India News | DEL107 BIZ-BIHAR-INVESTMENT Bihar Govt Approves Investment Proposals Worth Nearly Rs 30,000 Crore

Patna, Dec 16 (PTI) The Bihar government's State Investment Promotion Board has approved investment proposals worth nearly Rs 30,000 crore.

This includes in-principal for proposals worth nearly Rs 29,000 crore in-principle approval (Stage 1) for 52 units and final financial approval to 35 proposals totalling around Rs 600 crore.

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The approvals were given during the 58th meeting of the State Investment Promotion Board, according to an official statement.

So far this financial year, the in-principle approvals have been given to 260 proposals, while financial approvals have been granted to 161 proposals.

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The meeting was attended by Industry Secretary Bandana Preyashi.

The Bihar government has created the State Investment Promotion Board to approve investment proposals.

Bihar Business Connect - the annual investor meet of the state - drew "tremendous success by signing MoUs of more than Rs 50,000 crore" of investment proposals in its maiden show in 2023, he noted.

The second edition is scheduled to be held here on December 19-20.

The State Investment Promotion Board gives clearance to the proposals of companies investing in the state through a single window.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)