India: To accelerate industrial growth and generate employment, the State Investment Promotion Board (SIPB) cleared 36 investment proposals worth US$172m at its meeting on 24 June 2026. The largest proposal was from UltraTech Cement, which will set up a 3.5Mt/yr cement plant in the industrial area at Katoria, Bihar, with an investment of US$66.8m. The project is reportedly expected to boost infrastructure and create jobs in the region.
UltraTech proposes 3.5Mt/yr plant in Banka
