SIPB clears 135 proposals for investment of Rs 71,289 crore

Patna, Aug 17 (UNI) The State Investment Promotion Board (SIPB) has cleared 135 proposals for investment in medium and large scale industries.

Sources at the Bihar Industry department said the proposals of about Rs 71,289.64 crore had been given the green signal to boost industrialisation in the state. The proposals were mostly related to the sugar industry, ethanol and power generation.

The sources said the projects would create job opportunities for nearly 1.14 lakh people in the state.

The proposals cleared included 23 projects for opening new sugar mills and expansion of the seven existing ones. Besides, the project also include proposals for ethanol production in two sugar mills.

The sources said proposals for five power plants, 12 food processing units and 15 steel and cement plants had also been cleared by the department.

The investors have shown keen interest in the Information Technology (IT) sector and the private parties have also proposed for opening engineering colleges, medical colleges and management institutes.

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