Amrit Lal Meena will appoint nodal officers to look after 423 MoUs to ensure ease of doing business for investors.
Patna December 23, 2024: Amrit Lal Meena, the Chief Secretary of Bihar said the state government will appoint nodal officers to look after the MoU signed between the industrial houses and provide them ease of doing business in the state.
The state government had signed a MoU with 423 companies during the Bihar Business Connect 2024 held on December 19 and 20.
The Bihar government is embarking on a transformative journey toward industrialization following the resounding success of the Bihar Business Connect 2024, which drew significant interest from investors and industry leaders.
Amrit Lal Meena said each nodal officer will look after 5 to 10 MoUs:
Chief Secretary Amrit Lal Meena outlined a comprehensive road map to support industrialists in implementing their proposal and creating a business-friendly environment in the state.
“The state government will appoint nodal officers to look after the MoU. Each nodal officer will oversee the coordination of 5 to 10 MoUs, acting as a single point of contact for industrialists. Their responsibilities include assisting with land acquisition, ensuring smooth facilitation of resources, and navigating the bureaucratic process,” he said.
Amrit Lal Meena said the state government has categorized industries into 11 sectors, streamlining focus and support tailored to the specific needs of each sector.
This structured approach will enable efficient allocation of resources and expertise.
Bihar has received investment proposals exceeding Rs. 180,000 crore, a landmark achievement for the state.
A total of 423 industrial houses had signed the MoU with the Bihar government and the government aims to significantly increase this number through rapid industrialization.
“The government has committed to grounding these proposals within the next 12 months. Efforts will be made to ensure that the projects take concrete shape before the upcoming assembly elections,” Meena said.
Road Map for Industrialization:
A detailed plan has been prepared to guide the state on its path to becoming an industrial hub. Emphasis is placed on ease of doing business, including swift approval infrastructure development, and policy incentives.
Amrit Lal Meena said such an initiative is poised to drive significant economic growth, create employment opportunities, and position Bihar as a competitive destination for industries. By adopting a proactive approach to facilitating investments, the state government is setting the stage for long-term economic development and improving its industrial profile.
The Adani Group plans to invest Rs. 25,800 crore in an ultra-supercritical thermal power plant, a transformative project for Bihar’s energy sector, EV, cement, CGD, City Gas Distribution), and CBG (Compressed Biogas) spaces.
Dilip Shanghvi, Managing Director of Sun Petrochemical, announced a transformative investment of Rs.36,700 crore in renewable energy and storage infrastructure in Bihar.
Also Read: Bihar Business Connect 2024 will boost the state economy as 423 companies have signed MoUs.
EOM.