Titled ‘Unlocking Bihar’s Potential: Investor Summit,’ the Investors’ Meet aims to present emerging opportunities, strategic infrastructure projects, and attractive policies that make Bihar a prime destination for investors. Key government officials engaged with investors to discuss the vast benefits of investing in Bihar.
The Investors’ Meet focussed on the government’s continuous efforts to transform Bihar into an industrial powerhouse by leveraging its strategic location, enhanced connectivity, and pro-growth policies. With the development of industrial corridors such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Amritsar-Kolkata Industrial Corridor (AKIC), Bihar is well-positioned to attract substantial investments.
The Investors’ Meet focussed on the government’s continuous efforts to transform Bihar into an industrial powerhouse by leveraging its strategic location, enhanced connectivity, and pro-growth policies. With the development of industrial corridors such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Amritsar-Kolkata Industrial Corridor (AKIC), Bihar is well-positioned to attract substantial investments.
Smt. Bandana Preyasi, Secretary of the Department of Industries, highlighted, “Bihar has undergone a remarkable transformation in recent years. Our state offers immense opportunities for growth across various industries, and we are dedicated to making Bihar an attractive destination for investors. From infrastructure development to fostering a business-friendly environment, we are committed to facilitating every step of the investment process.”
The Bengaluru event provided a platform for investors and industry leaders to explore Bihar’s diverse economic potential. Key sectors in focus include:
• IT: Bihar is advancing its infrastructure, making it an attractive destination for tech businesses and IT companies. Many IT professionals from Bihar currently working in Bengaluru, Hyderabad, and Chennai would prefer to return to their home state, bringing with them valuable skills and experience. This not only provides a skilled workforce locally but also helps companies reduce their manpower costs significantly.
• Textiles: Bihar is emerging as a key player in the textile industry, with a particular emphasis on technical textiles and sustainable fibres such as jute and bamboo.
• Food Processing: Leveraging its agricultural strengths, including crops like bananas, makhana, and maize, Bihar offers vast opportunities for investment in the food processing industry.
• General Manufacturing: The state is rapidly developing its manufacturing sector, providing ample opportunities for companies looking to expand their operations.
Several prominent industry leaders have expressed their support for Bihar’s initiatives and highlighted their positive experiences in the state.
Companies like IBM Graphene Semiconductor, Superseva Global Services Private Limited, and HungerBox were also present, showcasing their interest in exploring opportunities in Bihar.
Industry Speak: Success Story: Kumud Sharma’s Experience in Muzaffarpur Kumud Sharma Promoter Superseva shares his inspiring journey of setting up an office in Muzaffarpur, Bihar.
Key Highlights: – Initially skeptical about infrastructure, but impressed by Bela Industrial Area’s roads and facilities. – Positive experience with Department of Industries officers. – Successfully hired skilled CA professionals at 70% lower costs compared to Bengaluru. – Established a thriving back office with plans to expand to 200-500 employees within 1-2 years.
Takeaway: Muzaffarpur offers a conducive business environment, cost-effective talent acquisition, and supportive government infrastructure, making it an attractive destination for entrepreneurs and businesses. Sriniket Jha, Senior Project Manager at Britannia, shares his positive experience: “Bihar has proven to be an ideal investment destination. Our Sikandarpur, Bihta factory was operational in 15 months, aided by swift regulatory approvals and a secure environment. We encourage fellow investors to leverage Bihar’s advantages and contribute to the state’s economic growth.” Smt. Bandana Preyasi, Secretary of the Department of Industries, emphasised the state’s investor-friendly approach: “Our priority is to facilitate a seamless investment process in Bihar. We have made significant strides in industrial policy reforms, land acquisition, and infrastructure development. The Investors’ Meet in Bengaluru highlighted these initiatives and showcased how Bihar is set to become the next major industrial hub.”
The Government of Bihar invites investors from Bengaluru and across India to participate in this Investors’ Meet and explore the vast potential Bihar offers. Attendees will gain valuable insights into Bihar’s industrial landscape, policy framework, and key investment sectors, along with opportunities for direct interaction with government officials and industry leaders. The Bihar Business Investors’ Meet was held today at ITC Windsor, Bengaluru. This exclusive event welcomed industry leaders, entrepreneurs, and investors who were eager to explore new opportunities in one of India’s fastest-growing states. The Bihar Government extends its heartfelt thanks and looks forward to welcoming future investors to events like this, which aim to unlock new avenues of growth and collaboration in Bihar.
• IT: Bihar is advancing its infrastructure, making it an attractive destination for tech businesses and IT companies. Many IT professionals from Bihar currently working in Bengaluru, Hyderabad, and Chennai would prefer to return to their home state, bringing with them valuable skills and experience. This not only provides a skilled workforce locally but also helps companies reduce their manpower costs significantly.
• Textiles: Bihar is emerging as a key player in the textile industry, with a particular emphasis on technical textiles and sustainable fibres such as jute and bamboo.
• Food Processing: Leveraging its agricultural strengths, including crops like bananas, makhana, and maize, Bihar offers vast opportunities for investment in the food processing industry.
• General Manufacturing: The state is rapidly developing its manufacturing sector, providing ample opportunities for companies looking to expand their operations.
Several prominent industry leaders have expressed their support for Bihar’s initiatives and highlighted their positive experiences in the state.
Companies like IBM Graphene Semiconductor, Superseva Global Services Private Limited, and HungerBox were also present, showcasing their interest in exploring opportunities in Bihar.
Industry Speak: Success Story: Kumud Sharma’s Experience in Muzaffarpur Kumud Sharma Promoter Superseva shares his inspiring journey of setting up an office in Muzaffarpur, Bihar.
Key Highlights: – Initially skeptical about infrastructure, but impressed by Bela Industrial Area’s roads and facilities. – Positive experience with Department of Industries officers. – Successfully hired skilled CA professionals at 70% lower costs compared to Bengaluru. – Established a thriving back office with plans to expand to 200-500 employees within 1-2 years.
Takeaway: Muzaffarpur offers a conducive business environment, cost-effective talent acquisition, and supportive government infrastructure, making it an attractive destination for entrepreneurs and businesses. Sriniket Jha, Senior Project Manager at Britannia, shares his positive experience: “Bihar has proven to be an ideal investment destination. Our Sikandarpur, Bihta factory was operational in 15 months, aided by swift regulatory approvals and a secure environment. We encourage fellow investors to leverage Bihar’s advantages and contribute to the state’s economic growth.” Smt. Bandana Preyasi, Secretary of the Department of Industries, emphasised the state’s investor-friendly approach: “Our priority is to facilitate a seamless investment process in Bihar. We have made significant strides in industrial policy reforms, land acquisition, and infrastructure development. The Investors’ Meet in Bengaluru highlighted these initiatives and showcased how Bihar is set to become the next major industrial hub.”
The Government of Bihar invites investors from Bengaluru and across India to participate in this Investors’ Meet and explore the vast potential Bihar offers. Attendees will gain valuable insights into Bihar’s industrial landscape, policy framework, and key investment sectors, along with opportunities for direct interaction with government officials and industry leaders. The Bihar Business Investors’ Meet was held today at ITC Windsor, Bengaluru. This exclusive event welcomed industry leaders, entrepreneurs, and investors who were eager to explore new opportunities in one of India’s fastest-growing states. The Bihar Government extends its heartfelt thanks and looks forward to welcoming future investors to events like this, which aim to unlock new avenues of growth and collaboration in Bihar.
