NEW DELHI. During the Pravasi Bharatiya Divas 2014 parallel sessions on Investment Opportunities in States were organized wherein senior government officials participated and interacted with the Indian Diaspora seeking investment opportunities in India. Officials from Gujarat, Rajasthan, Kerala, Bihar and Punjab participated in these interactive sessions. The following is a snapshot of the investment opportunities in states:
Investment Opportunities in Rajasthan
A vibrant private sector is extremely important for sustainable and inclusive growth. The State Government plans to build and environment where industrial growth and business can flourish and lead to the prosperity of the state. Rajasthan with its large mineral deposits, market access, trained manpower, lower costs, availability of land, peaceful law and order and industrial relations, offers huge advantages in comparison to other states. Rajasthan will strive to substantiate this advantage by improving availability of power, building world class highways and roads on priority.
With a view to promote private investment, the State will work on a better, comprehensive Investment Policy that addresses the expectations of investors in the dynamic and competitive global marketplace while leading to overall development of the State. There are plans to totally computerize a Single Window Clearance System for industries’ easy, effective and expeditious facilitation. All of these and more such steps would be taken to promote industrial growth and development of manufacturing and services sector within the State.
Investment Opportunities in Bihar
Bihar has successfully implemented its Industrial Promotion Policy 2011. Within the ambit of Bihar’s industrial promotion policy, various units have invested more than Rs. 5600 crore. These units have been provided with various incentives to the tune of more than Rs. 1000 crore.
- 191 units have started production and in addition to this, 184 units are in different phases of production.
- In the last one year, 91 units have started commercial production, which has led to an investment of 495 crores in the state.
Due to incentives given in agriculture and agro-based industries in last one year, there has been an increase of eight lakh metric tonnes of rice milling capacity every year.
A new policy has been notified for the setting up of private industrial area in Bihar. The scheme will facilitate private entrepreneurs to arrange land for setting up their units. The State Government has launched ‘Mukhyamantri Sukshma Evam Laghu Cluster Yojana’.
In order to establish a dialogue on various problems of the industry and entrepreneurs, during the last one year, Udhyami Panchayats are being organized. The setting up of diamond polishing unit in Patna exhibits a completely new outlook of industrialization in Bihar.
Investment Opportunities in Gujarat
India’s first SEZ for financial services – Gujarat International Finance Tec-City (GIFT) aims to catalyze India’s large financial services potential by offering world-class infrastructure to attract top talent in the country.
Some of the key initiatives taken by the state are: A new scheme introduced from January 2011 to promote creation of Centres of Excellence in various sectors of industry. Special emphasis on creation of Centres of Excellence in six focus areas as under:
- Specialty and Fine Chemicals
- Technical Textiles and Spinning
- Food Processing and Agro Business
- Auto and Auto Components
- Solar and Wind equipment manufacturing
- Electronic Systems Design and Manufacturing
Special Investment Region Act 2009
Statewide information on Financial Transactions
- To catalyze integrated economic development through efficient development planning
- To enhance the land availability for industries through the process of town planning in place of land acquisition
iCreate is the Gujarat government’s initiative to develop a world class innovation centre on a sprawling 34-acre campus, aimed at providing the best environment to young entrepreneurs to innovate and create businesses which in turn will result in prosperity for the state as well as India.
Investment Opportunities in Punjab
Punjab’s existing infrastructure is amongst the best in the country and the state, along with private participants continues to take rapid strides in improving this infrastructure to create an ideal environment for industry. Punjab has taken initiatives for investment in key projects in urban infrastructure, power and transportation. These include,
- Five operational and upcoming domestic and international airports for providing good connectivity through air
- Road and rail networks, communication networks, and
- Development of urban infrastructure
Investment Opportunities in Kerala
Kerala has earmarked sectors that have the potential for a faster rate of growth. These include Information and Communication Technology, tourism, food & agro-processing, healthcare services, water technology & green energy, biotechnology, nanotechnology & other sunrise sectors, infrastructure including urban infrastructure, ports, shipbuilding and logistics and waste management.
Kerala is at the forefront of India’s socio-economic development. The state provides a highly skilled workforce every year that has proved smarter and more productive than their counterparts elsewhere in the country. Kerala has invested heavily in education and enrichment of human resources. No state has earmarked as much as 40% of its annual budget for education. Kerala has become a human resource hub which caters to the needs of other countries.