Patna: The two-day Bihar Business Connect 2024 concluded on Friday with MoUs worth over Rs 1.80 lakh crore signed, setting a new benchmark for investment in the state. Leading the charge were industry giants Sun Petrochemicals and Adani Group, which together announced investments exceeding Rs 64,000 crore, promising direct and indirect employment opportunities for the people of Bihar.
Dilip Sanghvi, managing director of Sun Petrochemicals, announced the firm’s commitment of Rs 36,700 crore toward renewable energy and storage infrastructure. He highlighted the transformative potential of their project, which, during the pre-commissioning stage alone, is expected to create over 30,000 jobs. “I look forward to participating in the growth of Bihar and being a partner in this journey,” Sanghvi said while addressing the summit.
Pranav Adani, director of Adani Enterprises, praised Bihar CM Nitish Kumar for his visionary leadership in transforming the state’s infrastructure, health, education and social sectors. Adani said that his company had already invested Rs 850 crore in logistics, agri-logistics and gas distribution, generating 25,000 jobs. Building on this foundation, Adani announced additional investments totaling Rs 28,000 crore.
“We plan to further invest Rs 2,300 crore in logistics, agri-logistics and gas distribution, creating another 25,000 job opportunities. Also, Rs 1,000 crore will be invested in Gati Shakti Railway Terminals, inland container depots, industrial warehousing and logistics parks,” Adani said. He also outlined plans to spend Rs 2,500 crore on a cement grinding unit, generating 9,000 jobs and Rs 20,000 crore on an ultra-critical super thermal plant in the energy sector. “These investments are expected to create 60,000 direct and indirect jobs. The CM’s vision has become a model of growth for the rest of the nation,” Adani said.
Bandana Preyashi, secretary of the industries department, acknowledged the role of industrial investments in creating jobs. “During Covid-19, when people started returning to Bihar, we focused on providing them with employment at home. In 2023-24, we generated 10,000 direct jobs, which increased to 11,352 in 2024-25 and this number will continue to grow,” she said.
Preyashi also stressed the impact of the textile sector, where 80% of the workforce comprises women. She said Tata Group has submitted a proposal for skill development, further enhancing job prospects in the state.