Bihar Investors Summit: Nitish Kumar’s masterstroke  of employment and development

The two-day Bihar Investors Summit 2023 was organised in Bihar. More than 300 companies participated in this summit and proposed to invest more than Rs 50,000 crore in Bihar. Adani Group also announced an investment of Rs 8,700 crore at this summit.

The Bihar Investors Summit is an important achievement for the Nitish Kumar government. With this summit, the possibilities of employment and development in Bihar have increased.

Nitish Kumar has described this summit as a big opportunity to create the development story of Bihar. He said that this summit is a sign of improvement in the investment environment in Bihar.

Adani Group Director Pranab Adani has also justified the decision to invest in Bihar. He said that Bihar is developing rapidly and there are better opportunities for investment in this state.

Troubled by the growing Hindutva influence of the BJP, Nitish Kumar is now preparing to save his power by making employment an election issue. They fear that if they do not respond to BJP’s statements, they may suffer huge losses in the upcoming elections.

Nitish Kumar had promised to provide 10 lakh jobs and 10 lakh employment in his election manifesto. But, till now they have not been able to fulfill this promise. This is the reason why they are now considering Bihar Investor Meet as a big opportunity to provide employment.

Nitish Kumar wants big companies to invest in Bihar in this meeting. This will increase employment opportunities in the state and will provide a strong base for his government. Adani Group has proposed to invest Rs 8,700 crore in Bihar Investor Meet. This is a big achievement, but it is too early to say that this will solve the employment problem in Bihar.

Adani Group has announced an investment of Rs 8,700 crore to write a new story of development in Bihar. This investment can bring a new revolution in the development of Bihar and increase employment opportunities in the state.

This investment of Adani Group will be made in the field of logistics, gas distribution and agro logistics in Bihar. This will give impetus to development in these areas in Bihar and strengthen the state’s economy.

Adani Group Director Pranab Adani says that there is immense potential for development in Bihar. The changes in the social sector and law and order situation in the state are attractive. This is the reason why Adani Group has decided to invest in Bihar.

This investment of Adani Group will provide direct and indirect employment to 10-12 thousand people in Bihar. This will provide employment opportunities to the youth of Bihar and will reduce the unemployment rate of the state.

A two-day Bihar Business Meet was organized to promote investment in Bihar. During this period, 300 companies signed investment agreements worth Rs 50,530.41 crore in Bihar. These include sectors like food processing, general manufacturing, logistics IT etc.

There is maximum investment potential in the food processing sector. 124 companies are going to invest Rs 14,564.11 crore in this sector. This will increase employment opportunities in Bihar and strengthen the state’s economy.

In the general manufacturing sector, 99 companies are going to invest Rs 31,394.14 crore. This will lead to the development of industries in Bihar and will increase the export capacity of the state.

Nahar Group of Industries is going to invest Rs 300 crore for the construction of a logistics park in Bihar. This will improve transportation and storage facilities in Bihar.

High Spirit Ventures and Komal Group are also going to invest in Bihar. About 8 thousand people will likely get direct employment from these two companies.

Bihar BJP Vice President and former Industries Minister Dr. Bhim Singh has called Bihar Investor Meet a flop. He says that signing of MoU worth only ₹ 50,000 crore in a big state like Bihar in a two-day summit is like cumin in the camel’s mouth.

Dr Bhim Singh said that MoUs worth Rs 44 lakh crore were signed in the investor meet held in Uttar Pradesh recently. Whereas in Bihar only MoUs worth ₹ 50,000 crore have been signed. This is a very small amount for the industrial development of Bihar.

Dr. Bhim Singh alleged that industrial development is not on the priority list of the Bihar government. Chief Minister Nitish Kumar’s attention does not go towards industrial development. To make the investor meet successful, the organizing state organizes several ‘road shows’ in the developed states. Even the Chief Minister of the organizing state himself goes on a tour to invite the capitalists. But nothing like this happened in Bihar.