Patna: The 68th meeting of the State Investment Promotion Board (SIPB) was held on June 24 under the chairmanship of Development Commissioner-cum-Chairman SIPB Shri Mihir Kumar Singh, where major investment proposals aimed at boosting industrial growth in Bihar were approved.
SIPB Clears 36 Projects Worth Rs 1,628.60 Crore
The board granted Stage-I clearance to 36 investment proposals with a total proposed investment of Rs 1,628.60 crore. In addition, financial approval of Rs 44.89 crore was accorded to seven projects across different sectors.
Officials said the approvals are expected to strengthen industrial activity in the state and generate employment opportunities across multiple districts.
UltraTech Cement Project Approved in Banka
Among the major proposals, UltraTech Cement Limited received approval for setting up a 3.5 million MTPA cement manufacturing unit at the Industrial Area, Katoria in Banka district. The project involves an investment of Rs 630.97 crore and is expected to significantly enhance cement production capacity in the region.
Other Key Industrial Proposals
Several other companies also received approvals, including Tiwana Nutrition Global Private Limited, Ankoor Tradevista Pvt. Ltd., Trycon Logistics and Support Services Private Limited, GreenExcel Private Limited, Somayan Remedies Private Limited, Himalaya Medical College & Hospital, BABA GREEN ENERGY, RK Shirts Private Limited, ARWAL AGRO INDUSTRIES PRIVATE LIMITED, and SHRI GRISHNESHWAR COLD STORAGE PRIVATE LIMITED, among others.
Focus on Faster and Transparent Approvals
During the meeting, emphasis was laid on simplifying the investment approval process and making it more transparent and time-bound. Discussions were also held on addressing operational challenges faced by investors to improve Bihar’s ease of doing business environment.
Officials noted that the cleared proposals are part of the state’s broader strategy to position Bihar as a competitive investment destination and strengthen its industrial ecosystem through sustained private sector participation.
