Patna, The Bihar Business Connect-2023, a two-day global investors’ summit, commenced today at Gyan Bhawan, Patna, attracting over 600 investors from India and 15 other countries. Organized by the state’s Industries Department, the summit aims to set new benchmarks for industrial growth and investment in Bihar.
Chief Secretary Amir Subhani, in a press conference, announced the significant participation of investors from countries including the USA, Taiwan, Japan, Germany, Saudi Arabia, UAE, and others. The summit will facilitate discussions on priority sectors, industrial area visits, and high-level meetings with state leadership.
Key personalities from various sectors, such as Pranav Adani (Adani Group), Rajneet Kohli (Britannia), Kamal Oswal (Nahar Group of Industries), Rajesh Aggarwal (Micromax Biofuels), and Rakesh Swamy (Godrej Group), are expected to attend.
Bihar, recording the third-highest Gross State Domestic Product (GSDP) growth rate at 10.9% in FY 2021-22, has positioned itself as an ideal investment destination. The state has excelled in the growth of Micro, Small, and Medium Enterprises (MSMEs) and has formulated policies to attract investors, particularly in logistics, textile, and leather sectors.
The Industries Department anticipates signing Memorandums of Understanding (MOUs) with several companies, including Adani Group, Britannia, Nahar Group of Industries, Micromax Biofuels, and Godrej Group, for potential investments totaling Rs 30,000 crore. The summit reflects Bihar’s commitment to sustainable industrial growth and its strategic approach to fostering investment.
