Consider the following statements about the Haryana Investment Promotion Board 1 It is competent to ...........

Haryana Economy

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Consider the following statements about the Haryana Investment Promotion Board.

1.It is competent to approve a customised package of incentives and concessions to mega projects.

2.Undertake investment promotion activities in India and Abroad.

3.Periodically review the implementation of FDI projects in state.

Which of the following statements is/are correct ?

1 and 2 Only

2 and 3 Only

1 and 3 Only

All of the above

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Explanation:

Haryana Investment Promotion Board under the Chairmanship of the Chief Minister is proposed to be constituted to attract domestic as well as foreign direct investment in the state. The main function of the Board will be as follows:

To recommend customised package of incentives and concessions to prestigious projects having investment of US$ 6.4 million and above
To undertake investment promotion activities for prospective investors in India and abroad
To identify sectors in which foreign as well as domestic investment is sought keeping in view the state priorities.
To periodically review the implementation of FDI projects as well as mega project proposals
Foreign Investment Promotion Board, Haryana, shall be subsumed in HIPB.