Ahead of mega ‘Bihar Business Connect Summit 2023' scheduled in December this year, Department of Industries, Bihar, hosted an Investors Meet on Monday in Delhi to attract investor and promote the state as a promising investment destination.
The event, attended by over 150 participants, saw the participation of Bihar Industries Minister Samir Kumar Mahaseth and senior state government officials.
According to a senior official, the state government has been organising investor meet across major cities in India to create awareness and showcase investment opportunities in Bihar. The state is believe to be giving major thrust to Textile and Leather, Food Processing, IT/ITES & ESDM, and General Manufacturing.
During the Meet, Minister Mahaseth elaborated the state's commitment to fostering a conducive business environment and expressed confidence in the summit leading to fruitful partnerships.
The state government officials pointed out that sectors such as textile/leather, processed food, and IT are high-priority, citing Bihar's advantages including a growing market, raw material accessibility, infrastructure, and attractive business incentives.
Sandeep Poundrik, Additional Chief Secretary, Department of Industries, said that Bihar is making strides in the ethanol sector with 17 units sanctioned by 5 PSUs, amounting to an investment of approximately 3000 crores.
Poundrik also emphasised Bihar's unique approach to food grain-based ethanol production, setting it apart as a leader in this sector. He further announced the operational status of seven ethanol plants, with seven more slated to start by February 2024.
The state is also making significant advances in renewable energy, with plans for a 50 MW solar power plant by Vedanta and two more proposed solar projects. This aligns with Bihar's focus on sustainable development and renewable energy, aiming to stimulate economic growth and a sustainable future.
“This dual focus on ethanol and solar energy underscores Bihar's commitment to sustainable development and renewable energy, promising to catalyse economic growth and pave the way for a greener and more prosperous future for the State,” said Poundrik.
The Meet saw the participation of government dignitaries such as Bala Murugan D, Joint Secretary DPIIT, Government of India, and Kundan Kumar, Resident Commissioner, Government of Bihar.
Industry representatives Vijay Jha of Savi Leather, Shrikanth PK from Britannia Industries, Bharat Oorja Managing Director Komal Singh and Chief Operating Officer of Micromax Rajesh Agarwal also spoke at the event.
Members from industry bodies like CII and FICCI, as well as delegates from embassies including Taiwan, UAE, and Japan, were present.
Minister Mahaseth invited attendees to the upcoming Bihar Business Connect Summit 2023 scheduled for December 13-14 in Patna.