747 investment proposals worth Rs17,217 cr received in last fiscal: Minister

Patna: The NDA govt aims at developing Bihar as the favourite investment destination by setting up industrial townships with better air connectivity and sufficient power for industries, said industries minister Dilip Jaiswal here on Monday.He said the govt has the target of bringing investments of Rs50 lakh crore by developing expressways, industrial corridors and logistics to fulfil its promise of providing 1 crore jobs and employment in the state in the next five year.Speaking to reporters along with industries secretary Kundan Kumar, Jaiswal said the govt has already received 747 investment proposals of Rs17,217 crore in 2025-26.He said the govt also has plans to develop an electronic city on the lines of Bengaluru near Sonepur and work is underway to set up a semiconductor unit and to develop an integrated manufacturing township in over 1,670 acres near Gaya, which is part of the Amritsar-Kolkata Industrial Corridor (AKIC) project.

“Officials recently visited Bengaluru for holding necessary talks. Once set up, people will get employment at electronic city and need not go to cities like Bengaluru or Pune,” he said.Jaiswal said a total of 13,343 acres of land has been approved in 24 districts for industrial projects. “We have approved 242 women-driven startups in Bihar. The govt has provided Rs3,242 crore assistance to 44,179 beneficiaries under Mukhyamantri Udyami Yojana.

While 109 startups were registered in 2025-26, the govt disbursed Rs92.2 crore and supported 1,652 ventures in 2025-26,” he said.The minister highlighted the recent opening of factories in Buxar and said major companies such as Reliance, Adani group, Mother Dairy, Aditya Birla, and Hindustan Petroleum are also stepping forward to invest in Bihar. The govt has set up a directorate for MSMEs to foster the growth of small and medium-sized industries to generate employment in every household.Talking about the govt initiatives like Bihar Industrial Investment Promotion Policy 2025 and the Semiconductor Policy, 2026, he said the objective is to transform Bihar into the industrial hub of eastern India.“Bihar Industrial Area Development Authority (Biada) has allotted 404 acres of land to 317 investors with potential investment of Rs5,500 crore besides creating more than 22,500 employment opportunities,” he said.He said loans exceeding Rs468 crore were disbursed under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, with cumulative figures surpassing Rs1,345 crore.