Key Points
- Bihar held a Food Processing Investors Meet in Patna, focusing on industrial growth.
- Union Minister Chirag Paswan spoke about Bihar’s potential in food processing and infrastructure development.
- In 2023, Bihar signed agreements worth ₹50,500 crore, with food processing playing a key role.
- Industry Minister Nitish Mishra expects more participation at the upcoming Bihar Business Connect event in December.
- Bihar has already implemented over 75% of the agreements signed, showing effective follow-through.
- Top food processing companies are setting up in Bihar due to the state’s favorable policies.
Looma News
Bihar is becoming a major destination for food processing investments, highlighted by the recent Food Processing Investors Meet held in Patna. Union Minister Chirag Paswan spoke about the state’s growing infrastructure and the teamwork between the central and state governments to boost industrial growth. He pointed out that Bihar’s food processing sector is a promising area for investment, thanks to the state’s rich agricultural resources.
Industry experts agree that Bihar holds strong potential for investments. In 2023 alone, the state signed agreements worth ₹50,500 crore with 278 companies, with food processing being a big part of the deals. This shows the sector’s importance to the state’s economy and its growing attraction for investors.
Industry Minister Nitish Mishra is excited about even more participation in the upcoming Bihar Business Connect event, which will take place on December 19-20. He expects the event to attract even more investors, boosting the state’s position as a key hub for industrial investment.
Bandana Preyashi, Bihar’s Industry Secretary, pointed out the state’s success in turning signed agreements into actual projects. Over 75% of the agreements made after the 2023 Bihar Business Connect event have already been followed through, showing the state’s efficiency. This track record is bringing more companies to Bihar, especially in the food processing sector, where supportive policies are offering strong incentives.
Additionally, top food processing companies are increasingly setting up in Bihar, drawn by the state’s supportive policies and growing infrastructure. During the last investors’ meet, Bihar signed agreements worth ₹10,000 crore with 15 leading food processing companies, further establishing its role as a rising industrial hub in India.
