In a significant development, Adani Group announced its ambitious investment plan of Rs 8,700 crore in Bihar. Pranav Adani, addressing the Bihar Business Connect 2023 event, highlighted the conglomerate’s commitment to the state’s development. The investment aims to generate both direct and indirect employment for nearly 10,000 individuals.
Adani Group, having already invested Rs 850 crore in Bihar’s logistics and gas distribution sectors, expressed its intent to expand further, aligning with Chief Minister Nitish Kumar’s vision for the state. The conglomerate is eyeing diverse sectors, including food and beverages with Adani Wilmar Group, cement manufacturing with a 10 million metric tonne target, and the production of smart electricity meters across five cities.
Mr. Adani praised the positive transformation in Bihar’s social reforms, law and order situation, literacy, and women empowerment. He commended Chief Minister Nitish Kumar’s focus on Ease of Doing Business, expressing gratitude for the opportunity to contribute to Bihar’s growth. The Adani Group pledged to provide quarterly updates on all investments made in the state.
This substantial investment comes as Bihar positions itself as an attractive destination for business, marking a pivotal moment for economic development in the region.
