Patna: Bihar has received more than 700 investment proposals worth over Rs 9,000 crore in the last 15 months thanks to measures that have created an atmosphere conducive for industrial growth, state industry minister Jai Kumar Singh claimed on Tuesday.

The minister, who was speaking at the Legislative Council, highlighted what he called sustained efforts made by the state government under its Industrial Investment Promotion Policy, 2016, to draw investors to Bihar.

"Since January, 2017, 759 proposals of investment worth Rs 9,118 crore have been received.

"Out of these, 649 proposals have been given Stage 1 clearancee," the minister said while replying to a starred query by BJP MLC Rajesh Kumar regarding the investment climate in Bihar.

As per the Bihar Industrial Investment Promotion Act, 2016, Stage 1 clearance refers to examining the feasibility of a project by the State Investment Promotion Board and providing necessary approval to the investor.

The minister also said "financial incentive clearances have been given to 84 out of 123 proposals received and work has started on 30 such industrial units". PTI