New Delhi: Industries minister Nitish Mishra on Sunday said the upcoming global business summit in Patna will be a huge success and attract more investment proposals than about Rs 50,000 crore it received in the 2023 edition.
The second edition of ‘Bihar Business Connect‘ will be held from December 19-20 in Patna.
“Last year, we received investment proposals of around Rs 50,000 crore.I am very much confident that this year we will get more investment proposals,” Mishra told reporters here.
He said the upcoming investors’ meet will lead to the start of a new industrial era in Bihar.
The last edition of the investor meeting in 2023 saw several MoUs being signed for proposed investment of Rs 50,500 crore by as many as 278 companies.
Mishra highlighted that most of the investment proposals received in the 2023 edition have been implemented and the rest will be executed soon.
A state govt official noted that investment proposals worth Rs 38,000 crore have already been grounded.
Elaborating further, Mishra said there was a notion that Bihar cannot attract big ticket investments, but perceptions have changed and investors are coming now.
He said there is a huge opportunity of investment across all major sectors, including food processing, textiles and tourism.
“There is an environment for huge investment in Bihar,” Mishra, who is also the tourism minister of the state, said.
Mishra said, “Bihar Business Connect is an annual investors’ meet, where we are contacting, approaching and inviting all the companies which are interested or which might have interest in expansion or setting up a new unit in Bihar.”
The focus will not only be on the investment amount but also capability of employment generation, he said. PTI