Bihar Secures Major Industrial Investment with Rs 6,000 Crore Commitment from Giridhan Metal
In a significant boost to Bihar's industrial landscape, Giridhan Metal Private Limited (GMPL) has proposed an investment of approximately Rs 6,000 crore in the state. Industries Minister Dilip Jaiswal announced this development on Saturday, highlighting the growing appeal of Bihar as a prime investment destination.
Minister to Present Semiconductor Investment Pitch in Delhi
Minister Jaiswal revealed that he will deliver a detailed PowerPoint presentation to business leaders and country heads in Delhi on February 17. The presentation will focus on attracting investments in the semiconductor industry to Bihar, leveraging advanced AI techniques for plant setup. "Many country presidents are coming," Jaiswal told TOI, underscoring the importance of the event.
GMPL's Steel Plant and Employment Generation Plans
According to a letter addressed to the minister, GMPL plans to establish a 2 million tonnes per annum (MTPA) greenfield integrated steel plant in Bodh Gaya. The project will be developed in phases and will produce:
- TMT bars
- Wire rods
- Structural steel products
- Alloy steel products
The company has requested 600 acres along the Gaya-Dobhi Road industrial corridor for its Super Shakti and Awadh units. This initiative is expected to create 7,500 direct and indirect employment opportunities.
Infrastructure Development and Land Acquisition
The Bihar government has already acquired 1,700 acres for the industrial corridor and is in the process of acquiring an additional 1,300 acres. This corridor is being developed along a six-lane highway, providing essential infrastructure to support large-scale industrial projects.
Shyam Steel's Parallel Investment and MoU Progress
In a related development, Shyam Steel Manufacturing Company Ltd has committed to investing Rs 5,000 crore in Bihar. The company will set up a 1 MTPA integrated steel plant along the same Gaya-Dobhi Road corridor. Minister Jaiswal confirmed that an MoU with GMPL will be signed after Stage 1 clearance is obtained.
Broader Investment Attraction Strategy
The state government is actively engaging with other major corporations to further boost industrial growth. Talks are currently underway with:
- Coca-Cola
- JK Cement
- Dalmia
These discussions aim to establish new manufacturing plants in Bihar, diversifying the state's industrial base.
Political Commitment to Job Creation and Economic Growth
Minister Jaiswal reiterated the NDA government's ambitious goal of attracting around Rs 1 lakh crore in investments over the next five years. This initiative is part of a broader political promise to generate 1 crore jobs, addressing employment challenges and stimulating economic development in Bihar.
The concerted efforts to attract high-value investments in sectors like steel and semiconductors signal a strategic shift towards transforming Bihar into a manufacturing and technology hub. The upcoming presentation in Delhi represents a critical step in positioning the state as a competitive destination for global industrial players.
