A total of 38 Industrial Entrepreneurs Memorandum (IEM) were filed in Chhattisgarh with total investment of Rs 2,483 crore as on December 31, 2017.
This was compared to 50 IEMs filed with proposed investment of Rs 11,853 crores during 2016-17, as per the annual report 2017-18 of the Department of Industrial Promotion and Policy (DIPP).
A total of five Industrial Entrepreneurship Memorandum (IEM) (Part B) form were filed by the entrepreneurs for setting up projects and commencement of production in Chhattisgarh involving proposed investment of Rs 3993 crores during 2016-17 as on December 2016, according to the annual report 2016-17 of the Department of Industrial Promotion and Policy (DIPP) of the Union Ministry of Commerce and Industry.
Notably, the Industrial undertakings are required to intimate the commencement of commercial production by way of filing the prescribed ‘Part B’ of the IEM Form.
As per the liberalized industrial policy since 1991, all non-MSME industrial undertakings with an investment of above Rs 10 crore in plant and machinery for manufacturing sector and more than Rs 5 crore for service sector which are exempt from obtaining an industrial license are required to file IEMs.
Filing of IEMs is for the purpose of collecting data about the de-licensed sector on proposed investment and type of industrial activity.It is also useful for the purpose of conducting a limited scrutiny mainly to preclude manufacturing of a compulsory/SSI reserved item by IEM route.
Chhattisgarh also had five ‘Part ‘B’’ IEM forms filed involving an investment of Rs 2037 crore during financial year 2015-16, according to the annual report of Central government’s Department of Industrial Promotion and Policy (DIPP) for 2015-16.
The State did not have a single IEM implemented with no investment made during the financial year 2014-15 as on December 2014 in the non-MSME category, according to the report of the Union Ministry of Commerce & Industry, Department of Industrial Policy & Promotion.
As per the report, during the aforesaid period, a total of 37 IEMs were filed with the proposed investment of Rs 16,25,84 crores as on December 2014 in the State.The data made available is based on ‘Part-B of IEM form filled by entrepreneurs’, it stated.
Chhattisgarh is among 16 states which had implemented the ‘340-point Business Reform Action Plan 2016’ to design and implement an online single window system with functionality for online application, payment and approvals, the Central Government had informed recently.
The 16 States/UTs implemented this reform in 2016 are- Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Telangana, Uttarakhand, Uttar Pradesh and West Bengal, it informed.
The Department of Industrial Policy and Promotion (DIPP) has reported that Government of India has been working towards adopting international best practices and has made significant advancement over the years. Government has taken vigorous measures to make it easier to invest or to do business in India by undertaking various reforms.
Major national initiatives have been designed to facilitate investment; foster innovation and enhance skill development. The goodwill generated by the Government’s hard work and efforts has yielded an unprecedented level of interest among investors, both foreign and domestic, officials informed.
A 98-Point Action Plan for improving the regulatory framework for business as part of easing the doing business in the country was shared in December 2014. Subsequently, a report titled “Assessment of State Implementation of Business Reforms” was released in September 2015 capturing the findings after taking the stock of reforms implemented by States. The assessment, first of its kind, promoted both competitive and cooperative federalism among the States and Union Territories (UTs).
The first 98-point Action Plan created a wave of regulatory improvement measures and the need to sustain the momentum of the regulatory reform; a 340-Point Business Reform Action Plan for States and Union Territories (UTs) was circulated by Government to all States/UT Governments in the year 2015-16.
In order to ensure that all information is readily available to an entrepreneur intending to set up a business, a comprehensive single window system is envisaged with an online common application form for various clearances to industry/businesses.
Various States have created a dedicated Single Window body as a one-stop online system for State level regulatory and fiscal incentive approvals. It has provisions for filing applications, payment, status tracking, online scrutiny and application approvals.
DIPP in partnership with the World Bank Group, released the Business Reform Action Plan (BRAP) 2017 for implementation by States/UTs on April 13, 2017.
The BRAP includes 405 recommendations for reforms on regulatory processes, policies, practices and procedures spread across 12 reform areas, that is, labour regulation enablers; contract enforcement; registering property; inspection reform enablers; single window system; land availability and allotment; construction permit enablers; environmental registration enablers; obtaining utility permits; paying taxes; access to information and transparency enablers and sector specific reforms spanning the lifecycle of a typical business.