Adani Group, headed by prominent industrialist Gautam Adani, is gearing up for a substantial investment of Rs 8,700 crore in Bihar. This strategic move aims to foster economic growth and generate employment for around 10,000 individuals. The group has already invested Rs 850 crore in logistics, gas distribution, and agro logistics, providing jobs for 3000 people.
Gautam Adani’s Vision for Bihar Development: Adani Enterprises Director Pranab Adani highlighted the group’s commitment to Bihar’s development. The unprecedented investment of Rs 8,700 crore is expected to create direct and indirect job opportunities for 10,000 people across various sectors, contributing significantly to the state’s economic growth.
Details of the Investment Plan:
Warehousing Investment of Rs 1200 Crore:
- The company plans to invest Rs 1200 crore to establish warehouses on 150 acres in Bihar.
- A significant warehouse will be constructed in Patna, facilitating employment for 2000 people.
- Additional investments will be made in Purnia, Begusarai, Darbhanga, Samastipur, Kishanganj, and Araria.
EV-Charging Stations and FMCG Expansion:
- Adani Group intends to set up EV-charging stations in Bihar, contributing to the state’s infrastructure development.
- Plans are underway to introduce Adani Wilmar, an FMCG company, to Bihar, involving an investment of Rs 2,500 crore.
Cement Production Investment:
- An investment plan of Rs 2,500 crore has been outlined for cement production, with a target of starting production at 10 million metric tons annually.
- This initiative in the cement sector is expected to create employment for a minimum of 3000 people.
Bihar’s Attractiveness as an Investment Destination: Bihar Chief Minister Nitish Kumar unveiled Bihar Logistics Policy 2023 during the Bihar Business Connect-2023 summit, emphasizing the state’s appeal as an investment destination. Adani Group aims to increase its current investment of Rs 850 crore tenfold, with a focus on diverse sectors such as cement manufacturing, logistics, and agro-industry.
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Conclusion
This article serves as a comprehensive detail of Adani Group’s Developing Investment Plan in Bihar: Rs 8,700 Crore Infusion Across Multiple Sectors.
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