1. Haryana promises hassle-free business environment to attract investment

Haryana promises hassle-free business environment to attract investment

Ranked 14th in the ease of doing business index recently prepared by the World Bank, Haryana says it will ensure a hassle-free and cost-effective business environment to attract investment and make it to the top five in the ranking within the next few months.

By: | New Delhi | Published: January 16, 2016 12:23 AM

Ranked 14th in the ease of doing business index recently prepared by the World Bank, Haryana says it will ensure a hassle-free and cost-effective business environment to attract investment and make it to the top five in the ranking within the next few months.

Addressing the CII’s National Council Meeting, chief minister Manohar Lal Khattar said that the recently-launched Enterprise Promotion Policy, 2015 aims at attracting R1 lakh crore investment and creating four lakh new jobs in the state.

Keeping that, and the competition among the states for catching investors’ fancy, in mind, Haryana would do whatever it takes to make sure that cost remains within the comfort level of the investors, time is not unnecessarily wasted for clearances, and they do not get mentally fatigued to set up shops in the state.

Khattar said the e-portal launch was meant to facilitate investors in the state, and is a step in the direction which would ensure clearances under one roof. The Enterprise Promotion Policy, 2015 has also laid down a roadmap for providing a stable and reform-oriented framework for new investments as well as the existing industry.

Stating that investment in the state has not been equally distributed, he said investors who would set up business in the remote parts would be given special incentives and projects worth up to R10 crore could be sanctioned at the deputy commissioner level, while more than R100 crore investment projects would fall under the mega category. Khattar also invited industry leaders to be part of the ‘Happening Haryana Global Investors Summit’ scheduled during March 7-8 in Gurgaon.

The ranking of the states, prepared by the World Bank at the behest of the government, was based on eight specified parameters which include setting up of business, allotment of land, labour reforms, procedure for environmental clearance, infrastructure, procedure for registration for tax purposes and inspections for compliance of various norms.

Haryana’s industries minister Captain Abhimanyu said that the overall ecosystem in Haryana is changing and government is focused on complete transformation of regulatory framework in Haryana through liberalised and transparent development regime. The state is also ready with its labour reforms, which would be tabled in the Budget session of the state assembly.

“Our labour reforms will be even more progressive than Rajasthan,” he said.

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