https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Bihar Sees Investment Momentum: 75% of Business Connect MoUs Begin Implementation, ₹82,584 Cr in Play

Historic Investment Push Driving Industrial Growth Across Key Sectors. Minister Hails Milestone as Bihar Converts 317 MoUs into Active Projects
Indian Masterminds Stories

Patna: Bihar is witnessing a major shift in its industrial landscape as 75% of the proposals signed during the Bihar Business Connect 2024 event are now moving towards implementation. Held in Patna on 19–20 December 2024, the summit marked a turning point for the state, attracting 423 investment proposals worth ₹1.80 lakh crore. Of these, proposals worth ₹82,584 crore—approximately 45% of the total investment value—are already in various stages of execution.

Ground-Level Execution Underway for 317 MoUs

Out of the 423 signed MoUs, 317 projects have now entered the implementation phase, categorized as “grounded” by the Department of Industries. These include initiatives where investors have secured land through BIADA or are already in the execution stage. About 53 of these projects—worth ₹11,016 crore—have successfully obtained land from government or private sources.

In addition, 167 projects worth ₹6,794 crore have received departmental approvals or are in the final stages of clearance.

Key Sectors Attracting Investment

The most active sectors under implementation include:

  • Food Processing: 49 projects | ₹12,544 crore
  • Health: 30 projects | ₹1,328 crore
  • Energy: 3 projects | ₹37,950 crore
  • Tourism: 11 projects | ₹1,647 crore
  • Textiles: 16 projects | ₹730 crore
  • Logistics: 7 projects | ₹1,427 crore
  • Real Estate: 4 projects | ₹2,920 crore
  • IT: 12 projects | ₹202 crore
  • Plastics: 5 projects | ₹665 crore

This spread shows a diversified interest in Bihar’s economy, from manufacturing and infrastructure to services and renewable energy.

Clear Division: Grounded vs Non-Grounded Projects

The Department of Industries has categorized all projects into grounded (active implementation) and non-grounded (pending approvals or land identification). Non-grounded projects are in various stages of DPR finalization, land allocation, or internal company clearance. A few MoUs have been withdrawn due to internal decisions by companies.

Government’s Active Role in Monitoring and Support

To accelerate progress, the department is conducting constant monitoring and direct engagement with investors. The state government has committed to resolving investor challenges, facilitating land access, and ensuring seamless administrative support.

Industry Minister Nitish Mishra said, “This is a first in Bihar’s history—signing 423 MoUs in a single event. We’re not stopping at signing. The department is following through to ensure projects take off on the ground. It’s a new chapter for Bihar’s industrialization.”

Transformation is Gaining Ground

With 75% of investment proposals now in motion and tangible progress across priority sectors, Bihar’s industrial transformation is gaining ground. The government’s proactive engagement, land facilitation through BIADA, and policy reforms are beginning to yield results, setting the state on course for inclusive economic growth and large-scale job creation.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
ministry of rural
Two Women Officers Appointed as Deputy Secretaries in Rural Development Ministry to Boost Policy Reforms-Know more about them
RBI
Govt Clarifies Rs 500 Notes Here to Stay; RBI Focuses on Rs 100 & Rs 200 Availability
ministry of rural development
2013-Batch IPoS Officer Moona Yasmin Appointed as Deputy Secretary in Department of Rural Development
PSU Banks
India Ratings Flags Profit Dip for Banks in FY26 Despite Strong Credit Growth
Kartavya-Bhavan
PM Modi to Inaugurate Kartavya Bhavan, Ushering New Era of Efficient Governance
Chhattisgarh Forest Department
Chhattisgarh: Forest Dept Recommends Approval for Controversial Coal Mining Project in Hasdeo Arand, Over 4.5 Lakh Trees at Risk
ACC-Resized
ACC Approves 33 Technical Members for GST Appellate Tribunal; Senior IRS & IAS Officers Take Key Roles - Details Inside
all-women IFS leadership India
Historic All-Women IFS Leadership Meets Environment Secretary to Chart Future of Forest Protection
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IFS Sanjiv Chaturvedi
Whistleblower. Reformer. Conservationist. The Sanjiv Chaturvedi Story
ministry of rural
Two Women Officers Appointed as Deputy Secretaries in Rural Development Ministry to Boost Policy Reforms-Know more about them
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT