Bihar Business Connect 2024 will boost the state economy as 423 companies have signed MoUs.

Patna December 20, 2024: Bihar Business Connect 2024 event marked a significant milestone for the state’s economic development as 423 companies signed Memorandums of Understanding (MoUs) with the Bihar Government, committing a staggering investment of Rs. 1,80, 899 crore.

This represents a remarkable threefold increase compared to the Rs. 50,300 crore committed during the previous investor meet, showcasing growing confidence in Bihar’s investment climate.

Pranav Adani announced a Rs 25800 crore investment during Bihar Business Connect 2024:

Pranav Adani, Managing Director of Adani Enterprises, announced a Rs.25,800 crore investment in diverse sectors in Bihar.

Highlighting significant improvements in Bihar’s infrastructure and governance, Adani lauded the state’s transformation, noting enhanced law and order and government support.

The Adani Group’s ongoing commitment includes a cement factory established in Warisaliganj, with further investments planned in the energy sector, EV, Gas distribution and agriculture logistics.

“Bihar has progressed and improvements are seen in law and order and infrastructure. We had promised last time to keep coming to the state and will invest more here. We have established a cement factory in Warsaliganj, Nawada, which is evidence of our commitment and we will invest more here,” Adani said after the conclusion of the two-day Bihar Business Connect 2024.

Industry Department’s Efforts to Organize Bihar Business Connect 2024:

Bandana Preyasi, additionally Chief Secretary of the Industry Department, expressed pride in the department’s achievements.

She emphasized the rigorous efforts undertaken over the past month to attract investors, offering robust policies and comprehensive support.

“The broader impact of these investments, including reduced migration, women’s empowerment, wealth creation, and decentralized development,” Preyashi said.

During the Bihar Business Connect 2024, the successful signing of MoUs to the tune of over Rs 1.80 lakh crore signals a transformative phase for the state, with significant economic and social benefits expected in the coming years.

The large-scale investments promise job creation, improved infrastructure, and enhanced living standards for Bihar’s citizens.

Preyashi noted that this success is the result of dedicated planning and perseverance. “We laid the foundation for today’s investments without worrying about the outcome, and the results have exceeded our expectations. This is just the beginning,” she said with optimism.

The department’s achievements are being celebrated as a turning point in Bihar’s journey towards economic prosperity and inclusive growth.

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

EOM.