Patna, June 24: A major industrial expansion is underway following the clearance of dozens of key development projects aimed at boosting the regional economy. The State Investment Promotion Board (SIPB) granted Stage-I clearance to 36 distinct projects, representing a total proposed investment of ₹1,628.60 crore. Officials also accorded financial approval amounting to ₹44.89 crore to seven specific projects during the high-level review meeting.
The massive capital influx is projected to provide a substantial boost to economic activities, employment generation, and overall industrial development. Led by Shri Mihir Kumar Singh, Development Commissioner-cum-Chairman of the SIPB, the board focused heavily on streamlining administrative hurdles for incoming businesses. Board members asserted that special emphasis is being placed on making the investment approval process simpler, more transparent, and strictly time-bound to maintain a competitive edge.
A massive manufacturing facility forms the centerpiece of this latest regulatory milestone. UltraTech Cement Limited, specifically the Unit–Banka Cement Works, secured official approval to establish a 3.5 million MTPA cement manufacturing unit. The mega-project will be situated at the Industrial Area in Katoria, Banka, and represents an individual investment of ₹630.97 crore.
Beyond the heavy manufacturing sector, the approvals span a diverse range of industries including logistics, healthcare, energy, and agriculture. Representatives declared that clearances were also granted to prominent firms such as Tiwana Nutrition Global Private Limited, Ankoor Tradevista Pvt. Ltd., M/s Trycon Logistics and Support Services Private Limited, and GreenExcel Private Limited. Other approved ventures include M/s Somayan Remedies Private Limited, Himalaya Medical College & Hospital, BABA GREEN ENERGY, RK Shirts Private Limited, ARWAL AGRO INDUSTRIES PRIVATE LIMITED, and SHRI GRISHNESHWAR COLD STORAGE PRIVATE LIMITED.
Administrative leaders maintained that detailed deliberations were held to address the practical, day-to-day challenges faced by investors on the ground. The successful execution of these diverse proposals is expected to fortify the local industrial ecosystem, marking a definitive step toward establishing the region as a primary hub for sustainable job creation and commercial enterprise.
