Pranav Adani, Managing Director (Agro, Oil and Gas) of Adani Group, attended Bihar Business Connect 2024 on Friday. He talked about the transformation of Bihar and spoke on the development-related issues.
While addressing the event he said, “Under the leadership of the honourable Chief Minister, Bihar is being transformed particularly in governance, ease of doing business, access to healthcare, social reforms, law and order, literacy, education, empowerment of women and the underprivileged, and with special relevance in the context of this event, the rapid development of critical infrastructure.”
#WATCH | Patna | At Bihar Business Connect 2024, Pranav Adani, Managing Director (Agro, Oil & Gas), Adani Group says, “…Under the leadership of the honourable Chief Minister, Bihar is being transformed particularly in governance, ease of doing business, access to healthcare,… pic.twitter.com/vFdyoRvAkV
— ANI (@ANI) December 20, 2024
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He talked on various issues, like ease of doing business, access to healthcare, social reform, law and order, literacy and education, empowerment of women and many more.
Pranav Adani’s Speech
It is an honour to be speaking here, in Patna, at the 2024 Bihar Business Connect investor summit. Let me congratulate the Government of Bihar for bringing together so many influential names from every sector of the economy. Hon’ble Chief Minister, this gathering is evidence not only of your personal magnetism but also of the business world’s confidence that you and your administration are transforming Bihar into one of India’s most attractive investment destinations. Nitish-ji, your vision and foresight are unmatched! Over 22 years ago, as our nation’s Minister for Railways, you introduced its greatest change ever – the ticket booking system using automated software. On the first day, it had only 29 bookings – and now up to 13 lakh tickets are booked in a single day, making it the world’s busiest online reservation platform! Under your leadership, Bihar is being transformed, particularly in governance, ease of doing business, access to healthcare, social reform, law and order, literacy and education, empowerment of women and the underprivileged – and, with special relevance to the context of this event, the rapid development of critical infrastructure. Your vision has become a model of beneficial growth for the rest of the nation.
I am privileged to tell you that the Adani Group is greatly encouraged by your vision for Bihar – and there can be no better validation of our belief in your leadership than the humble fact that we are the largest private investor in Bihar. At last year’s Bihar Business Connect, I had promised you that I would keep coming back to you with updates on what we are doing in Bihar – and let me give you a snapshot of our current and future investment roadmap for Bihar. In three sectors, logistics, gas distribution and agri-logistics, we have already invested around INR 850 crore and have also created around 25,000 direct and indirect employment opportunities.
We are now going to invest another INR 2,300 crore in these sectors. This investment will not only massively increase our warehousing and handling capacity and expand our presence in the EV, CGD and CBG space but will also generate an additional 27,000 direct and indirect local job opportunities. Page 2 of 2 We are also working closely with your government to potentially invest another INR 1,000 crore in developing strategic infrastructure in Bihar, like Gati Shakti Railway Terminals, ICDs (Inland Container Depots) and Industrial Warehousing Parks. Another sector we are investing in is smart meter manufacturing. As Bihar migrates from conventional electric meters to smart meters, we will invest INR 2,100 crore to manufacture and install over 28 lakh smart meters to automate power-consumptionmonitoring in five cities – Siwan, Gopalganj, Vaishali, Saran and Samastipur – and this will generate at least 4,000 local jobs in this technology segment. There is more! Five months ago, at the end of July, we also entered another exciting new space in Bihar when you personally came and laid the foundations for our first greenfield cement project since our acquisition of ACC and Ambuja Cements two years ago.
That new project is in Warisaliganj. It is a cement grinding unit – and we have more on the way. We intend to invest INR 2,500 crore in Bihar to set up a cement manufacturing capacity of 10 MMTPA in multiple phases – and this has the potential to create at least 9,000 direct and indirect jobs for the people of Bihar. We are also exploring investment avenues in Bihar’s energy sector. Our plan is to invest around INR 20,000 crore to set up an ultra-supercritical thermal power plant. We expect such a massive project to open up at least 12,000 job vacancies in the precommissioning phase – and also lead to around 1,500 skilled jobs during the operational phase.
Hon’ble Chief Minister, your relentless focus on improving the business landscape in Bihar, and the incredible support always available from your team of highly efficient and motivated officers, are paving the way for an investment boom in the years ahead. On behalf of the Adani Group, let me thank you for your constant support, guidance and encouragement – and also for the opportunity to do more in Bihar – with Bihar – for Bihar.
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