Bihar govt clears 135 proposals worth Rs 71,290 cr

Aiming to further expand the industrial network, Bihar's NDA government has cleared altogether 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 said today.     

The proposals are related to sugar mills, ethanol production, engineering and medical colleges and power production in Bihar, the sources said.     

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 1.14 lakh people, the sources added.     

The proposals approved by the SIPB include opening of 23 new sugar mills and the expansion of the seven existing ones, apart from the production of ethanol in two sugar mills and five sugar cane 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.     

Keen interests have also been shown by the investors in the knowledge sector which is evident from the proposals for opening 10 engineering colleges and management institutes and 15 medical colleges and hospitals, they said.