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Bihar business summit signs over 300 MoUs for investments worth Rs 50,000 crore

Bihar Chief Minister Nitish Kumar, Finance Minister Vijay Kumar Chaudhary, Water Resources Minister Sanjay Jha, and Industry Minister Samir Mahaseth attended the summit on the second day.

By Newsd
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Bihar business summit signs over 300 MoUs for investments worth Rs 50,000 crore

A total of 302 domestic and foreign companies signed MoUs, entailing investment of more than Rs 50, 000 crore in various sectors, with the Bihar government during the two-day Bihar Business Connect Investor Meet 2023.

In addition to the Adani Group’s investment of Rs 8, 700 crore, Bharat Petroleum Corporation Ltd’s investment is Rs 7, 386 crore, Patel Agro Industries Ltd’s investment is Rs 5, 230 crore. Hotel Lok international invests Rs 2, 200 crore, Indo-European Heart Hospital invests Rs 2, 200 crore, Dev India Project invests Rs 1, 600 crore, Star Cement invests Rs 1, 000 crore, Laxmi Cement invests Rs 1, 000 crore, Ultra Cement invests Rs 1, 000 crore, Spray Engineering contributes Rs 800 crore.

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“The Industry Department of Bihar was preparing it for the last 6 months and conducted road shows in various cities and in foreign countries. A total of over Rs 50, 000 crore of investment proposals came to Bihar and a total of 302 companies have signed MoU with Bihar government, ” Additional Chief Secretary, Industry, Sandeep Poundrik said.

“Bihar is changing now and the visitors are also experiencing it now. The industrialists have shown positive intent and we are committed to provide all the assistance required here, ” he added.

Bihar Chief Minister Nitish Kumar, Finance Minister Vijay Kumar Chaudhary, Water Resources Minister Sanjay Jha, and Industry Minister Samir Mahaseth attended the summit on the second day.

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