ITC Ltd, Surya Food, Ajanta Shoes show interest to invest in Bihar
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By Team BiharConnect
Multinational conglomerate ITC Limited and three other firms have shown interest to set up new manufacturing unites in Bihar, State Industries Minister Shyam Rajak said.
“ITC is planning to make a big investment. It will be beside the small units it has in Munger and Purnia,” Rajak said without giving details about the size of the proposed investment.
According to the minister, other companies that have shown interest to invest in Bihar include Surya Food and Agro Ltd and Ajanta Shoes (India) Pvt Ltd.
“Four companies, including ITC and Surya Food and Agro Ltd and Ajanta Shoes (India) Pvt Ltd have shown interest to invest in Bihar,” Rajak said.
Although Chief Minister Nitish Kumar led government has succeeded in improving law and order situation and basic infrastructure in the state, it has failed to attract any major investments. Due to this people from Bihar are forced to migrate to other states for jobs.
Due to the lockdown and Coronavirus pandemic such migrant workers have faced a lot of problems. Nitish Kumar government has started reaching out to the companies with the promise of favourable regulations and institutional support.
Last month Bihar industries minister Rajak sent letter to 24 major companies including the MNCs like Nestle and GE & Alstom inviting investments in the state.
Bihar offers opportunities of growth in the sectors like food processing, Fast Moving Consumer Goods (FMCG), Healthcare, Agriculture, IT and IT-enabled Services, Telecommunications, Retail, Power, Chemicals and Oil and Gas, the minister had said in the letter sent to the companies in the last week of May.
The companies to which Rajak had sent the letter include Hindustan Foods Ltd, Relaxo Footwear Ltd, Khadim India Ltd, KRBL Ltd, Chamanlal Setia Ltd, Tasty Bite and Eatables Ltd, GRM Overseas Ltd and Parag Milk Food Ltd among others.