Patna: The 67th meeting of the State Investment Promotion Board (SIPB) concluded on Wednesday, clearing 16 industrial projects with a combined proposed investment of Rs 2,484.06 crore and granting financial approval to four projects worth Rs 46.86 crore, according to the Department of Industries, Government of Bihar.
The meeting, chaired by Development Commissioner-cum-SIPB Chairman Mihir Kumar Singh, focused on accelerating industrial investment in the state and reviewing proposals aimed at boosting manufacturing capacity, employment generation and regional economic development.
Officials said stage-1 clearance was granted to 16 projects, while four proposals received final financial approval. The board also reviewed measures to simplify and expedite investment approvals, with an emphasis on transparency and reducing procedural delays for investors.
Among the major approvals was a proposal by Ambuja Concrete North Private Limited to set up a cement manufacturing unit with a capacity of 8,219 metric tonnes per day at the Mahwal Industrial Area in Muzaffarpur, involving an investment of Rs 1,114.94 crore.
The board also cleared a project by Dalmia Cement (North East) Limited for a 2.5 million tonnes per annum cement plant in Kishanganj with an investment of Rs 573.76 crore, along with another proposal by Dalmia Bharat Green Vision Limited to establish a similar capacity unit in Mahwal, Muzaffarpur, involving Rs 573.15 crore.
Other approved proposals included investments from KNSG Aluminium Pvt Ltd, A2R Mehta Star Hotels LLP, S Rajdev Buildz LLP, IconSpiral Electronics Pvt Ltd, SITA Agro Food Products, and SAPL Industries Private Limited.
The Industries Department said the cleared projects are expected to strengthen Bihar’s industrial base and improve economic activity across key districts, while also contributing to job creation in manufacturing and allied sectors.
