Patna: The Bihar government has announced a new policy under which approvals required for setting up industries in the state will be processed within 30 days.
Chief Minister Samrat Choudhary, who also oversees the finance portfolio, said on Tuesday that the move is intended to accelerate industrial investment and make the state a more attractive destination for businesses.
According to the government, projects will not be held up for long if approvals are not granted within the stipulated timeframe.
SIPB Secretariat to act as single nodal agency
As part of the reform, the State Investment Promotion Board (SIPB) Secretariat has been authorised as the single nodal agency for processing industrial approvals.
The government said the decision is aimed at strengthening the state’s single-window clearance mechanism and reducing procedural hurdles for investors.
Under the new arrangement, approvals and permissions from multiple departments will be coordinated through a single platform, eliminating the need for investors to approach different offices separately.
Focus on faster and more transparent clearances
Officials said centralising the approval process is expected to improve inter-departmental coordination and make the system more transparent, accountable and time-bound.
The government stated that faster decision-making and streamlined procedures would help create a more business-friendly environment in the state.
Investment and employment expected to benefit
The state administration expects the measure to encourage fresh investments and increase industrial activity across Bihar.
Officials said new industrial projects could generate employment opportunities for local youth and contribute to the state’s economic growth.
The government has positioned the initiative as part of a broader effort to strengthen Bihar’s industrial ecosystem and improve investor confidence.
Push to improve ease of doing business
The announcement comes as Bihar seeks to attract greater private sector participation and improve its ease-of-doing-business framework.
The government said the new approval mechanism is intended to provide investors with quicker access to services while supporting long-term industrial development and job creation in the state.
