India's Bihar investors meet sees textile-leather MoUs worth ₹554.4 cr

15 Dec '23

1 min read

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On the first day of the two-day Bihar Business Connect 2023 global investors meet, eight companies signed MoUs with the state government for proposed investments worth ₹554.4 crore in textile and leather sectors.
Bihar wants to be among top 10 states in industrial investment in the next three years and among the top five destinations in the next five years.

On the first day of the two-day Bihar Business Connect 2023 global investors meet in Patna, capital of India’s Bihar state, eight companies signed memoranda of understanding (MoUs) with the state government for proposed investments worth ₹554.4 crore in textile and leather sectors.

Bihar wants to be among top 10 states in industrial investment in the next three years and among the top five destinations in the next five years, state industries minister Samir Kumar Mahaseth told the inaugural session.

“For this, we have revised our industrial policy to make land available in 7-10 days. The government is committed to creating job avenues and we are ready to extend all possible help for business ventures,” he said, reiterating the demand that the central government should create special economic zones (SEZs) in the state.

The summit was attended by around 600 delegates, including those from the United States, Taiwan, Japan and Germany.

ALCHEMPro News Desk (DS)

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