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Adani Group pledges Rs 87 bn investment boost across sectors in Bihar

2023-12-15

The Adani Group announced plans to inject an additional Rs 87 billion into various sectors in Bihar, encompassing cement manufacturing, logistics, and the agro-industry. Pranav Adani, Director of Adani Enterprises, revealed this commitment during the Bihar Business Connect-2023, a global investors summit that concluded on the same day.

Addressing the audience, Adani stated, "Our group has resolved to invest Rs 87 billion in additional sectors within Bihar, a move that is poised to generate direct or indirect employment for approximately 10,000 people in the state."

During the summit, Bihar Chief Minister Nitish Kumar unveiled the Bihar Logistics Policy 2023 and a coffee table book from the state industries department. However, Kumar did not deliver a speech at the event.

Adani emphasised Bihar's increasing appeal as an investment destination, highlighting the group's existing presence in logistics, gas distribution, and agro-logistics with an initial investment of Rs 8.5 billion. This earlier investment has resulted in the creation of direct or indirect employment for 3,000 individuals. Adani expressed the group's intention to amplify its investment nearly tenfold in the state.