bihar industry policy: Approval of 54 proposals of investment
Patna: Under the new industry policy, 54 new proposals of private investment have been approved in the past. There are five proposals of more than 100 million. These proposals, approved by the State Investment Promotion Council (SIPB), will be private investment of 214.44 crore. Most small units are proposed to be installed. In order to attract private investors, the state government revised the industry policy of 2006 again in 2011, which lasted five years. Roadshow was organized to invite investors to Bihar from global meat to metro cities like Mumbai, Delhi, Bangalore etc. But there was no major proposal for investment. Now the state government is focusing on small investors only.
Private investment of 214.44 crores, only five proposals of more than 10 crores
In the new policy made in 2016, several provisions have been made once again to attract investors. It has been decided that the proposals sanctioned by SIPB will be given to the clearance of the second stage in each case within one month. Single window system has been made online for this. If not cleared within a month, it will be automatically accepted. SIPB has also been reconstituted again. Industry department officials said that these investors were attracted to the state after seeing the new initiative. The 54 proposals approved include a corrogated card box making unit of Rs 64 lakh, unit of packaged dinking water of 2.63 crore, poultry layer formation of 1.30 crore, unit of PVC piped 1.07 crore, 1.90 crore Cold storage cost, chest mill of Rs 63.3 lakh etc. are prominent. BRGF’s 4885.60 million: In February-March this year, when the team of the Commission was conducting inspection of the projects under construction from BRGF in the area of Patna and Uttar Bihar, they praised those projects. It was agreed that the remaining funds will be available soon. But in the financial year ended, the electricity and especially the Paths Construction Department remained waiting for the amount received under the BRGF.
