Himachal Chief Minister Sukhvinder Singh Sukhu has directed officials of the Industry department to work on a proposal for setting up a dedicated investment and facilitation bureau in the State.
Presiding over a review meeting with the department of Industries on Wednesday evening, he said this will help in providing all clearance and approvals in time bound manner, thereby enhancing the momentum of investment in the State. This proposal would play a pivotal role in making Himachal Pradesh as the most preferred investment destination for investors.
Sukhu said this bureau will provide one stop solution for the investment in various sectors such as Industries, Tourism, Food Processing, Ayurveda, IT/Information Technology Enabled Services (ITeS), Power, Health and Education Institutions. He directed to prepare a document with all the requisite policies and rules for the bureau. Directions were also given to expedite the process of appointing a transaction Advisor for selection of Strategic Investor for the Bulk Drug Park.
Principal Secretary, Industries, R.D. Nazeem shared broad contours of the proposed Investment Promotion and Facilitation Bureau for the State, which will have vested powers for granting approvals and clearances for the projects with capacity of more than Rs.10 crore. He informed that senior experts from line departments will be brought on deputation to the Bureau, thereby granting requisite approvals in time-bound manner. Nazeem also apprised of the urgent need to select a strategic investor for development, operation and maintenance of upcoming Bulk Drug Park in Una.