By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Magadh Today - Beyond HeadlinesMagadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
  • Home
  • India
  • Editorial
  • Opinion
  • Global
  • Technology
  • Science
  • Asia
  • Business
  • Finance
Reading: Bihar Business Connect-2023: 300 companies including Adani, BPCL sign MOUs for investment of Rs 50,530 cr
Share
Notification Show More
Aa
Magadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
Aa
  • India
  • Economy
  • Politics
  • Business
  • Technology
  • Finance
  • Editorial
  • Opinion
  • Science
  • Home
  • Technology
  • Business
  • Economy
  • Politics
  • Science
  • Sitemap
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Magadh Today - Beyond Headlines > Latest News > India > Bihar Business Connect-2023: 300 companies including Adani, BPCL sign MOUs for investment of Rs 50,530 cr
IndiaBihar

Bihar Business Connect-2023: 300 companies including Adani, BPCL sign MOUs for investment of Rs 50,530 cr

Gulshan Kumar
Last updated: 2023/12/15 at 1:16 PM
By Gulshan Kumar 2 years ago
Share
SHARE

Patna, In a groundbreaking development, the two-day Bihar Business Connect 2023 summit concluded with a remarkable achievement – over Rs 50,000 crore worth of Memorandums of Understanding (MOUs) were signed with 300 companies, underscoring Bihar’s growing appeal as a prime business destination.

“In a landmark achievement, 300 companies have signed Memorandums of Understanding (MOUs) for investments totaling 50,530 crore rupees, showcasing Bihar’s growing attractiveness as a key business destination,” highlighted the official press note.

BPCL leads the investment charge with plans for a project exceeding Rs 7,000 crore, followed by Patel Agri Industries committing to a project worth over Rs 5,000 crore. Adani Group is set to establish a manufacturing plant with a project cost of Rs 8,600 crore, reinforcing the state’s industrial prospects.

Additional Chief Secretary of the Industry Department, Sandeep Poundrik, expressed optimism, expecting MOUs worth Rs 35,000 crore across diverse sectors. The manufacturing sector drew investments exceeding Rs 31,000 crore, with food processing, services, IT, and textiles also attracting substantial investments.

Representatives from key companies, including Bharat Petroleum Corporation Limited, Adani Group, Holtec International, Patel Agri Industries Private Limited, and IT company CTRL, participated in the summit. Adani Group, having already invested Rs 850 Crore in Bihar, announced plans to increase this investment tenfold to over Rs 8,000 Crore.

Experts foresee that the Bihar Business Connect 2023 will play a pivotal role in globalizing the industrial landscape of the state.

 

Stay tuned for more updates.

 

You Might Also Like

India archives ‘historic’ space docking mission

India to consider engaging in development projects in Afghanistan

Security escort, taxis help Indian students escape BD

New scheme to boost urban infrastructure gets nod

Congress may seek chairmanship of Three parliamentary panels

Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Copy Link Print
Previous Article Assam CM Himanta Biswa Sarma calls for caste census among Muslim community, says ‘crucial for them to be strong’
Next Article BPSC 69th mains exam 2023: Registration to reopen today at bpsc.bih.nic.in
about us

Your daily dose of news and updates on politics, culture, and events around the globe. Stay informed, stay connected!

Quick Links

  • Home
  • Sitemap
  • Contact
  • About
  • Privacy Policy
  • Terms and Conditions
Magadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
© Magadh Today Network. All Rights Reserved.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?