PATNA: Bihar has attracted investment proposals worth Rs 1,000 crore at an investors’ meet in Mumbai attended by deputy chief minister Sushil Kumar Modi, the state government said on Friday.
Companies willing to invest in the industrially backward state include biscuit manufacturing major Britannia and PVC pipe maker Prince Pipes and Fittings Pvt Ltd. Top representatives of the two companies who attended the meeting put forth the proposals to set up factories in Bihar, said sources.
“More than 20 proposals came during the investors’ meet organised by Bihar Investment Promotion Board (BIPB) in Mumbai on Thursday,” said an official of the state industries department.
Low-cost housing units by Ashoka Buildcon and XRBIA and an eye hospital by Jupiter Hospitals on the lines of Chennai’s Sankara Nethralaya are among the other investment proposals received at the investors’ meet, said a statement from the government. Jupiter Hospitals CEO Ajay Thakar personally submitted the proposal, said sources.
The investors’ meet was organised by Bihar’s investment commissioner RS Srivastava and attended, among others, by state deputy chief minister Sushil Kumar Modi.
Top representatives of business houses who attended the meeting included Britannia managing director Varun Berry, Prince Pipes’ chairman Jayant Chedha, Ashok Buildcon’s Executive Director Milapraj Bansal, XRBIA’s Chairman Rahul Nahar and Star TV India’s CEO Uday Shankar.
The state government had said earlier this month that it has received 759 investment proposals worth Rs 9,118 crore in the past 15 months. Speaking in the state Legislative Council, industry minister Jai Kumar Singh had said concerted efforts made by the government under the Industrial Investment Promotion Policy, 2016 were attracting investment to the state.
The minister had said that out of the 759 proposals, 649 had been given stage-one clearance, which means that the proposals have been examined and found feasible by BIPB and that necessary approval has been sent to the investors. Financial incentive clearances have been given to 84 proposals and work has started on 30 industrial units, the minister had added.