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4.1.
The Government has carefully considered the United Nation Development
Programme – Country Co-operation Framework for India Report,
1997-2001. Infrastructure is the most critical component for ensuring
industrial growth. Accordingly, the Government would take suitable steps
to provide an appropriate framework for private sector participation in
infrastructure development in the State.
4.2
An Industrial Infrastructure Development Board (I I D B) is proposed to
be set up under the Chairmanship of the Chief Minister with the
Minister, Industries as Vice Chairman and the Secretary, Industries as
Member – Convener to :
(a) Identify key infrastructure requirement,
(b) Ensure submission of specific projects / proposals in time bound
manner,
(c) Priorities public investments in these projects / proposals,
(d) Decide on the modalities on external funding including private
funding / investment, and
(e) Review the executions of the project.
4.3
The State Government would actively encourage both Indian and Foreign
private investment / participation in infrastructure projects. The
Government would also be prepared to participate in joint ventures for
infrastructure development. In suitable cases the Government shall
actively consider providing land at concessional rate or free of cost.
4.4
The Government would take specific measures for development of sectoral
clusters taking into account the needs of the targeted industries. The
State has already accepted the concept of BOT, BOOT, BOLT and would
evolve comprehensive guidelines for various model of projects for
funding and operating such infrastructure projects with private
investment on a commercial format. The enabling provisions would
suitably be included in the concerned legislation, wherever required.
4.5
The State would encourage Financing Institutions and private sector to
establish and maintain industrial growth centres / industrial areas /
Export Promotion Industrial Park /Special Economic Zone / and such other
infrastructure projects.
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