HPAS/Allied Mains 2022 Answer Writing Challenge Day 242: Model Answer

Question: Discuss the “Himachal Pradesh Industrial Investment Development Policy 2019”. (8 marks/ 120 words)

Answer:

The Vision of “Himachal Pradesh Industrial Investment Development Policy 2019” is to create an enabling ecosystem to enhance the scale of economic development & employment opportunities; ensure sustainable development & balanced growth of industrial & service sectors to make Himachal as one of the preferred destination for investment”.

Objectives:

1. Creating a congenial investment climate for industries: It would help in growth of existing industries. It will also attract further investment in the State for creating employment opportunities for local youth and to ensure development of Industrial & Service Sector throughout the State.
2. Addressing the issues which hampers the Industrial growth: for example, ensuring simplification of procedures, key physical and social infrastructure, human resource development, access to credit and market.
   3. Ease of Doing Business: promoting Ease of Doing Business by digitization of all processes and to promote self-certification.
3. Diversification of the Industry: To give impetus to food processing industry by establishing effective forward and backward linkages; promoting Agro-Horticulture and rural prosperity.
4. Promoting MSME Sector: for uniform sustainable growth of service and industrial sector throughout the State to facilitate generation of employment opportunities for local youth and stakeholders.
5. Entrepreneurial base: promote start-ups and entrepreneurship to create and generate local entrepreneurial base.
6. Recognizing and encouraging the role of large investment: to enhance the scale of economic development, employment opportunities, ancilliarisation, revenue generation and remunerative prices to local resources.
7. Upliftment of the weaker sections of the society.

                    The objectives of this policy would be achieved by: –

• streamlining rules/procedures, introducing self-certification, digitalization of all clearances in a time bound manner to ensure Ease of Doing Business (EODB).
• creating and up gradation of existing industrial infrastructure and creation of private Land Bank.
• ensuring the availability of quality power on competitive rates.
• by rationalizing the provisions of incentives, concessions and facilities having a direct impact to sustain and accelerate investment in the State.
• by providing graded fiscal incentives, facilities and concessions to balance regional economic development.
• by focusing and providing an ideal eco system to boost startups & entrepreneurship; environment to sustain traditional cottage industries; technology up gradation, ancilliarisation, industrial sickness, R&D and productivity to increase competitiveness.
• by recognizing the importance of cottage Handloom & Handicraft industry and other rural economy based critical sectors such as food processing and provision of backward & forward linkages with Agro horticulture and Tourism.