Patna, Jan. 7: Big investments may not be coming in but the smaller ones of few hundred crores have started trickling in the state, courtesy its own private entrepreneurs.

Though the much-hyped private investment proposals of Rs 1.90 lakh crore cleared by the State Investment Promotion Board (SIPB) five years ago may not have translated into ground reality, with the dawn of the new year the old and established industrialists have come forward for the development of their home state.

The Confederation of Indian Industry (CII) Bihar state council chairman, Satyajit Kumar Singh, who successfully set up and earned laurels for his entrepreneurial skill in marketing Bihar’s food product makhana, is now eyeing to cash in on the Rs 2,000 crore mustard oil market.

Singh, who has already set up his Shakti Sudha company for makhana processing unit at Patliputra industrial area in Patna a few years ago after getting clearance from SIPB, is now ready to set up a Rs 50 crore mustard extraction oil company.

Singh said: “Like Sudha, which has brought in money into the state by selling butter product in other parts of the country on the same pattern, I want to set up mustard oil unit in Patna to tap the market. Currently, oil comes from Gujarat and Madhya Pradesh.” Besides this, Shakti Sudha, a company promoted by Satyajit Singh, is planning to set up a bicycle company at Hajipur.

Singh said: “We are planning to establish a bicycle industry in collaboration with a reputed company by the end of March for which necessary approvals will be received by February.”