HP approves establishment of Tourism Investment Promotion Council to attract big investments
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The new council will serve as a dedicated platform to evaluate and approve tourism projects with an investment of Rs 50 crore and above. The TIPC will be chaired by the chief minister and supported by an investment promotion cell within the department of tourism, stated a govt release.
The council is aimed at creating an investor-friendly ecosystem and will be governed by the principles of minimum regulation, maximum facilitation, and time-bound decision-making.
The state govt aims to issue standardised formats for document submissions across departments such as PWD, pollution control board, revenue, town and country planning, fire services, and jal shakti, to ensure uniformity and efficiency, read the release.
The new council's key feature is the creation of a proactive system wherein the onus of project preparedness will rest with the govt, thereby significantly reducing entry barriers for prospective investors in the state.
Furthermore, except in cases involving statutory approvals, like under the transfer of agriculture land for non-agriculture purposes or environmental clearances, projects will be deemed approved if not cleared within the stipulated time frame, the govt mentioned.
It further stated that the state-level apex body would convene monthly meetings to examine and approve investment proposals in a time-bound manner. In addition to approvals, the TIPC will also recommend procedural and policy-level reforms to enhance the overall investment climate in the tourism sector and position Himachal Pradesh as a premier investment destination.
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