Streamline Investment Proposal Approvals: Chamber

The PHD Chamber of Commerce and Industry has asked the Uttar Pradesh government to constitute an investment approval board, comprising of secretaries, to clear various projects.

The chamber wants the state government to notify guidelines to involve the private sector in the creation and upgradation of infrastructural facilities including power generation, transmission and distribution. In a note submitted to the state government, the chamber has said the government should review and modify outdated laws in response to the liberalised environment.

The state government has agreed in-principle to consider the suggestion for a state-level policy for integrated development of trade and industry, for which the chamber has already submitted a concept note, a chamber release said here yesterday.

 

The paper has also suggested that the state government should allot usar land (wasteland) to industry for purposes other than planting of trees, and to incorporate reclamation of wasteland for industrial development.

The chamber has called for strengthening coordination between working groups by holding joint meetings. They should also be given some power for implementing decisions arrived at the meetings, the note has suggested.