New Delhi: Bihar government in a statement Saturday said it signed 423 Memorandums of Understanding (MoUs) worth an estimated Rs 1.8 lakh crore during the Bihar Business Connect 2024. Total value of MoUs signed was three times that of last year, it said.
The government also revealed that about 50 percent of the commitments came from the renewable sector, followed by general manufacturing, food processing, urban infrastructure and the health sector.
The one-day event included a CEO roundtable aimed at encouraging dialogue between policymakers and industry leaders, the government said. It added that a coffee table book titled Bihar: A Journey of Industrial Transformation was also unveiled during the event.
The event was attended by Deputy CM Vijay Kumar Sinha, industries and tourism minister Nitish Mishra, energy minister Bijendra Prasad Yadav and chief secretary Amrit Lal Meena, among others
During the event, Yadav read out a letter from CM Nitish Kumar who could not attend the event like last year.
Deputy CM Sinha said, “With new industries emerging in Bihar and Jharkhand, a business-friendly legacy, and abundant natural resources like nickel and platinum near Jehanabad, the region is unlocking its true potential. From thriving food processing to the development of a Film City, Bihar is creating unparalleled opportunities for growth and employment.”
Chief secretary Amrit Lal Meena, meanwhile, assured CEOs that the “Bihar government is fully committed to providing every possible support to facilitate their ventures”.
“We are ready to address specific demands to ensure a smooth and productive investment experience. Additionally, we have introduced provisions for double shifts for women to promote greater participation in the workforce and foster an inclusive economic environment. We are also working to create a grievance redressal mechanism to quickly address the issues of investors,” he said, according to the government.