A decision will be taken regarding the investment bureau to be set up in the state in the upcoming budget session of the Himachal Vidhansabha. Sukhwinder Singh Sukhu’s government is going to take this step to bring investment in the state and an important bill in this regard is being introduced in the assembly. In fact, the state government will set up an investment bureau through a new act. In this, investors will be relieved from many formalities.
After the formation of the Investment Bureau, the government departments will take all kinds of wages for the investors. Presently single window system is applicable for approval of industrial proposals and this system will now be replaced through Investment Bureau. Under this, the process of approval under Section 118 going to Delhi can also be changed. It would be a little simpler. There have been two meetings in this regard at the level of the Chief Minister and now a review meeting is awaited. After this, opinion will be taken from all the advisory departments on the draft of the bill and then it will be placed in the assembly.
In fact, after Himachal gets Bulk Drug Park from the Government of India, a new investment environment will be created in the state. New investment can come especially in the pharma sector.
Industries Minister Harshvardhan Singh Chouhan said that Himachal would now set up an effective Investment Bureau, which would be completely different from other states. Because ministers related to land, forest and environment take a lot of time, so this time is being reduced. Many types of incentives will also be given to invest in the state.
