Aiming to further expand the industrial network, the NDA government in Bihar has cleared a total of 135 proposals worth Rs 71,289.64 crore, submitted by big entrepreneurs for setting up medium and large industries.
“All these proposals have been approved by the State Investment Promotion Board (SIPB),” state’s industry department sources told PTI today.
The proposals are related to sugar mills, ethanol, engineering and medical colleges and power production in the state, the sources added.
A sum of Rs 602.54 crore had already been spent on various activities pertaining to the cleared projects, which are likely to create job opportunities for over 114,000 people, the sources said.
The proposals approved by the SIPB include opening of 23 new sugar mills and the expansion of seven existing ones, apart from the production of ethanol in two sugar mills and five sugarcane juice production plants.
The projects regarding five power plants, 12 food processing units and 15 steel processing and cement plants have also been cleared, the department added.
The investors have also evinced interests in the knowledge sector which is evident from the proposals for opening engineering colleges and management institutes, apart from the medical colleges and hospitals, they said.