Bihar Gets Rs 1.81-Trn Business Proposals

Patna: The Bihar government on Friday said it has attracted record investment proposals of nearly Rs1.81 lakh crore across different sectors such as renewable energy, food processing and manufacturing from an array of corporates, including the Adani Group, Sun Petrochemicals, and others.

At the end of the two-day global investors’ summit Bihar Business Connect-2024, Industries Secretary Bandana Preyashi said the Bihar government has signed MoUs for setting up 423 units with an investment of Rs1,80,899 crore.

“We are overwhelmed with the response from corporates. It is beyond our expectations. We have received investment proposals of over Rs1.8 lakh crore,” she told reporters here. Sun Petrochemicals and Adani Group were among an array of industrial houses that lined up a record Rs1.8 lakh crore investments across sectors in Bihar, more than triple of Rs50,300 crore the state received at its maiden investor meet last year.

Preyashi said Sun Petrochemicals will invest Rs36,700 crore in renewable energy, including pump hydro and solar plants. Asked about Adani Group investment, Preyashi said the group has announced an investment of Rs27,900 crore. Although the Adani Group has not signed MoUs, it has announced the investment and it has been included in the total investment proposals amounting to Rs1.81 lakh crore.

Preyashi said the government will now focus to ensure these investments materialise on the ground. In the first edition of investors’ summit held last year, the secretary said MoUs worth Rs50,300 crore were signed and of that, Rs38,000 crore has taken shape. The secretary highlighted that the maximum investment proposals have come in the renewable energy sector worth Rs90,734 crore in 17 units.