In major reform, Bihar govt to approve investment proposals for state within 30 days
PATNA, June 9 -- In a move to improve the ease of doing business, the Bihar government has mandated a 30-day deadline for all clearances related to industrial investment proposals. Any proposal not decided upon within this timeframe will automatically receive "deemed approval", making it legally binding.
Chief minister Samrat Choudhary announced the policy change on Tuesday, describing it as a decisive step to accelerate industrial growth and attract fresh investment into the state. "Only 30 days for approval of industrial setup - giving new speed to investment in Bihar!" Choudhary posted on X.
The amendment to the Bihar Industrial Investment Promotion Act, 2016, was formally approved by the state cabinet at a meeting chaired by the CM ...
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