The Chhattisgarh Government will form an “Investment Advisory Council” to provide a major boost to attracting industrial investment to the State.
A decision to this effect was taken at the 14th meeting of State Investment Promotion Board here on Friday. The Council would work towards creating an environment for boosting commercial and industrial activities in the State, an official press release issued here on Friday informed.
Notably, Chhattisgarh was ranked fourth among the “top five States” in the country, as per the ‘Ease of Doing Business’ ranking made by the Department of Industrial Policy and Promotion (DIPP), Government of India in 2015-16.
As part of the first authentic and comprehensive assessment ever undertaken in India, the State was ranked 4th among 32 States and UTs of the country, officials had stated. Gujarat had topped with a score of 71.14 % followed by Andhra Pradesh (70.12%), Jharkhand ( 63.09 %), Chhattisgarh ( 62.45%) and Madhya Pradesh ( 62%).
This was as per the detailed assessment undertaken by DIPP and validated by World Bank, covering 285 parameters, spanning across eight critical areas viz. setting up a business, allotment of land and obtaining construction permit, complying with environmental procedures, complying with labour regulations, obtaining infrastructure-related utilities, registering and complying with tax procedures, carrying out inspections and enforcing contracts, they had stated.
Chhattisgarh Chief Minister Raman Singh had congratulated all participating departments, in general and Department of Commerce and Industries in particular, for their contribution that has led to the State attaining such credible ranking.
He said, “It is a matter of great pleasure and pride to be recognized and acknowledged at the national level as one of the top five States providing congenial business environment.
In addition to this, ‘Competitive Cost of Doing Business’ is another major offering which makes Chhattisgarh as the most preferred Investment Destination, Singh had stated.