Archive pics of Bihar Business Connect 2024.
Patna: Bihar’s industrial landscape is beginning to transform as a significant portion of the investment proposals signed during last year’s Bihar Business Connect summit move towards implementation. Organised on December 19–20, 2024, the summit witnessed the signing of 423 Memorandums of Understanding (MoUs) amounting to a cumulative proposed investment of Rs 1.8 lakh crore. Now, more than 75% of these proposals are reportedly under various stages of execution, with around Rs 82,584 crore in investment already being processed.
The Department of Industries has confirmed that 317 MoUs have entered the ‘grounded’ stage—defined as projects that have secured land, either privately or through the Bihar Industrial Area Development Authority (BIADA), and are actively progressing. These include both projects under implementation and those with advanced approvals in place.
A total of 53 projects worth Rs 11,016 crore have already acquired land, while another 167 projects worth Rs 6,794 crore are at different approval stages, such as departmental clearances or land identification. The remaining proposals are in the ‘non-grounded’ category, comprising projects in early planning phases or on hold due to internal decisions by companies.
Industries Minister Nitish Mishra hailed the development as “unprecedented in Bihar’s history”. “This is the first time such a large number of MoUs have been signed, and we are now seeing them take shape. Our department is in constant touch with investors and is closely monitoring progress to ensure timely implementation,” he said.
The proposals span a wide range of sectors, reflecting Bihar’s expanding industrial base. Key areas showing strong traction include:
- Food Processing: 49 projects worth Rs 12,544 crore
- Textiles: 16 projects worth Rs 730 crore
- Logistics: 7 projects worth Rs 1,427 crore
- Plastics: 5 projects worth Rs 665 crore
- Information Technology: 12 projects worth Rs 202 crore
- Healthcare: 30 projects worth Rs 1,328 crore
- Real Estate: 4 projects worth Rs 2,920 crore
- Energy: 3 major proposals totalling Rs 37,950 crore
- Tourism: 11 projects worth Rs 1,647 crore
Officials said the state government’s hands-on approach—ranging from facilitating land acquisition to providing investor support—is central to this acceleration. With proactive engagement and top-level guidance, the government hopes to convert initial expressions of interest into tangible infrastructure, industrial growth, and employment generation.
The Department of Industries has also emphasised that while some proposals are undergoing internal revisions or have been withdrawn, the pace at which others are being operationalised signals a decisive shift in Bihar’s investment climate.
With a sustained push for implementation, the state is aiming not just for economic growth, but for a structural transformation that could redefine its industrial potential.
