• Source:JND

State Bureau, Patna: All approvals for setting up industries in Bihar will now be available within a month. The State Investment Promotion Board (SIPB) Secretariat has been authorised as the single nodal agency for this purpose. If for any reason the approval is not received within the stipulated time, SIPB will have the right to issue deemed clearance. Under the Bihar Industrial Investment Promotion Act-2016, SIPB has now got extensive administrative and legal powers.

30 Days Deadline

Now, after technical scrutiny and recommendation of any application related to establishment of industry by the SIPB Secretariat, it will be mandatory for the concerned competent authority to grant approval within 30 days or within the stipulated time limit.

ALSO READ: Bihar: CM Samrat Choudhary-Led Cabinet Clears Rs 43 Crore Dues Of Farmers, Takes 24 Key Decisions

This arrangement will not be merely an administrative directive, but will be legally binding. If any department or competent authority fails to make a decision within the prescribed timeframe, the SIPB Secretariat will issue a deemed clearance, protecting the interests of investors.

Compliance with this will be mandatory for the concerned department, and there will be no scope for reconsideration. This is a decision taken by the state cabinet, which Chief Minister Samrat Chaudhary posted on his Instagram account on Tuesday, announcing that the path to industry in Bihar will become easier.

He said that this decision has been taken with the aim of taking Bihar forward towards rapid industrial development, extensive employment generation and economic self-reliance.

Officers Will Be Deputed

To make the new system more effective, competent officers from various technical and regulatory departments will be directly deputed to the SIPB Secretariat.

All these officers will work under the direct administrative control and supervision of the Industrial Development Commissioner. This will allow for quick decision-making on a single platform.

“It has become easier for investors to set up industries in Bihar. Ensuring them a simple, transparent, and timely process is our top priority. The government's clear goal is to simplify the processes involved in setting up industries and free investors from unnecessary delays and administrative complexities,” said CM Samrat Chaudhary.

ALSO READ: Bihar Govt Offers Accident Insurance Cover Of Up To Rs 5 Lakh For Fishermen And Fish Farmers; Check Eligibility, Documents

Govt To Make SOPs

The Chief Minister said that the State Government will also formulate comprehensive Standard Operating Procedures (SOPs) for all permissions related to establishment, operation and expansion of industries.

This will ensure transparency, accountability, and efficiency in the approval process. He said that industrial development is the strongest foundation for Bihar's economic prosperity, employment for youth, and overall development of the state.

It is the resolve of the state government to make Bihar the most trusted and preferred investment destination for investors from India and abroad.

(With Inputs Vikash Chandra Pandey)


Also In News