Countless Investment Opportunities in Bihar, According to Food Processing Minister Paswan

On Monday, Union Food Processing Minister Chirag Paswan highlighted the vast investment opportunities in Bihar, particularly within the food processing industry. He made these remarks during the Food Processing Investors’ Meet, a component of the ‘Bihar Business Connect 2024 – a Global Investors’ Summit.

The summit saw the signing of 14 Letters of Intent (LoIs), which pledge investments totaling Rs 2,181 crore and generate 4,175 jobs throughout the state.

In his speech, Paswan stated, that Bihar is brimming with opportunities, and the government is committed to harnessing them effectively. Our society is evolving quickly, leading to a growing demand for processed food. Therefore, now is the ideal time to invest in this sector.

Bihar is a significant producer of various products, including litchi and butter, which present opportunities for investors to grow their businesses while also supporting the state and central government’s initiatives to boost farmers’ incomes, he stated. Paswan emphasized that both the central government and the food processing ministry are prepared to offer comprehensive assistance to Bihar and its investors.

Amrit Lal Meena, the Chief Secretary of Bihar, remarked, that Bihar’s advantageous location and rich agricultural resources offer unparalleled opportunities for investors. We are committed to fostering a dynamic ecosystem that promotes economic growth and generates sustainable employment through a strong emphasis on policy reforms, infrastructure development, and industry-friendly governance.

Nitish Mishra, the Minister of the Department of Industries & Tourism in Bihar, stated that the state is currently offering a prime investment opportunity. The growing interest from investors and the government’s proactive approach is evident, as Bihar has approved investments totaling Rs 5,500 crore in recent months.

We have also streamlined the availability of subsidies and incentives for investors. By choosing to invest in Bihar, investors can tap into the markets of neighboring countries.

For instance, Bihar contributes approximately Rs 50,000 crore to India’s exports. Therefore, when it comes to investment potential in Bihar, the possibilities are limitless, he remarked.

The event saw enthusiastic involvement from various key departments, such as livestock and fisheries, emphasizing a collaborative effort to foster growth within the food processing ecosystem.

Investors provided valuable recommendations, offering important insights to improve the strategic direction of the initiatives.

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