The Adani Group reaffirmed its commitment to Bihar's economic growth by announcing a substantial additional investment of Rs 8,700 crore across multiple sectors during the Bihar Business Connect-2023 summit. Pranav Adani, Director of Adani Enterprises, unveiled this ambitious plan encompassing cement manufacturing, logistics, and the agro-industry, aiming to fortify the group's existing presence in the state.
Speaking at the summit's conclusion, Pranav Adani highlighted the group's ongoing investment of Rs 850 crore in Bihar, generating employment opportunities for approximately 3,000 individuals. Emphasizing the monumental scale of the proposed investment, Adani projected the creation of direct or indirect employment for around 10,000 people across various sectors, underscoring the group's commitment to Bihar's economic prosperity.
The announcement coincided with Bihar Chief Minister Nitish Kumar's release of the Bihar Logistics Policy 2023, designed to foster international-standard infrastructure for industrial and societal advancement. While Kumar did not address the gathering, the unveiling of the policy marked a significant step toward enhancing Bihar's investment allure.
Pranav Adani detailed the Adani Group's future investment blueprint for Bihar, outlining a diverse array of ventures. A significant portion of the planned investment, amounting to Rs 1,200 crore, will be directed towards bolstering the warehouse sector, poised to create employment opportunities for 2,000 individuals across districts like Purnea, Begusarai, Darbhanga, Samastipur, Kishanganj, and Araria.
Additionally, the group earmarked Rs 200 crore to augment its city gas distribution network in Gaya and Nalanda, with plans to introduce compressed biogas and electric vehicle chargers, envisaging employment for nearly 1,500 individuals.
Adani's announcement also outlined forays into the cement manufacturing sector, with proposed units in Warsaliganj and Mahawal, slated to come to fruition through an investment of Rs 2,500 crore.
Amidst detailing the group's ambitious expansion plans, Adani lauded the Bihar government's developmental initiatives and social schemes, affirming the state's attractiveness as an investment hub.
The Adani Group's far-reaching investment commitment signals a transformative phase for Bihar's economic landscape, poised to stimulate employment, drive infrastructure development, and foster diverse industrial growth avenues across the state.
