Bihar government signed Rs. 2,181 crores in an Investor Meet to boost the food processing sector.

Patna December 2, 2024: The Food Processing Investor Meet under the Bihar Business Connect 2024 initiatives has set a promising trajectory for Bihar’s agro-industrial growth.

The Bihar government signed 14 LOIs:

The Bihar government has signed 14 Letters of Intent (LOIs), amounting to an investment of Rs. 2,181 crores, which is poised to generate 4,175 jobs, showcasing the state’s commitment to expanding its food processing sector and leveraging its agricultural strengths.

This development highlights the Bihar government’s commitment to expanding its food processing industry, leveraging its rich agricultural resources to drive economic growth.

During the event, some of the high-impact projects such as bio-fuel production projects worth Rs.905 crore are aimed at sustainable energy initiatives.

 Grus & Grade Private Limited will establish a fully automated high-tech Poha plant in Bihar.

Coca-Cola Bottling Unit, SLMG Beverages plans to invest Rs.700 crore in a new plant in Bihar.

Baba Agro Foods will invest Rs.160 crores in an advanced facility of a high-tech flour mill.

Anand Dairy will set up a dairy plant worth Rs.50 crore unit:

Madhubani Makhana Private Limited will establish a Rs.25 crore processing unit, to promote Bihar’s unique makhana industry and Neermay Foods will invest rs.27 crore in a new facility for biscuit manufacturing in Bihar.

These projects not only promise to enhance food processing capabilities but also aim to encourage exports and boost local employment opportunities.

Centre and Bihar government have robust plans for this sector:

During the event, Chirag Paswan, the Food Processing Minister in the Narendra Modi government said the makhana and litchi, leveraging Bihar’s unique agricultural products have great export potential enhanced by Bihar’s geographic advantage with access to Nepal, Bangladesh and other neighbouring markets.

Current exports from the state are valued at Rs. 50,000 crore, with potential for significant growth.

Highlighted Bihar’s pivotal role in India’s development, he emphasized, “The rising demand for processed food as an ideal opportunity for investment. We assure full support from the Ministry of Food Processing to the state and investors.”

State Industries Minister Nitish Mishra reiterated Bihar’s progress in infrastructure, policy reforms, and business park development.

“Bihar government is ready to support business with incentives, subsidies, and favorable infrastructure. We will encourage investors to capitalize on the “golden opportunity” presented by the state’s business environment,investor-friendly policies, subsidies, and incentives,” Mishra said.

Mishra also said Rs.5,500 crore worth of approved investments in recent months:

Bihar Chief Secretary Amrit Lal Meena said: “Bihar has fertile land and advanced agriculture as major advantages for agro-industrial investments. The Bihar government is dedicated to developing infrastructure and policy support for investors,” Meena said.

He also pledged continued infrastructure enhancements and policy improvements.

Bihar’s Development Commissioner Pratyaya Amrit highlighted interactive sessions at the event for investor collaboration.

“The Bihar government has a goal to build a robust ecosystem for economic growth and employment. Bihar’s fertile soil and agricultural productivity provide a steady supply chain for food processing industries, “Amrit said.

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EOM.