Bihar Business Connect 2024: Investors Meet Sets the Stage for Global Summit

The Department of Industries, Government of Bihar organized Bihar Business Connect 2024 – Investors Meet in New Delhi. The event was a precursor to the much-awaited Bihar Business Connect 2024 – Global Investors Summit.

The meeting was graced by several key government officials including Shri Giriraj Singh, Minister of Textiles, Government of India, and Shri Nitish Mishra, Minister of Industry and Tourism, Government of Bihar.

Showcasing Bihar’s Potential

The Bihar Investors Meet showcased the state’s vast potential in various sectors, aimed at attracting investments and generating employment opportunities. The key discussions focused on industry trends, technologies, and government initiatives supporting textile growth. The key focus areas were as follows:

Textile Development: Information on government initiatives and current industry trends.

Industry Growth: Opportunities in Food Processing, IT, and Manufacturing sectors.

Investment Opportunities: Highlighting Bihar as a promising investment destination.

Participation of Industry Leaders

The meeting was attended by over 100 participants from various industrial sectors. The textile sector was represented by Rajesh Gupta, Managing Director, of RMP Fab, and Lalit Gulati, Managing Director, Modelama. The food processing industry included key players such as Sanjeev Asthana, CEO, Patanjali, and Sanjay Singhania, VP, Haldiram. The IT sector saw the presence of reputed names such as CG POWER AND INDUSTRIAL SOLUTIONS LIMITED, Modern Transformers, and NASSCOM.

Government Participation

Government representatives at the meeting included Shri Giriraj Singh, Minister of Textiles, and Shri Nitish Mishra, Minister of Industry and Tourism, along with important officials such as Sushma Bandhana Preyashi, Secretary, and Alok Ranjan Ghosh, Director, Industries.

Voices of Industry Leaders

Secretary, Department of Industries, Sushma Bandhana Preyashi highlighted the development of Bihar as a promising investment hub, stating that the state has converted 38,000 MoUs into concrete projects. He highlighted the state’s excellent connectivity and upcoming projects like the Delhi-Mumbai Industrial Corridor and Amritsar-Kolkata Industrial Corridor.

Shri Dharmendra Kumar of TCNS Fabrics said, “I am successfully running two units in Bihar and am going to set up another textile manufacturing unit in Lohat Bihar with 1500 machines to be installed next year. It is the right time to invest in Bihar.”

Shri Satyaji, President, CII Bihar, lauded the changing landscape of Bihar, stating that “Bihar is a golden treasure” with plentiful opportunities in textiles, leather, pharmaceuticals, and tourism.

Invitation to Invest

Hon’ble Minister Shri Nitish Mishra extended an open invitation to investors and entrepreneurs, stating that Bihar is poised to become the growth engine of India. He requested potential investors to visit Bihar and witness the transformation underway there.

The state has immense potential for industrial development, strategic location, and rich educational eco-system. Tourism development projects, industrial corridor projects, and sector-specific policies for textiles and food processing will be developed in the coming times.

Textiles Minister's Viewpoint

Shri Giriraj Singh thanked the investors and highlighted the strategic advantages of Bihar, including excellent connectivity and a dense network of roads. He emphasized the importance of building a $350 billion textile market in India by 2030, which is possible through collaborative efforts.

He reiterated the commitment of the Bihar team to provide the best support to investors, including initiatives for technical textiles and sustainable production of fibres such as jute and bamboo.