Adani Group's recent announcement of an additional investment of ₹8,700 crore in Bihar has sparked optimism for economic growth and job creation in the state. Pranav Adani, Director of Adani Enterprises, revealed this development during the Bihar Business Connect-2023 event. This investment will extend across various sectors, prominently including cement manufacturing, logistics, and the agro-industry.
Adani highlighted the substantial employment prospects arising from this investment, estimating that approximately 10,000 job opportunities, both direct and indirect, will emerge. The group plans to allocate ₹1,200 crore for establishing expansive warehousing across 150 acres, with a significant godown in Patna anticipated to employ around 2,000 individuals.
Expanding their footprint, the Adani conglomerate aims to invest in six different locations within Bihar: Purnia, Begusarai, Darbhanga, Samastipur, Kishanganj, and Araria. Additionally, plans to introduce EV-charging stations are on the horizon for the state, further indicating the group's diversified investment interests.
Adani's vision extends beyond conventional sectors, with intentions to introduce Adani Wilmar, the group's FMCG arm, into Bihar. Notably, an ambitious plan to infuse ₹2,500 crore into cement manufacturing is in progress. The goal is to initiate production of 10 million metric tonnes within a year, generating employment for at least 3,000 individuals in the cement sector alone.
The Bihar Logistics Policy 2023 was unveiled at the summit by Chief Minister Nitish Kumar, signaling the state's commitment to fostering a conducive investment environment. Adani expressed confidence in Bihar's potential, citing the group's existing ₹850 crore investments in logistics, gas distribution, and agro-logistics as a testament to their commitment to the state's growth.
"Bihar is now an attractive investment destination in the country. We are currently present in logistics, gas distribution, and agro-logistics, with an investment of ₹850 crore. Now, we aim to increase our investment around 10-fold," affirmed Adani, underscoring the pivotal role Bihar plays in the Adani Group's expansion plans.
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