The Indian Tobacco Company (ITC) chairman Y. C. Deveshwar, on the second day of the Global Bihar Meet in Patna on Saturday, announced the company's decision to invest Rs. 300 crore in various schemes, including primary education and health care in Munger district.

On the second day of the conclave, guests from nearly ten countries put forth their views on "Overview of Challenges, Opportunities, and Development Strategy of Bihar".

"We are adopting Munger for developmental purpose and we encourage others to take similar steps for their own home town or village. If we all adopted a town or a village, there is no reason why we could not turn Bihar into a highly developed state within a short period of time," Deveshwar said adding he had long relationship with Munger and therefore his interest in the district.

Noted economist and a professor of the London School of Economics Lord Meghnad Desai, in his speech, said the government should concentrate on stopping brain drain from Bihar.

"Politicians are too busy working for themselves. Now is the time to think about the state and if we all followed up on the suggestions made by President Kalam in his yesterday's speech, people of Bihar can change the face of the state in a positive way," Lord Desai said.

Chief Minister Nitish Kumar, Deputy Chief Minister Sushil Kumar Modi, and a number of Cabinet ministers were present at the occasion.