Bihar has the potential to become the top location for supply chain and logistics investments: Shahnawaz Hussain, Syed

Bihar Industries Minister Syed Shahnawaz Hussain said Bihar has the potential to be the best place to invest in the Supply Chain and Logistics Sector . Bihar is well connected with its neighboring states, and the total market area for these states is 55 crores .

New Delhi, India, June 25, : In an interview with Delhi, Bihar Industries Minister Syed Shahnawaz Hussain said on Friday that Bihar has the potential to be the best place to invest in the Supply Chain and Logistics Sector.During the function, Bihar Minister Vikas Agarwal, Managing Director of South Asia of Moller-Maersk (AP Moller-Maersk), Prakash Gaur, CEO of National Highways Logistics Management Limited (NHLML), and Manoj Nair, Director, ET Edge said that the Supply Chain Management and Logistic system is the most essential fuel for a nation's growth, and that it is also the highest.Bihar is also a part of this ecosystem, and I represent this region.We are therefore gearing ourselves for a big leap in this sector, despite the fact that this sector has a huge potential, the minister said.

In addition, it would also attract domestic and foreign investment, according to Hussain.Bihar is well connected with its neighboring states, and the total market area for these states is 55 crores.We also have a well-developed network, vast water resources, and cheap labor force.All of them have a huge opportunity for companies in this sector to invest in Bihar, he said.

We are therefore preparing ourselves for a major leap in this sector, considering the immense growth potential in this sector.With the adoption of these measures, we anticipate a rapid growth in micro, small, medium, and large industries.Moreover, it will attract domestic and international investment and will provide jobs to Bihar's youths.In general, the state is moving toward a new phase of industrialization at a rapid rate, and the supply chain and logistics industry plays a vital role in creating a conducive industrial environment in Bihar.