Fri, Oct 28, 2016 | updated 04:03 AM IST

Six Indian states present investment opportunities to BRICS Trade Fair, Business Forum delegates

Updated: Oct 14, 2016 11:06 IST

New Delhi [India], Oct.14 (ANI): In a session on investment opportunities by states of India, representatives of six states of India made presentations to the delegates attending the BRICS Trade Fair and BRICS Business Forum on the myriad investment prospects in their states.

Showcasing investment opportunities of Goa, the presentation highlighted that Startup Goa has been launched as a grassroots initiative to sprout tech companies from Goan soil.

Goa is a tourism destination hence new tourism services have been initiated to boost tourism in the state. The government of Goa is also encouraging investments in Research & Development, engineering design and technology solutions, manufacturing of components to name a few.

With strong economic indicators and as one of the highest per capita income, Haryana offers a number of opportunities for the investors to invest and grow. The State Government has taken steps for putting into place policy framework for strengthening economic and social infrastructure, streamlining approval process and promoting investment in the state. With robust infrastructure, excellent law and order situation, strategic location, excellent connectivity, abundant availability of skilled manpower, Haryana is an industrial and corporate hub, which provides developed urban infrastructure and amenities of modern day life.

To promote Jharkhand as the Investment Destination, the state has come up with single window clearance, online application and approval, regular consultation with industry and time bound grievance handling. The state government has some key initiatives such as Jharkhand Industrial and Investment Promotion Policy, 2016 and Industrial Park Policy; Jharkhand Food & Feed Processing Industry Policy, 2015; Jharkhand Tourism Policy, 2015, to support the business community.

Punjab Bureau of Investment Promotion has been set up by the Government of Punjab as the single point of contact for regulatory clearances and fiscal incentives approvals to facilitate investors who are looking to set up a business in Punjab. As the nodal agency, the bureau has been entrusted the responsibility to ensure a smooth transition of the project from the proposal stage up to the implementation stage.

Telangana is focused on industrialization for fostering Industrial growth, economic growth, ushering prosperity for the people and creating employment. In the state, sector specific manufacturing hubs are being set up and for enabling entrepreneurship, T-HUB is being put in place, which is India's largest incubator for startups.

With simplified labour regulations, environmental regulations, tax regulations and easy power connections, Uttar Pradesh is emerging as an easy place for doing business. The state is also giving customized incentives for mega projects and super mega projects. The sector specific policies to drive inward investments have been put in place such as Food Processing Policy, IT and start-up policy, solar policy, electronics manufacturing policy, poultry policy, sugar policy, MSME policy, biotechnology policy and textile policy. (ANI)