Bihar Business Connect 2023: MoUs Signed Worth Rs 50530 Crores

Q: Q. 2. How much of the total amount of MoU was signed in the Bihar Business Connect-2023 Global Conference?

Answer:- MoU signed for investment of Rs 50 thousand, Rs 530.41 crore.

Q: Q. 3. In which sector did companies show maximum interest in the Bihar Business Connect-2023 Global Conference?

Answer:- Food processing sector

Q: Q. 4. In which sector was the maximum investment made in Bihar Business Connect-2023 Global Conference?

Answer:- General Manufacturing Sector

Updated: 15 Dec 2023

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Bihar Business Connect 2023: MoUs Signed Worth Rs 50530 Crores

Bihar Business Connect-2023, a two-day global summit, concluded in Patna on 14 December 2023. During Bihar Business Connect, three hundred companies signed MoU for investment of Rs 50530.41 crore in Bihar. Among these, a maximum of 124 companies have shown special interest in the food processing sector.

Key points of Bihar Business Connect-2023:

There will be an investment of Rs 14,564.11 crore in the field of food processing.
In this, MoUs were signed for making maximum investment in terms of amount by 99 companies amounting to Rs 31,394.14 crore in the field of general manufacturing.
Adani Group Director Pranab Adani has announced an investment of Rs 8000 crore in various sectors in Bihar.
On December 14, 20223, on the second day of the Global Investors Conference, Chief Minister Nitish Kumar was present among the entrepreneurs for about two hours. The Chief Minister also held a separate meeting with the entrepreneurs and assured all possible help to them.
He was accompanied by Finance Minister Vijay Chaudhary, Industries Minister Sameer Mahaseth, Water Resources Minister Sanjay Jha, Chief Secretary Aamir Subhani and Additional Chief Secretary of Industries Department Sandeep Poundrick.

Accelerating infrastructure development for Bihar's investment:

Bihar is making rapid progress in the field of its basic facilities like electricity, water and roads.
Bihar is the youngest state in the country. 53% of the population here is below 35 years of age.
12 departments of the state are coordinating and supporting the entrepreneurs. Three thousand acres of land is already available for industry in the state.
Apart from this, the government has written to all the District Magistrates about the plan to arrange land for 3000 more acres.