The Government of Bihar, supported by the Confederation of Indian Industry (CII) as the industry partner, successfully hosted the Bihar Investors' Meet in Mumbai
Vishal Vithal Kamat, Chairman of the CII Maharashtra State Council, concluded the event with a vote of thanks, recognizing Bihar's promising future, in the presence of Piyush Goyal, Union Minister for Commerce and Industries, and Nitish Mishra, Minister, Department of Industries, Government of Bihar
FinTech BizNews Service
Mumbai, 13 September 2024– In a resounding endorsement of Bihar's emerging investment potential, the Government of Bihar, supported by the Confederation of Indian Industry (CII) as the industry partner, successfully hosted the Bihar Investors' Meet in Mumbai. The event underscored Bihar's transformation into a promising business destination, drawing substantial interest from leading industrialists and investors.
Mr. Piyush Goyal, Union Minister for Commerce and Industries, Government of India, lauded Bihar's progress and highlighted the state's significance to the nation’s prosperity. "I firmly believe that Bihar is one of India's hidden gems, waiting to be discovered by the world. I would like to extend my warm congratulations to the Chief Minister of Bihar and the Industry Minister for their unwavering commitment and tireless efforts in transforming the state into a thriving business hub," Mr. Goyal stated. He further emphasized, "Whenever Bihar has been prosperous, India has been prosperous. Therefore, Viksit Bihar is equally important for Viksit Bharat." Mr. Goyal's endorsement of Bihar as a prime investment hub was met with enthusiasm, as he praised the state's aspirational youth, conducive policies, and transparent governance.
The Meet attracted over 100 participants from diverse industrial sectors, including notable figures such as Pallab Banerjee, CEO of Pearl Global; Mr. AK Tripathi, Executive VP of Supreme; Mr. Pranav Jain of Mafatlal; Chiraj Trivedi, Director at Zeel; Kaushal Parekh, CFO of Metro Brands; and Mandeep Singh Tuli, Procurement Director at HUL, among others. Their presence underscored the growing interest in Bihar's potential.
Mr. Nitish Mishra, Hon’ble Minister, Department of Industries, Government of Bihar, emphasized Bihar's capacity to become a pivotal growth engine for India. "Bihar has the potential to significantly increase India's manufacturing capacity. We are dedicated to creating an environment that fosters industrial growth and investment," Mr. Mishra remarked.
Mr. Gaurav Sah, Vice Chairman of the CII Bihar State Council, shared his optimism for the state's industrial future. "With over 100 years of experience in running businesses, we have seen various phases of growth. Currently, we are witnessing a spring season for industrial investment in Bihar. The state government has introduced one of the best policies for investors, making this the ideal time to invest," Mr. Sah stated.
The event also saw strong interest in the textile sector, with twenty-two participants announcing their intention to invest, reflecting confidence in Bihar's potential for growth.
Mr. Vishal Vithal Kamat, Chairman of the CII Maharashtra State Council, concluded the event with a vote of thanks, recognizing Bihar's promising future. "In Maharashtra, we understand the value of ambition and entrepreneurship. Bihar offers fertile ground for these qualities to flourish, and the partnerships formed today could pave the way for many successful ventures," Mr. Kamat said.
The Bihar Investors' Meet not only highlighted the state's strategic advantages, such as its skilled workforce and proactive governance but also set the stage for future investments that will contribute to Bihar’s and India’s overall development.
