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Time of India
17-07-2025
- Business
- Time of India
Directorate for MSMEs, land allotment policy soon to boost investment in state
Ranchi: Jharkhand is soon going to introduce a dedicated policy for allotment of land for industries. The state industries department is also revising sectoral policies and a 'Directorate for MSMEs' would be set up to support small and medium enterprises, state govt officials said on Thursday. A draft of the Land Allotment Policy, 2025, was discussed during the meet with various stakeholders. The event was jointly organised by the Jharkhand Industrial Infrastructure Development Corporation (JIIDCO) and the Jharkhand Industrial Area Development Authority (JIADA). An official said, "The policy will take care of the application and allotment procedure, prequalification criteria, project appraisal and evaluation matrix, and rules for competitive e-auction. It also aims to introduce a dedicated grievance redressal mechanism and offer land lease premium rebates for investors in backward areas of the state." State industries director Vishal Sagar said the state is making efforts to improve ease of doing business through the 'Business Reform Action Plan' (BRAP) and district BRAP initiatives. He said, "Steps are being taken to streamline the disbursement of incentives and reduce procedural delays. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Industries department is revising sectoral policies. A 'Directorate for MSMEs' will be established to support small and medium enterprises." Officials presented seven key investible projects aimed at attracting industrial investment in the state. These included the IT Tower in Ranchi, Flatted Factory at the EMC in Adityapur, a Logistics Park in Dhanbad, a Plastic Park in Deoghar, a Pharma Park in Ranchi, the World Trade Center in Ranchi, and the PM Ekta Mall in Ranchi. Managing director of JIIDCO and JIADA Varun Ranjan said, "The state is moving beyond its traditional dependence on the mineral sector and is now focusing on emerging industrial sectors. Seven major infrastructure projects have been developed in alignment with current industrial needs, which are expected to generate more than 10,000 direct and 20,000 indirect employment opportunities, with an overall investment potential exceeding Rs 500 crore. " The draft land allotment policy was prepared after careful analysis of investor concerns and highlighted the department's ongoing work in asset management, joint ventures, and public-private partnership (PPP) models, he added. "Incubation centres are also being planned in partnership with XLRI and IIM Ranchi to promote startups. Management Development Programmes (MDP) and Entrepreneurship Development Programmes (EDP) are being initiated for MSMEs. The department is also exploring partnerships with BSE and NSE to enable MSMEs from Jharkhand to get listed on SME exchanges and raise capital more efficiently," he said.
Hans India
10-07-2025
- Business
- Hans India
Centre-State coordination to make India a global investment destination: NITI Aayog CEO
New Delhi: BVR Subrahmanyam, CEO of NITI Aayog, on Thursday underscored the critical role of state-level execution in shaping India's overall investment climate. During a high-level workshop on ease of doing business and investment promotion in New Delhi, he emphasised that there is much to learn from within the country itself, citing the diversity of successful models across states. Subrahmanyam called for streamlined systems, enhanced accountability, and coordinated efforts between the Centre and states to make India the most attractive and dependable destination for global capital. The workshop brought together senior policymakers to accelerate business reforms across India. Deliberations were held across seven core reform areas vital to investment facilitation and improving the ease of doing business at the sub-national level. These included Decriminalisation of Laws; Deregulation and Compliance Burden Reduction; Business Reform Action Plan (BRAP) Implementation; Development of Industrial Infrastructure; Single Window Clearance Systems; Financial and Taxation Reforms; Investment Promotion Strategies. During the session on decriminalization and compliance reform, several states presented their ongoing initiatives stemming from the Jan Vishwas Act 1.0, highlighting efforts to decriminalize minor business-related offences at the State level. States also emphasised a shift toward enhancing the "Speed of Doing Business", with a focus on reducing the number of stages in the business lifecycle to enable faster, more seamless operations for enterprises. The discussion underscored the need to convert minor business offences into civil penalties, while also streamlining compliance mechanisms to reduce the burden on entrepreneurs. States shared examples of removing imprisonment clauses, adopting self-certification regimes, removal of licence renewal and simplifying regulatory touchpoints to encourage ease of compliance and build trust with businesses. There was also a strong emphasis on aligning state-level actions with the national Business Reform Action Plan (BRAP) framework, ensuring that reforms lead to measurable and comparable improvements. Industry representatives advocated for the enactment of a national-level legislation to harmonise decriminalization and compounding provisions, across States. They also suggested the introduction of a Trusted Taxpayers Programme for both direct and indirect taxes, to incentivize compliance and promote a more facilitative regulatory environment. The session on Investment Promotion Strategies stressed the need to institutionalise investment promotion as a continuous, core State function rather than an event-based activity. States presented innovative, sector-specific strategies grounded in local strengths and global demand trends. Rajiv Gauba, Member, NITI Aayog, noted that ease of doing business is a work in progress and stressed the importance of reforms at the municipal level within states. He highlighted the potential for collaboration between NITI Aayog and DPIIT to support states in adopting a principle-based approach to decriminalisation. SCL Das, Secretary, Ministry of MSME, highlighted the need to strengthen the institutional interface of MSMEs with CBIC and State/UT governments.
Time of India
10-07-2025
- Business
- Time of India
NITI Aayog to come up with model FDI promotion template to enhance ease of doing business in states
NITI Aayog will soon come up with a model FDI promotion template to guide states to improve their investment readiness and reform execution, the move aimed at further enhancing ease of doing business. The Aayog, on Thursday, held the first round of deliberations with states and top officials of stakeholder ministries and industry associations across seven reform areas vital to investment facilitation and improving the ease of doing business at the sub-national level. The workshop, chaired by NITI Aayog member Rajiv Gauba, saw discussions on core issues of decriminalisation of laws, deregulation and compliance burden reduction, business reform action plan (BRAP) implementation, development of industrial infrastructure, single window clearance systems, financial and taxation reforms and investment promotion strategies. As per the statement issued by the Aayog, there was a consensus among stakeholders that long-term investor trust depends not only on facilitation at entry, but also on consistent post-establishment support, including timely grievance redressal, policy stability, and seamless coordination across departments. Additionally, strong branding and coordinated domestic and international outreach, including collaboration with industry associations and Indian missions abroad, was recognised as a critical enabler for attracting quality investment, it said. Live Events Discussions were held on the need to convert minor business offences into civil penalties, while also streamlining compliance mechanisms to reduce the burden on entrepreneurs, the Aayog said. There was also a strong emphasis on aligning state-level actions with the national Business Reform Action Plan (BRAP) framework, ensuring that reforms lead to measurable and comparable improvements, it added. Stakeholders called for an end-to-end digitisation of state single window clearance systems , with emphasis on integration, predictability, and measurable turnaround times. States called for making fiscal incentives more predictable, timely, and easier to claim, especially for MSMEs. The importance of logistics connectivity and customs efficiency in attracting large-scale investment was also underlined, especially in the context of Make in India and global value chain integration. Further, the role of dedicated Investment Promotion Agencies (IPAs) was underlined, with a focus on building professional capacity, investor handholding, and post-investment support, it added.
Hindustan Times
17-05-2025
- Business
- Hindustan Times
Yogi Adityanath directs Uttar Pradesh officials to simplify labour laws
Chief minister Yogi Adityanath on Friday directed officials to simplify labour laws to make it easier for industries to operate while also ensuring that workers are not exploited or treated unfairly. The state's industrial growth is possible only when labour laws are balanced from the industry and workers' perspectives, he said, chairing a review meeting of the labour and employment department. Workers and industrialists complement each other and are not rivals, he noted. Shutting down industries won't generate jobs, instead, expanding them is the key to creating more employment opportunities, he said. Yogi Adityanath stressed on the importance of providing fair wages and insurance coverage to workers so that they and their families are protected in case of an accident. He also said the state government is committed to protecting workers' rights while also promoting Uttar Pradesh as the most worker-friendly and industry-supportive state in the country. The chief minister emphasised the need to rehabilitate child labourers not just by giving them basic livelihood, but connecting them with schemes like the Mukhyamantri Bal Seva Yojana and other sponsored programmes. He said this is not just a social responsibility but also a step towards securing the future of the next generation, according to a government spokesperson. DEVELOP 'LABOUR ADDAS' He further directed that 'labour addas' be developed as model centres equipped with facilities such as dormitories, toilets, drinking water, canteens, and training centres. He said that workers should be able to get tea, snacks, and meals for just ₹5 to ₹10 at these canteens. He instructed officials to conduct skill mapping of unorganised sector workers and implement a system to ensure minimum wages for them. He said this would be a major step toward transforming the unorganised workforce into an organised labour force. For construction workers going abroad for jobs, the chief minister said they should receive technical training as well as language training specific to the destination country, which is essential for their efficiency and safety. The chief minister asked officials to monitor and ensure the quality of Atal Residential Schools, which have emerged as a model across the country. He further informed that out of 5,97,625 applications received on the Nivesh Mitra Portal, 5,90,881 have already been granted NOC. The remaining applications should be resolved in a timely and transparent manner, he said. From independence till 2016, a total of 13,809 factories were registered in the state, officials briefed the chief minister. In the last nine years alone, 13,644 new factories have been registered — a 99% increase, the officials further said. Officials also said that the state labour department has been recognised as an 'Achiever State' for successfully implementing the Central government BRAP (Business Reform Action Plan) recommendations.
