In order to tap the vast potential of the State in attracting investment in sectors such as tourism, hospitality, resorts, pharmaceutical, MSME, engineering tools, information technology, health and wellness centers, herbal and Ayurved based projects, horticulture, power, food processing, real estate and education etc., the State government has decided for organizing a ‘Global Investors’ meet on 11-12 June, 2019 at Dharamshala in district Kangra.
The Chief Minister said that State had been blessed with immense potential in about every sector, but there was a need to harness it with well-planned manner so that environment and its fragile ecology did not get disturbed discriminately. He said that so far investment potential of Rs. 85,000 crore had been identified and proposed by the respective departments with Rs. 20,000 crore in power sector, Rs. 15,000 crore in manufacturing sector, Rs. 10,000 crore in tourism sector, Rs. 5000 crore in agriculture sector, Rs. 5000 crore in information technology, electronics and skill development, Rs. 5000 in housing and real estate sector, Rs. 5000 crore in health and Ayurveda sector and Rs. 2000 crore in infrastructure on logistics and PWD.
He said the State Government would provide all possible help to the potential entrepreneurs to invest in the State. He said that there was a need to make Himachal Pradesh Investment Promotion Policy by forming a Single Window Agency with Board of Governors which would go a long way in accelerating the pace of investment in the State. He said that common website for investors meet should be designed afresh so that investors did not face any difficulty in accessing the potentiality of the State on a click of button.
Jai Ram Thakur asked the Deputy Commissioners to identify ‘Land Bank’ in their respective districts with specific climate, locations and potentiality so that investors could set up their units according to the climate.
It has been decided to include all investment proposals into eight broad sectors namely agro-business, manufacturing, tourism and hospitality, power, health care and wellness, infrastructure and logistic, information technology and electronic and housing and real estate. All the departments have been directed to formulate time bound plans of action and reforms agenda to make the global investors meet a success.
These steps would include identification of areas for fresh investment, preparing a list of investable projects and preparing land banks for new projects to be offered to the potential entrepreneurs, review of policies and schemes with the view to making them more attractive and simplification of procedures for obtaining regulatory approvals etc. It has also been decided to formulate a new policy for micro, small and medium enterprises as they form the bulk of investment in the state. The Confederation of Indian Industry (CII) will be the national partner of the State for organizing the investors’ meet.
This plan of action will be achieved in close consultation and co-ordination with all the stakeholders and potential entrepreneurs. For this purpose, it has been proposed to organize five mini conclaves within the State. The mini conclave for tourism and hospitability will be organized at Dharamshala, for power and food processing at Shimla, for manufacturing and pharma at Baddi, for health care, Ayush, IT and electronics at Mandi and adventure tourism and small scale industries at Manali.
Six national road shows in prominent business carters of the country will also be organized where the best features of the State and its investment potential will be showcased. There will be two to three road shows abroad and Ambassadors meet at New Delhi involving 40-50 foreign missions based at Delhi. The main two-day event at Dharamshala will involve the presence of the top captains of the Indian industry and business besides foreign delegations and Union and State Ministers and senior government officials.
