Bihar's Investment Board Approves Major Projects to Boost Industrial Growth
In a significant move to boost industrial investment, Bihar's State Investment Promotion Board held its 68th meeting, approving 36 projects worth ₹1628.60 crores. The meeting emphasized simplifying investment processes and addressing challenges faced by investors. Key proposals included a major cement plant by UltraTech Cement and several other initiatives aimed at strengthening the state's industrial base and creating jobs. This strategic focus positions Bihar as a competitive hub for investment.
| Jun 24, 2026, 18:03 IST
Successful Meeting of Bihar's State Investment Promotion Board
Patna: The 68th meeting of the State Investment Promotion Board (SIPB), chaired by Mihir Kumar Singh, the Commissioner and Co-Chairman, was successfully held today. The meeting focused on discussing various investment proposals aimed at enhancing industrial investment in the state. A total of 36 projects received Stage-1 clearance with an investment of ₹1628.60 crores, while 07 projects were granted financial approval amounting to ₹44.89 crores. These initiatives are expected to accelerate industrial development, create jobs, and stimulate regional economic activities in Bihar.
During the meeting, there was a strong emphasis on simplifying, making transparent, and expediting the investment approval processes. In-depth discussions were held on effectively addressing the practical challenges faced by investors, with the goal of making Bihar a more favorable and competitive state for investment. Among the key investment proposals approved was one from UltraTech Cement Limited for the establishment of a cement unit in Kataria, Banka, with an investment of ₹630.97 crores, which will have a capacity of 3.5 million MTPA.
Additionally, approvals were granted to several other investment proposals, including those from Tiwana Nutrition Global Private Limited, Ankoor Tradevista Pvt. Ltd., M/s Trycon Logistics and Support Services Private Limited, GreenExcel Private Limited, M/s 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.
The implementation of these investment proposals is set to strengthen the industrial base in Bihar and mark significant progress towards establishing the state as a key hub for investment and job creation.