Bihar SIPB Financial Clearance to Rs 44.50 Crore in Major Industrial Investment Proposals
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Patna: The State Investment Promotion Board (SIPB) has approved financial clearance for three significant investment proposals, totalling Rs 44.50 crore. Industry Minister Nitish Mishra, who announced the decision, outlined new policies designed to stimulate industrial growth and tourism in Bihar, while encouraging businesses to invest in the state.
Mishra also revealed that stage-one clearance had been granted for two additional proposals, valued at Rs 16.30 crore. These will be revisited at the next SIPB meeting for in-principle approval.
The meeting further saw the approval of investment proposals from companies such as Arwal Agro Industries, Alliancecare Biolifescience, Curemark Health Care, Shiv Shakti Rice Industry, and Ram Ring and Wire Nail Industries. Representing sectors like agriculture, healthcare, and manufacturing, these companies highlight the diverse potential of Bihar’s expanding industrial landscape.
In a further boost to the state’s investment profile, eight Stage-1 proposals worth Rs 5.33 crore were approved, alongside financial clearance for a unit with an investment of Rs 1.31 crore. Key government agencies, including the Bihar State Pollution Board and the Revenue and Land Reforms Department, participated in the meeting discussions.
