The Nitish Government Cancels ₹1426 Crore Investment Proposals in Bihar after reviewing several pending industrial applications. The state industry department rejected 48 proposals during the first stage of approval because many investors failed to meet required conditions.
Officials said most proposals lacked essential information even after repeated requests. Because of this, the government decided not to move them forward. The cancelled proposals covered sectors such as food processing, manufacturing, healthcare, plastics and rubber, renewable energy, textiles, leather, and wood industries.
Food processing had the highest number of rejected proposals, with 27 projects worth about ₹1241 crore. Several investors also withdrew their applications on their own, while a few projects did not qualify under the state’s industrial investment promotion policy.
Authorities said the review will remove inactive proposals and help the government focus on serious investors who follow state guidelines. The Nitish Government Cancels ₹1426 Crore Investment Proposals in Bihar decision is part of an effort to improve the approval process and attract genuine investments.
