Bihar attracts Rs 38,600 crore investment, RIL planning to invest

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New Delhi, Nov 21 (UNI) Bihar economy is looking up with industrialist Mukesh Ambani planning to invest in the state who has given clearance to 108 investment proposals worth 38,600 crore, state Industry Minister Gautam Singh said today.

Talking to reporters after inaugurating the Bihar Pavallion at IITF, Mr Singh said Mr Ambani, who had visited the state about two weeks back, has shown keen interest in investing in the field of ethnol, bisleri, sugar mill, food processing industry and non-conventional energy sector.

''A team from Reliance Industry Limited was camping in the state making project reports about these proposed investment. After full study and analysis any concrete proposal would be put forward for investment.'' he added.

Meanwhile, the state government has formulated a Land Bank of 4700 acre by acquiring land from farmers and also taking over land of closed sugar mills. The land from this bank would be given to investors who would also be asked to directly acquire land from farmers by offering them renumerative price, he said.

He said the state government was setting up food park in Hazipur, Begusarai and Udkishanganj in view of the export potential of the field. He said that food processing industry was given a big boost and 'Makhana' would be processed and exported from the state.

Mr Singh also highlighted the welfare measures being taken by the state government.

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