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Bihar Business Connect 2024: Industrialists Ensure Land Availability for Investment, Says Minister Nitish Mishra

 

By Neeraj Kumar

Patna: Industrialists will face no shortage of land if they choose to invest in Bihar, asserted Bihar Industry Minister Nitish Mishra during the inaugural session of the two-day Bihar Business Connect 2024, which commenced at Gyan Bhawan in Patna on Thursday.

Addressing the gathering, Mishra emphasised that the Industry Department has effectively showcased Bihar’s policies to the nation, positioning the state as investment-ready with robust infrastructure. “If any investor wants to invest in Bihar, the state is fully prepared with the required infrastructure,” he stated.

The Bihar Business Connect programme, organised by the state government, aims to attract industrialists from across the country to explore opportunities in Bihar. A significant number of industrialists participated on the first day, with numerous Memoranda of Understanding (MoUs) expected to be signed by the event’s conclusion.

Highlighting Bihar’s changing landscape, Mishra expressed confidence that the event would inspire industrialists to invest in the state, bolstering its economic prospects. To familiarise investors with the state’s progress and potential, representatives from outside Bihar will also be taken on tours of major tourist attractions.

The Industry Minister actively engaged with industrialists during the event, addressing their concerns and showcasing the state’s improved infrastructure as a key incentive for investment. He reiterated that Bihar’s policies and development initiatives have attracted interest from investors nationwide.

Among the notable attendees were representatives from Scalar Industries in Telangana. The company has committed to investing ₹500 crore in Bihar’s logistics sector, signing an MoU with the government. Scalar Industries Managing Director Pramod Kumar Gupta revealed plans to establish operations in the Muzaffarpur-Vaishali region, requiring 50 acres of land.

Gupta remarked, “We are planning to invest ₹500 crore in logistics, which will generate direct employment for 1,000 people and indirect opportunities for 3,000 more. The government has been informed about our land requirements.”

Industrialists from South India are also expressing interest in Bihar, drawn by its evolving infrastructure and investment opportunities. The Bihar Business Connect 2024, running from 19 to 20 December, features participation from CEOs of over 80 leading industries from India and abroad.

Officials from the Department of Industries are engaging in one-to-one discussions with these CEOs, providing detailed information on Bihar’s investment environment and policies. The event is expected to result in significant agreements that will further enhance the state’s industrial landscape.

 

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