Tuesday, June 22, 2021

Himachal government paves way for investors with its EoDB policies

The Himachal Pradesh is making all out efforts to strengthen the industries sector, as industry plays a pivotal role in the sustainable development. To make Himachal an ideal destination for investment, the State Government is ensuring balanced growth of industrial and service sectors.

The Himachal Government is now giving priority to approval of NOC under Section 118, State Level Single Window Clearance which facilitating the approval process for investing in the state. The Government created policies which include Himachal Pradesh Tourism Policy 2019, IT Policy and Ayush Policy, under which various assistance were being ensured to investors. Film Policy-2019 has been notified to make Himachal first Preference State for film producers.

Himachal Government has notified the Himachal Pradesh Industrial Investment Policy-2019 to create a congenial investment climate for existing industries to grow as well as attract further investment in the State for creating employment opportunities for local youth and to ensure development of Industrial and Service Sector throughout the State.

The Policy specifically addresses issues impeding industrial growth and ensures simplification of procedures, key physical and social infrastructure, human resource development, access to credit and market. The Policy also promotes Ease of Doing Business (EoDB) by digitization of all processes and to promote self certification. Impetus is being given to food processing industry by establishing effective forward and backward linkages, promoting Agro-Horticulture and rural prosperity through the Policy.

MUST READ  PM KUSUM Yojana implemented in Himachal Pradesh to provide irrigation facility to farmers

The aim of Himachal Pradesh Industrial Investment Policy-2019 is to promote MSME sector for uniform sustainable growth of service and industrial sector throughout the State to facilitate generation of employment opportunities for local youth and stakeholders. The Policy also aims to promote start- ups and entrepreneurship to create and generate local entrepreneurial base.

To facilitate entrepreneurs, State Government has improved the Ease of Doing Business. Under Ease of Doing Business (EoDB), Himachal Pradesh started its journey from 17th position and now has been ranked 7th in the country and has been considered as the number one State, who has performed exceptionally well in its journey of reforms under EoDB. The State has also improved its implementation score from 65.48 percent in 2017-18 to 94.13 percent in 2019 and also emerged as fastest growing state in the EoDB. The State has emerged as the leading Hill State and aspiring leader and recognized for regulatory change. The State has also topped in the ranking done by NITI Aayog as regards efforts being made to achieve the Sustainable Development Goals.

MUST READ  Two Republic TV journalists, driver arrested
MUST READ  Punjab govt expedites infrastructure development of medical colleges: Soni

In order to turn the educated youth from job seekers to job creator and to give support to the ‘Startup’ and ‘innovative projects’ in the state and to provide skills to the youth and potential investors to develop entrepreneurship “Chief Minister’s Startup/Innovation Projects/New Industries Scheme” has been started. Till date, about 100 people have benefitted from this scheme in the state, with an expenditure of Rs. 1,69,52,648.

This initiative envisages various incentives for startups so as to enable the entrepreneur’s success in their ventures. It also makes provision of creation of incubation Centers in the host institutions in the State in order to build capacities, develop networking, establish necessary infrastructure and generate awareness.

With an objective of providing impetus to sustainable and inclusive socio-economic development in the state, the State Government organised Rising Himachal- Global Investors’ Meet, which attracted an estimated investment worth 96,721 crore and 703 MoUs were signed.  Keeping in view the success of the Global Investors’ Meet, the State Government is aiming to organise another ground breaking ceremony on the occasion of three years of completion of the State government.

Latest news

Yoga originated in Nepal, not India: Nepal PM

Nepal caretaker Prime Minister KP Sharma Oli on Monday claimed that Yoga originated in Nepal, adding that India wasn't around when Yoga started in...

21 cases of mutated covid delta variant in Maharashtra

Twenty-one cases of the Delta Plus Covid variant, the mutant version of the Delta variant that unleashed the devastating second wave of the pandemic,...

MS Dhoni in the hills with family

Former India captain MS Dhoni prefers to not be very active on social media, and since Indian Premier League (IPL) 2021 was suspended mid-way...

Related news

Yoga originated in Nepal, not India: Nepal PM

Nepal caretaker Prime Minister KP Sharma Oli on Monday claimed that Yoga originated in Nepal, adding that India wasn't around when Yoga started in...

21 cases of mutated covid delta variant in Maharashtra

Twenty-one cases of the Delta Plus Covid variant, the mutant version of the Delta variant that unleashed the devastating second wave of the pandemic,...

MS Dhoni in the hills with family

Former India captain MS Dhoni prefers to not be very active on social media, and since Indian Premier League (IPL) 2021 was suspended mid-way...

Covid vaccines running out in poorer countries: WHO

A large number of poorer countries receiving Covid-19 vaccines through a global sharing scheme do not have enough doses to continue programmes, the World...

Euro 2020: Security guards get very handsy with scantily-clad streaker

A pitch invader advertising cryptocurrency is creating headlines across Europe after running onto the field in the middle of a Euro 2020 match. The scantily-clad...

Missing woman found dead in Victoria with her dog on her side

The body of a missing elderly woman has been found next to a burnt-out car, along with her dog who stayed by the Victorian's...

Queensland has one new Covid -19 case, opens borders with Victoria

One new case of coronavirus has been recorded in Queensland. The man, in his 60s, attended a restaurant at Ellen Grove at the same time...

Tajinderpal Toor qualifies in Shot Put for Tokyo Olympics

With a 21.49 m Shot Put throw, Tajinderpal Toor has today qualified for Tokyo Olympics after breaking his own National Record at Indian Grand...