SHIMLA: Chief Minister Sukhvinder Singh Sukhu today directed the department of Industries to revamp its industrial policies and facilitation mechanism for investors in the State soon after Centre ranked Himachal Pradesh in the ‘top Achiever’ category in the Ease of Doing Business.
The ranking was released by the Department of Promotion of Industry and Internal Trade (DPIIT) government of India.
As directed by the CM, Director of Industries, Rakesh Kumar Prajapati, Additional Director Industries, Tilak Raj Sharma, and EY Consultants Sumit Sagar Dogra, Navreet Singh Beling led a state delegation and met the officials of Punjab Bureau of Investment Promotion- Invest Punjab and officers of Directorate of Industries, Punjab.
According to the state government spokesperson, CEO of Invest Punjab, Kamal Kishor Yadav shared about the constitution of the bureau to facilitate approval and clearances for investment projects in the State.
He informed that the Invest Punjab has been entrusted with the responsibility to ensure a smooth transition of projects from the proposal stage to the implementation stage
It enables Invest Punjab to work as a one-stop office for providing state-level regulatory clearances and approvals for fiscal incentives and is one-of-its-kind in India owing to its dual responsibility.
In the bureau, there are officers on deputation from participatory member departments that ensures timebound resolution of challenges and supports in quick grounding of investment in the State.
The bureau financial budget is supported through annual grant-in aid by the State Government and management fee for the support function.
Prajapati said inputs from Invest Punjab and other successful investment agencies in other States like Telangana, Rajasthan will be submitted to the State government for considering the formation of an investment bureau in the State.