Bihar Intensifies Investments as Industrial Growth Accelerates

18 Dec 2024 CW Team

Bihar, once considered less industry-friendly, is witnessing a surge in major investments, with notable contributions from Adani Group, Coca-Cola, and other industry leaders. The state's industries and tourism minister, Nitish Mishra, is playing a pivotal role in reshaping the state's industrial landscape, positioning it as a gateway to eastern India for investors.

Mishra emphasized that the long-standing perception of Bihar as an underdeveloped industrial hub is gradually changing. Recent investments, including Adani Group's Rs 8,700 crore commitment and Coca-Cola’s expansion plans, signal Bihar’s growing appeal to investors.

The state offers a range of fiscal incentives, including tax waivers, interest subvention, and transportation subsidies. Additionally, Bihar’s resource-rich economy, combined with cheap labor, strategic location, and improving infrastructure, makes it an attractive destination for industries such as agro-processing, leather, and textiles.

Mishra highlighted that Bihar's strategic location near major markets in eastern and northern India, Nepal, Bangladesh, and Bhutan, coupled with an abundant supply of raw materials, positions it well for industrial growth.

With a land bank of 3,000 acres and a focus on sectors like food processing, IT, textiles, and renewable energy, Bihar is poised to attract further investments in its second Bihar Business Connect investor summit in December 2024.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..