Bihar has taken major stride in Industrial development in past 6 years and there has been huge investment in industrial sector. Hundreds of Business Proposals have been approved and several are in the pipeline. Here is a partial summary of what has happened in past few years.
1. Investment in 59 industrial units worth Rs 3,675 crore has been approved by the State Investment Promotion Board (SIPB) and it has gone into operation while 151 other units are at various stages of progress
2. 98 food processing units worth Rs 1,609 crore project cost have been approved
3. 50 Industrial units have been paid Rs 120 crore as grant, with Rs 5 crore as subsidy cap for each unit.
4. Bihar Industrial Area Authority (BIADA) had given land to 1,120 units till now. 1,035 units had gone in operation, 308 others were at various stages of progress
5. Bihar now produces 5,000 MT of sugar every year.
6. Its cane crushing capacity had increased from the earlier mark of 37,200 metric tonnes per day to 68,000 metric tonnes per day.
7. Two sugar units would go into production this year, and four others were at various stages of modernization
8. Bihar would conduct sample survey of the state’s industries small, medium and big industries.
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