Pranav Adani and Dilip Shanghvi’s companies will respectively invest Rs. 25800 and Rs. 36700 crore in Bihar to boost the economy.

Patna December 20, 2024: On the second day of the Bihar Business Connect 2024, major investment announcements from industry leaders Pranav Adani and Dilip Shanghvi underscored the transformative potential of the summit.

Pranav Adani announced to invest Rs.20,000 crore only in thermal power plants:

Pranav Adani, Director of Adani Enterprises, announced a Rs.20,000 crore investment to establish an ultra-supercritical thermal power plant in Bihar.

He reiterated the Adani Group’s commitment to Bihar, building on the Rs. 850 crore already invested in logistics, gas distribution, and agricultural logistics sectors, which have generated 25,000 jobs.

While sharing his future plan, Pranav Adani said, “An additional Rs. 2,300 crore investment to enhance warehouse capacity and expand operations in EV, CGD (City Gas Distribution), and CBG (Compressed Biogas), creating another 25,000 job opportunities. We will also invest Rs. 1,000 crore for developing strategic infrastructure in collaboration with the Bihar government.”

Pranav Adani also announced an investment of Rs. 2,500 crore to establish a cement manufacturing unit having a capacity of 10 million metric tons annually in phases, creating 9,000 direct jobs for the people of Bihar.

The ambitious investments underscore the Adani group’s commitment to Bihar’s economic growth, aiming to bolster the state’s industrial landscape and generate significant employment opportunities.

Sun Petrochemical’s Green Push:

Dilip Shanghvi, Managing Director of Sun Petrochemical, announced a significant Rs.36,700 crore investment in renewable energy and storage infrastructure.

He praised the improved investor sentiment in Bihar, which has encouraged this commitment.

“This investment aims to strengthen Bihar’s renewable energy and green infrastructure footprint, aligning with the central government’s focus. It will also generate over 30,000 jobs in Bihar,” he said.

The Bihar Business Connect 2024 has drawn 850 representatives from Indian and International companies. Over 350 MoUs are expected to be signed with the Bihar government, facilitating investments of approximately Rs.1.8 lakh crore, a threefold increase from last year’s summit.

The summit’s success highlights Bihar’s growing stature as an investment hub, driven by substantial projects in energy, logistics, and infrastructure. These initiatives promise robust economic growth and significant job creation in the state.

Also Read: Bihar Business Connect 2024 would bring Rs 1.80 lakh crore investment in Bihar to boost industry.

EOM.