Bihar Government Hosts Investor Summit in Ludhiana to Attract Investments

Chirag Gupta

Ludhiana: The Bihar Government organized a business roadshow in Ludhiana, marking a significant step in its efforts to attract investments and promote industrial development. This event is part of the Bihar Business Connect 2024 – Global Investors Summit, designed to highlight Bihar’s potential in sectors like textiles, food processing, and general manufacturing.

The summit, organized under a Business to Government (B2G) approach, saw the participation of notable industry leaders, including Kamal Oswal, Managing Director of Nahar Group, and Rakesh Goyal, Managing Director of Candex Filament. The event was led by the Industries Department of Bihar and attended by Secretary, Industries Department, Bandana Preyashi, and other officials, including the Director of Industries.

Titled “Unlocking Bihar’s Potential: Investor Summit,” the roadshow showcased emerging opportunities, infrastructure projects, and policies that position Bihar as a prime destination for investment. Secretary Preyashi engaged with investors, discussing the benefits of investing in Bihar, while the Director of Industries visited the Mega Food Park to observe its role in supporting agro-based industries. The Mega Food Park, developed by Punjab Agro Industries Corporation, was presented as a model for food processing industries that Bihar aims to replicate.

The roadshow emphasized Bihar’s strategic location, improved connectivity, and pro-investment policies, highlighting industrial corridors like the Delhi-Mumbai Industrial Corridor (DMIC) and Amritsar-Kolkata Industrial Corridor (AKIC) as key factors in attracting investments. The focus was on growth sectors such as textiles, food processing, and general manufacturing.

Industry leaders praised Bihar’s initiatives, with Kamal Oswal of Nahar Group noting the exceptional support received from the state for their textile units and Rakesh Goyal of Candex Filament highlighting Bihar’s conducive environment for business expansion in the textile and manufacturing sectors.

Preyashi stressed Bihar’s investor-friendly policies and the state’s progress in industrial policy reforms, land acquisition, and infrastructure development. The summit invited investors from Ludhiana and across India to explore the vast opportunities Bihar offers in these emerging sectors.