The Adani Group decides to make an investment of Rs 8,700 crore in Bihar across multiple sectors and this will definitely generate direct and indirect employment for nearly 10,000 people, Adani Enterprises director Pranav Adani said today.
Addressing the plenary session of Bihar Business Connect 2023, Mr Adani said Bihar is now seen as an attractive investment spot. “The change is visible, especially in social reforms, law and order situation, literacy and women empowerment,” he said.
Adani Group is with Mr Nitish Kumar’s aim of development in Bihar, Mr Adani said. The conglomerate, he said, had already invested Rs 850 crore in Bihar in logistics and gas distribution field and has given jobs to about 3,000 people.
“We now want to make our investment ten-fold,” he said, saying that this Rs 8,700 crore investment decision would see the Group working on new sectors in the state.
The Adani Group is searching for the possibility to bring Adani Wilmar Group, a joint venture working in the food and beverages sector, to Bihar. Also, the group has planned to begin manufacturing cement in Bihar. The cement manufacturing projects is targeting for a 10 million metric tonne target and is hoped to generate about 3,000 employment opportunities.
Another sector in which the Group is in line to make investment is the manufacturing of smart electricity meters. Under this initiative, Mr Adani said, around 28 lakh metres will be installed across 5 cities.
