Adani Group To Invest ₹ 8,700 Crore In Bihar, Will Create 10,000 Jobs
The Adani Group has outlined an ambitious investment plan of ₹8,700 crore in Bihar, spanning various sectors, according to Pranav Adani, Director of Adani Enterprises. This significant investment is anticipated to generate direct and indirect employment opportunities for approximately 10,000 individuals. Speaking at the Bihar Business Connect 2023 plenary session, Adani expressed confidence in Bihar as an increasingly attractive investment destination, citing positive developments in social reforms, law and order, literacy, and women’s empowerment.
Adani highlighted the alignment of the Adani Group with Chief Minister Nitish Kumar’s vision for Bihar’s development. Notably, the conglomerate has already invested ₹850 crore in logistics and gas distribution sectors in the state, resulting in the creation of around 3,000 jobs. With the aim of expanding their impact, Adani announced a ten-fold increase in their investment, with the proposed ₹8,700 crore to be allocated to new sectors within Bihar.
The Adani Group is exploring opportunities to introduce Adani Wilmar Group, a joint venture specializing in the food and beverages sector, to Bihar. Additionally, plans include the establishment of cement manufacturing projects targeting a production capacity of 10 million metric tonnes, with the potential to generate 3,000 job opportunities. Another strategic move involves investing in the manufacture of smart electricity meters, with a plan to install 28 lakh meters across five cities.
Adani praised Chief Minister Nitish Kumar’s commitment to creating a conducive business environment, emphasizing the “Ease of Doing Business” initiatives. Expressing gratitude for the support received, Adani assured regular updates on the progress of their investments, underscoring the conglomerate’s dedication to contributing to Bihar’s economic growth.
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