Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on June 7 said the State government intends to establish a dedicated Investment Promotion and Facilitation Bureau to ease out modalities for potential investors in the State.
Mr. Sukhu who in Shimla held deliberations with stakeholders of industries and tourism sectors hailing from Solan district, stressed that bringing substantial investments into the State is crucial for generating employment opportunities for the youth, besides increasing revenue to the State exchequer.
“The government plans to establish a dedicated Investment Promotion and Facilitation Bureau to support and facilitate investment on the ground. Actual investments are more important rather than getting caught up in paperwork. The bureau will streamline the process by providing a single platform for potential investors to obtain all necessary clearances within a specified time frame,” he said, adding Himachal Pradesh is known for its abundant electricity and water supply which provides a conducive environment for investment.
