Opinion | Finally, The Headline Bihar Has Been Waiting For
NDTV
“Bihar will emerge as an investment destination.”
That was the statement made by the late Ratan Tata, then chairman of Tata Sons and the Centre's Investment Commission, in September 2006. Around the same time, Mahindra & Mahindra chairman Anand Mahindra promised that his group would enter the state in a “big way". The slew of promises made to the state included significant investments in sectors such as infrastructure, automotive, finance, and information technology.
It took nearly 18 years for Tata's prediction to come true. Long shunned by investors despite assurances, Bihar has now been embraced by the Adani Group, which has pledged to invest ₹28,000 crore in the state—an amount that is close to 70% of all the investment the state received in five years beginning 2017. For a change, promises have been followed by concrete actions on the ground. The group has already begun its investments, focusing on three key sectors: logistics, gas distribution, and agri-logistics. These initiatives have already generated over 25,000 direct and indirect jobs. Further investments in these sectors are expected to create an additional 27,000 job opportunities.
