremony of this two-day conference but due to ill health he could not attend it. During the conference, Bihar Energy Minister Vijendra Prasad Yadav read the Chief Minister’s message. He said that the Chief Minister could not come here due to cold, hence I am keeping his message among you. The Chief Minister’s message read out by Yadav said that I welcome all the investors coming to ‘Bihar Business Connect’ 2024. I have full confidence that the people here will get full benefit of the environment that has been created for development in the industrial sector in Bihar. The government will always be ready to meet all your needs in future. Thank you very much to all of you, Jai Hind, Jai Bihar.
Sun Petrochemicals will make big investment
Sun will invest Rs 36,700 crore in renewable energy including petrochemicals, pumped hydro and solar plants. Adani Group is planning to invest Rs 20,000 crore in setting up ultra-supercritical thermal power plants. Additionally, the group has also announced investment in expansion of cement capacity as well as warehousing and logistics sector. In ‘Bihar Business Connect’ 2024, NHPC has committed Rs 5,500 crore for the renewable energy sector, SLMG Beverages has committed Rs 3,000 crore for the food processing sector, Shree Cements has committed Rs 800 crore for the general manufacturing category and Haldiram Snacks Pvt Ltd has committed Rs 5,000 crore for the food processing sector. An MoU worth Rs 300 crore has been signed for this.
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