Sun Petrochemicals has committed to investing Rs 36,700 crore in the renewable energy sector in Bihar, according to a PTI report. The announcement was made on Friday during the Bihar Business Connect 2024, where multiple leading companies signed MoUs with the state.
Other notable investment commitments included NHPC’s Rs 5,500 crore for renewable energy, SLMG Beverages’ Rs 3,000 crore for the food processing sector, Shree Cements’ Rs 800 crore in general manufacturing, and Haldiram Snacks Pvt Ltd’s Rs 300 crore in food processing.
Dilip Shanghvi, MD of Sun Petrochemicals, highlighted the state’s evolving investment climate, saying, “We are investing Rs 36,700 crore in renewable energy and storage infrastructure. This reflects our confidence in the positive shift in investor sentiment and the supportive environment in Bihar.”
The Bihar Business Connect 2024 marked a significant push toward industrial and economic development, with renewable energy and food processing sectors receiving substantial interest from investors.
