Indian Chamber of Commerce arranges ‘Bihar Investors’ Meet’ to discuss investment opportunities in Bihar
Ambar Bhattacharya, Takmaa News, Kolkata, 1st July 2022 : After Delhi, it was the turn of Kolkata where many investors attended the Bihar Investors Meet that was successfully organized by the Indian Chambers of Commerce (ICC). Around 50 companies from West Bengal and Northeast India participated in this Meet, out of which representatives of 15 eminent companies were also present. Major companies that participated in the Bihar Investors’ Meet include Keventer, Rupa & Co., TT Limited, Century Ply, Ambuja Group, MP Birla Group, TM International, Westcom Logistics, Phenicia Group, Saranock Hospital, AMI Hospital, Meister India Limited, Washerberry Tea Company, Vidit Group and others.
During this Investors Meet in Kolkata, many big companies also announced investment in Bihar. Mayank Jalan, Chairman and MD of Keventer Agro announced that Keventer will invest 600 crores in Bihar. Mayank Jalan said that Bihar’s Industries Minister Syed Shahnawaz Hussain is efficiently carrying forward the industrialization of the state. He said that an investor always needs two things – one is the security of investment, and secondly the growth potential and presently both these are available in Bihar. He said that Bihar Industrial Policy has also been made keeping in view the future and is very encouraging for the investors. He said that Bihar has good governance and Keventers Agro will invest about 600 crores in the logistics sector in Bihar. JIS Group’s Joint Managing Director Haranjit Singh also announced that JIS Group will also invest 300 crores in the logistics sector in Bihar.
Vikas Agarwal, Promoter and Director, Rupa Company Limited, who attended the Bihar Investors Meet in Kolkata, said that the Bihar Textile and Leather Policy brought by the State Government is one of the best policies in the country. Bihar’s robust infrastructure, abundant manpower, ease of doing business makes Bihar a perfect place for investment. The good governance has fostered faither among investors towards Bihar.
TT Limited MD Sanjay Kumar Jain also enthusiastically participated in the Bihar Investors Meet held in Kolkata and he said that TT Group will also invest in Bihar and production will start here within a year.
Rajeev Singh, DG, Indian Chambers of Commerce (ICC), which is the organizing body of this event said that Bihar is now fully prepared for investment. Companies in Bihar are getting the subsidies and incentives announced by the state government on time. He said that the special plug and play facility that the state government is providing is a wonderful scheme. This Textile policy of Bihar coupled with good infrastructure makes Bihar a perfect place for big companies for investment.
Bihar Industries Minister Syed Shahnawaz Hussain told industrialists and company representatives from West Bengal and Northeast India, who attended the Bihar Investors Meet in Kolkata, that Bengal and Bihar have an old bond and attachment. Just as the people of Bihar consider West Bengal as their second home, the industrialists of West Bengal should also consider Bihar as their second home for establishment of new industrial units or to expand the existing industry in Bihar.
Syed Shahnawaz Hussain thanked all the industrialists and representatives of the industry who attended this investors’ meet and assured that investment in Bihar will not be a loss deal for them in any case. Syed Shahnawaz Hussain said that we are ourselves are walking towards the doors of the industrialists and we will do whatever they say.
He said that Bihar has a land bank of 2900 acres for setting up industries. 73 industrial areas are being prepared with full facilities. A total of 7 airports in Bihar and adjoining states provide excellent air connectivity to every district of Bihar. Bihar has a large network of road and rail. He said that a good policy has been made to encourage investment in the textile and leather sector. He also said that under the Bihar Textile and Leather Policy 2022, we are giving subsidy of up to 10 crores, providing electricity facility of Rs 2 per unit. There is also a provision of freight subsidy up to a maximum of 10 lakhs in a year. A monthly employment grant of Rs 5000 per employee will also be given. Overall, our policy is best in the country.
In the Bihar Investors Meet held in Kolkata, the Principal Secretary, Industries Department of the state, Sandeep Poundrik, through a presentation, explained to the investors and representatives of the industry why investment in Bihar is safe and profitable. Sandeep Poundrik, Principal Secretary, Industries Department of Bihar said Bihar is well connected through roadways, rail, and airways. Connectivity wise we are at a very strategic position for investment.
The Bihar Investors Meet held in Kolkata saw several sessions. In one session, representatives of about 30 companies had direct interaction with Industries Minister Syed Shahnawaz Hussain. In the second B2G session, representatives of companies had one to one chance to discuss with the Principal Secretary, Industries Department, Sandeep Poundrik and other departmental officers during which they discussed ways to make investment in Bihar a reality. Around 20 companies participated in the B2G session which includes – UAL Industries Limited, Western Carriers Limited, Herald Food & Commodities, Avon Industry, Kolkata Leather Crafts, Aecom and others.
During the direct interaction with Syed Shahnawaz Hussain about 30 companies including T M International Logistics Ltd., AECOM, JC Fenesia Group, IMEX Global, MAC International, Nimbarg & Nusimax International, Ghosh Medical Agency and Sonali, Vidit Group (YLF Chairman), YLF, Birla Corporation, Jute Berry were present.
