Time-bound quality service key to attracting investors, say top officials
By Pinkerala News Desk | Mar 18, 2019
One of the key factors for attracting investors is time-bound quality service, remarked top officials, who shared the policies and best practices of various states during a plenary session at ASCEND Kerala 2019 aimed at positioning the state as an investment hotspot. ASCEND Kerala 2019 showcased the administrative and policy measures taken to improve the Ease of Doing Business. The top bureaucrats of the home state besides the officials from Telangana and Haryana shared their success stories while attending a session on “Ease of Doing Business-sharing of best practices.” Shri Jayesh Ranjan, Principal Secretary (Industries), Telangana said: “The state has accomplished in getting $21 billion in four-and-a-half years since it has come into being. More than 60 percent of the ventures have reached the stage of commercial production, and many of them are expansion investments. The state has received investments from 23 different countries,” he explained. “We have given 15 days for giving approval for applications from investors. If the permission is not given within the time-frame, the investor can start their ventures on the 16th day,” he added. The official added that an inquiry will be conducted on the delay and salary will be deducted from the official concerned as a penalty. Dr. Christy Fernandez, Chairman, KSIDC, who chaired the session, opined that it is necessary to improve the social milieu for the investors who wish to do business in the state. Meanwhile, Dr. Sharmila Mary Joseph IAS, Secretary, Industries, Govt. of Kerala, and Managing Director, KSIDC, said the government has amended seven acts, ten rules and issued a large number of executive orders and standard operating procedures aiming at the growth of the industry. The reform exercise will continue to take Kerala to the top list of industry-friendly states, she said. Shri Devender Singh, Addl. Chief Secretary (Industries), Haryana said high-quality time-bound service delivery, putting in place strong policy and institutional frameworks and continuous investor engagement through various ways are the secrets that helped Haryana to make it to the third position among the industry-friendly states.
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