238 cos completed formalities for Rs 36,000 cr investment: Bihar minister

At least 238 companies have completed all formalities for a combined investment of Rs 36,000 crore, making Bihar one of the leading states in terms of the realisation of business proposals, a senior minister said on Monday.

These entities are part of 278 companies which had promised Rs 50,530 crore investment in the state during the mega two-day Bihar Business Connect 2023, he said.

Addressing a press conference here, Bihar Industries Minister Nitish Mishra said many big players have chosen the state as their "preferred destination".

"During the two-day event in December, a remarkable achievement was made as 278 companies signed MoUs with the state government, committing to invest a total of Rs 50,530 crore.

"It's a matter of great satisfaction that MoUs with 238 companies have been realised and the process of Rs 36,000 crore investment has started in the state," the minister said.

Bihar is witnessing significant "investment promotion activities", reinforcing its position as an ..