58th meeting of the State Investment Promotion Board: New Momentum for Industrial Development in Bihar

Under the able leadership and vision of the Chief Minister of Bihar, Shri Nitish Kumar, the State Government is continuously working towards promoting industrial development and investment. Under his guidance, the Bihar Government has strengthened the industrial policy and created a favorable environment for investors. Various schemes and programs being run under the leadership of the Chief Minister have played an important role in establishing the state as an attractive investment destination.

The Bihar Government is constantly striving to encourage investment and investors in the state. For this purpose, Food Processing Investor Meet in Patna, Ambassador Meet in Delhi, Investors Meet in various states of the country, Udyam Panchayat and many impressive programs were organized recently under the aegis of the Department of Industries, Government of Bihar. Apart from this, the amount of the first and second installments were also distributed to the beneficiaries under the Chief Minister Udyam Yojana and Bihar Small Entrepreneur Scheme respectively.

Senior officials and delegations of the state are regularly visiting various states in the country so that investors are made aware of the investment possibilities in Bihar and the policy initiatives of the state government. At the same time, efforts are being made to implement the industrial processes and technologies being adopted in those states in Bihar.

In this sequence, the 58th meeting of the State Investment Promotion Board was organized today under the chairmanship of the Development Commissioner, Bihar. In this meeting, important decisions were taken with the aim of accelerating industrial development in the state.

In the meeting, a total of 52 units were given Stage-1 in-principle approval of Rs. 28,881.55 crore, while 35 units were given financial approval of Rs. 609.26 crore.

Achievements so far in the financial year 2024-25:

• A total of 260 units were given Stage-1 in-principle approval of Rs. 4,670.07 crore.
• A total of 161 units were given financial approval of Rs. 1,739.59 crore.

In the meeting, approval was given to Sun Petrochemicals Pvt. Ltd., Pinax Steel Industries Pvt. Ltd., Vardhan Business Associates Pvt. Ltd., Sanjeev Woolen Mills (OPC) Pvt. Ltd., SLMG Beverages, Leap Agri Logistics (Madhubani) Pvt. Ltd., Regal Resources Ltd., Anmol Industries Ltd., Naturals Dairy Pvt. Ltd. and other companies.

The meeting was prominently attended by Mrs. Bandana Preyasi, Secretary, Industries Department, Mr. Lokesh Kumar Singh, Secretary, Tourism Department, Mrs. Ashima Jain, Secretary, Finance Resources, Mr. Alok Ranjan Ghosh, Director, Industries Department, Mr. Neeraj Narayan, Member Secretary, State Pollution Board, along with members of Bihar Industries Association, Bihar Chamber of Commerce and Industries and other officials.

Through this meeting, another important step has been taken towards promoting industrial development and investment in Bihar. This move of the Bihar government will prove to be significant in changing the industrial scenario of the state, and will help in increasing employment opportunities in the state.