Adani Group is gearing up to invest a whopping ₹8,700 crore in Bihar across various sectors, with the aim of generating employment opportunities for around 10,000 people. Pranav Adani, the director of Adani Enterprises, made this announcement during the Bihar Business Connect 2023 event, an initiative by the Nitish Kumar government to attract investments and create jobs in the state.
Adani highlighted that Bihar has become an appealing investment destination due to visible improvements in areas such as social reforms, law and order, literacy, and women empowerment. The conglomerate had already invested ₹850 crore in Bihar in logistics and gas distribution sectors, resulting in the creation of about 3,000 direct and indirect job opportunities.
Now, Adani Group is keen on expanding its investment by ten times with a massive ₹8,700 crore plan. This ambitious investment will involve venturing into new sectors in Bihar, such as bringing Adani Wilmar Group—a joint venture in the food and beverages sector—to the state. Additionally, the group plans to commence cement manufacturing projects with a target of 10 million metric tonnes, aiming to generate about 3,000 job opportunities.
Another exciting sector on Adani Group’s radar for investment in Bihar is the manufacturing of smart electricity meters. The initiative aims to install 28 lakh meters across five cities in the state. Pranav Adani expressed gratitude to Chief Minister Nitish Kumar for his focus on improving the Ease of Doing Business, thanking him for the support and encouragement extended to the Adani Group.
In a promise of transparency, Pranav Adani assured the Chief Minister that the conglomerate would provide quarterly updates on all the investments made in Bihar. This commitment underscores Adani Group’s dedication to contributing to the development and progress of the state.
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