Patna: In a major push to accelerate industrial growth and generate employment, the State Investment Promotion Board (SIPB) cleared 36 investment proposals worth Rs 1,628.60 crore at its 68th meeting on Wednesday. The meeting was chaired by development commissioner-cum-SIPB chairman Mihir Kumar Singh.The board also approved financial support of Rs 44.89 crore for seven projects. Singh said the state govt is systematically removing operational bottlenecks to ease investments. “Our focus is to make the approval process simpler, transparent and time-bound. We are resolving real-world challenges faced by investors to position Bihar as a competitive investment destination,” he said.The largest proposal cleared was from UltraTech Cement Limited, which will set up a 3.5 MTPA cement plant in the industrial area at Katoria in Banka with an investment of Rs 630.97 crore. Officials said the project is expected to boost infrastructure and create jobs in the region.Projects from sectors such as food processing, logistics, healthcare, renewable energy and agro-based industries were also approved. Key proposals included those by Tiwana Nutrition Global Pvt Ltd, Ankoor Tradevista Pvt Ltd, Trycon Logistics and Support Services Pvt Ltd, and GreenExcel Pvt Ltd.The board also cleared projects of Himalaya Medical College & Hospital, Baba Green Energy, RK Shirts Pvt Ltd, Arwal Agro Industries Pvt Ltd, and Shri Grishneshwar Cold Storage Pvt Ltd. Officials said these initiatives will strengthen the industrial ecosystem and help Bihar emerge as a hub for manufacturing and logistics.
