Bihar will surely reap the fruits of a milestone Rs 27,900-crore investment by Adani Group, which is going to ultimately create over 53,500 jobs. Pranav Adani, Managing Director of Agro, Oil and Gas, and Director of Adani Enterprises, had unveiled the plan of the group for the region on the day of the “Bihar Business Connect” summit. Bihar is set to become the most important logistics, gas distribution, agriculture, and energy hub of the country because of this strategic investment.
Roadmap of Investment by Adani Group in Bihar
According to Pranav Adani, the Adani Group is the largest private investor in Bihar. Pranav said that he was very confident about Bihar’s leadership and growth prospect. So far, across three sectors of logistics, gas distribution, and agri-logistics, the Adani Group has already put in around Rs 850 crore. That has led to around 25,000 direct and indirect employment opportunities.
It will further make fresh new investments because it would be investing another Rs 2,300 cr of capital in the expansion of the same sectors. Such fresh additional investments will further give an enormous boost to the warehousing and handling capacities along with its reach in EV, CGD, and CBG. To take out for those, this course can lead Bihar to provide new job opportunity platforms for good 27,000 Bihar workers and Bihar economic bedrock will be fortified to a larger extent.
Infrastructural development and Strategic Partnerships.
Apart from the foundation industries, Bihar is gearing its infrastructures up for more businesses and growth as well through its partnership with the State: an investment of more than Rs 1,000 crores for making those infrastructure critical-the Gati Shakti Railway Terminals, Inland Container Depots or ICDs and Industrial Warehousing Parks in making the network of logjam infra in Bihar-again the latter aspect job creating for the long haul.
Smart Meter Production for Technological Advancement
Pranav Adani announced that the company would invest in the production and commissioning of over 28 lakh smart meters worth Rs 2,100 crores for five major cities: Siwan, Gopalganj, Vaishali, Saran, and Samastipur. Those smart meters will ensure power consumption is automatically monitored-one of the crucial steps toward modernization of the state’s energy infrastructure. The project will also create at least 4,000 jobs in the local technology and manufacturing sectors. It will further give impetus to the shift that Bihar makes towards smart and sustainable urbanization.
Cement Manufacturing and Employment Opportunities
The most important investment for the Adani Group would be setting up a greenfield cement plant at Warisaliganj in Bihar. At an estimated cost of Rs 2,500 crore, it would, in steps, increase cement manufacturing capacities in several stages to 10 MMTPA. As many as 9,000 direct and indirect jobs in the state would get a benefit from its construction and infrastructure sectors.
Investment in Energy Sector: Turning Point for Bihar
The highest investment into Bihar’s energy sector is also coming in the near future from the Adani Group. This group has come up with significant investments amounting to Rs 20,000 crore for setting up an ultra-supercritical thermal power plant. That would be a revolution in Bihar’s energy generation capacity. This mega project will create at least 12,000 jobs in the pre-commissioning stage and during its operation will provide 1,500 skilled employment opportunities. Energy will form the bedrock for Bihar’s long-term growth and investment in this project will assure stable and sustainable power supply to meet growing requirements of industry and urbanization.
Role of Bihar Leadership in the Encouragement of Growth
Bihar Chief Minister Nitish Kumar has been hailed as an ever-focussed leader working to improve the state’s business climate, and his doors now flung wide open for a flood of investments. Under his leadership, Bihar has emerged as increasingly more attractive for national and international investors. In support, the environment created through leadership within the state is evidence in real life of the existing as well as future investments of Adani Group, according to Pranav Adani.
Conclusion: A Future Shine for Bihar
Rs 27,900 crore in proposed investment by the Adani Group is sure to transform Bihar’s economy. In the process, thousands of jobs will come to Bihar in turning this place into an industrial powerhouse. It will keep Bihar on a new growth trajectory by investments in key sectors of logistics, infrastructure, energy, and manufacturing. So far so good as long as the Adani Group continues to engage with the state government.
Refer :
ET, Link to article
Also read : India’s Infrastructure: Key Developments And Types Shaping The Nation