Patna, June 9 -- The Bihar government Tuesday approved a landmark reform aimed at accelerating industrial investment in the state by mandating time-bound clearances and introducing a deemed approval mechanism for delayed decisions.
Chief Minister Samrat Choudhary said here that under the new arrangement, the State Investment Promotion Board (SIPB) Secretariat will function as a fully empowered Single Nodal Agency for industrial approvals under the Bihar Industrial Investment Promotion Act, 2016.
The Chief Minister said the government is committed to providing investors with a simple, transparent, and efficient system for setting up industries in Bihar. He said all competent authorities will now be required to grant approvals related to in...