Latest news with #TIPC
Time of India
5 days ago
- Business
- Time of India
Himachal nod to investment promotion council for attracting big money in tourism
Shimla: The Himachal Pradesh govt has approved the establishment of the Tourism Investment Promotion Council (TIPC) – a single-window mechanism for fast-tracking project approvals and providing comprehensive investor facilitation. 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.
Time of India
5 days ago
- Business
- Time of India
HP approves establishment of Tourism Investment Promotion Council to attract big investments
Shimla: The Himachal Pradesh govt has approved the establishment of the Tourism Investment Promotion Council (TIPC) – a single-window mechanism for fast-tracking project approvals and providing comprehensive investor facilitation. Tired of too many ads? go ad free now 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. MSID:: 123117202 413 |
News18
5 days ago
- Business
- News18
Himachal govt to set up TIPC to attract big-ticket investments
Shimla, Aug 5 (PTI) The Himachal Pradesh government will set up Tourism Investment Promotion Council (TIPC), a single-window mechanism for fast-tracking project approvals and providing comprehensive investor facilitation to boost private investment in the sector, an official release said on Tuesday. The tourism council will serve as a dedicated platform to evaluate and approve tourism projects with an investment of Rs 50 crore and above. It will be chaired by Chief Minister Sukhvinder Singh Sukhu and supported by an Investment Promotion Cell within the state Department of Tourism. The Council will be governed by the principles of minimum regulation, maximum facilitation, and time-bound decision-making. The initiative will help in creating a proactive system wherein the onus of project preparedness will rest with the state government, thereby significantly reducing entry barriers for prospective investors in the state, the statement said. Furthermore, except in cases involving statutory approvals (under Section 118 or environmental clearances), projects will be deemed approved if not cleared within the stipulated time frame. 'Tourism is a vital economic driver for Himachal Pradesh, contributing significantly to employment generation, income creation and balanced regional development. However, fragmented governance, slow approvals, and inadequate investor facilitation have hampered sectoral growth," a government spokesperson said. 'The state government has launched TIPC as a strategic, policy-aligned body to attract, assess and enable tourism investments in a streamlined and transparent manner," the spokesman added. The state-level apex body will convene monthly meetings to examine and approve investment proposals in a time-bound manner. PTI BPL SHW view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
