Constitution of the Economic Advisory Council in Haryana

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Haryana Government Gazette

EXTRAORDINARY

Published by Authority

© Govt. of Haryana

No. 186-2019/Ext.] CHANDIGARH, MONDAY, NOVEMBER 4, 2019 (KARTIKA 13, 1941 SAKA)

HARYANA GOVERNMENT

INDUSTRIES & COMMERCE DEPARTMENT

Notification

The 4th November, 2019

No. 2/8/2019-1-IB-II.— The Governor of Haryana is pleased to notify the constitution of an Economic Advisory Council, which will be effective from the date of Notification. The Constitution of the Economic Advisory Council in Haryana, with the purpose of guiding economic development and job creation in the State, is placed at Annexure – 'A'.

DEVENDER SINGH, Additional Chief Secretary to Government Haryana, Industries & Commerce Department.

(4182)HARYANA GOVT. GAZ. (EXTRA.), NOV. 4, 2019 (KRTK. 13, 1941 SAKA) 4183 ANNEXURE – A

GOVERNMENT OF HARYANA

ECONOMIC ADVISORY COUNCIL - 2019

INDUSTRIES & COMMERCE DEPARTMENT

Table of Contents

A. Introduction

1. Over the years, the State Government has taken a number of steps towards accelerating investment activity in Haryana. In 2015, the State came out with the Enterprises Promotion Policy to provide lucrative incentives to new investors in Haryana. The Happening Haryana Global Summit held in 2016 further boosted the investment momentum in the State. As a result, Haryana established itself as a leading investment destination in India. It is now imperative that in order to usher in a new era of economic growth, current market trends and the expert advice/feedback from industry leaders in Haryana, should be factored in to achieve long-term prosperity.

2. As per the mandate of the Enterprises Promotion Policy 2015, it is proposed that an Economic Advisory Council (EAC) be created in Haryana in order to harness the intellectual capital of the State on policy matters and other issues of overall economic development of the State. Hon'ble CM, Haryana will be the Chairman of the EAC and the Council will comprise various representatives from Government, Industry and Academia.

3. Subsequently, in order to adopt a sector-focused approach to development, Sub-Sectoral Task Forces/Committees will be formulated and notified, comprising Members from within the EAC itself or new Members as proposed by existing Members. These Sub-Sectoral Task Forces/Committees will support with facilitating development and growth, job creation and investment promotion pertaining to key thrust sectors of Haryana.

4. The purpose of the Economic Advisory Council will be to act as the sounding board to the State Government on various economic issues and development strategies, advocacy on policy matters and other issues of economic development targeted at prosperity and job creation. The EAC will guide the development in the State based on the changing economic environment and market trends.

5. This Council will also give Haryana a platform to showcase its flagship projects targeting industrial and urban development, to a top-class professional network and further spread awareness about the investment opportunities available for private players in these projects.

B. Terms of Reference

1. The Terms of Reference of the Economic Advisory Council will be as under:

(a) Mandate:

To serve in non-governmental capacity and provide perspective, guidance and expert strategic advice and guidance on macro level issues to facilitate overall development and growth in the State

(b) Terms of appointment:

The EAC will be constituted for 5 years;

While the official members will continue to be permanent members of the EAC, Private Sector Members will serve for a period of 2 years, after which, the Official Members of the EAC will revisit the list of Private Sector Members for any new inductions/updates.

(c) Reporting:

A report on the achievements and contribution of the EAC would be placed before the Haryana Enterprise Promotion Board (HEPB) at least once in a year.

(d) Nodal Department

The Department of Industries & Commerce, Haryana shall act as the Nodal Department (e) Key functions:

• To analyze and review the status of economic development and growth in the State • Discuss the macroeconomic developments and issues with implications for economic policy

• Address issues of macroeconomic importance and present views thereon to the Government either through a suo-moto- or on a reference from the Hon'ble Chief Minister or anyone else4186 HARYANA GOVT. GAZ. (EXTRA.), NOV. 4, 2019 (KRTK 13, 1941 SAKA) • Advise on the policies, procedures, strategic direction for the purpose of encouraging job

creation, sustaining employment and business development in Haryana

• Creating awareness about Haryana policies and initiatives for investment promotion • Promotion of flagship projects to leading private industry players

• Advise on the selection of market sectors supported by the region with sector experts as they change, shift and expand

• Advise on new business attraction opportunities, programs or strategies

• Advise on business expansion and retention opportunities, programs or strategies • Advise on potential partnerships with other countries/States

• Identify barriers and opportunities in the community to direct strategic direction • Advise on the dissemination of information from the region to the local business community and partners

(f) Constitution:

The EAC will comprise a membership-based Advisory Panel and shall consist of the following structure:

Official Members:

• Hon'ble CM, Haryana (Chairman)

• Hon'ble Finance Minister, Haryana

• Hon'ble Industries Minister, Haryana

• Chief Secretary, Haryana

• Additional Chief Secretary/Principal Secretaries of Finance, Town & Country Planning, Power, Revenue, Excise & Taxation, Labour, Environment and Industries, MD/HSIIDC and Director/ Director General, Industries & Commerce, Haryana

C. Private Sector Members:

• Real Estate leaders

• CMDs of reputed banks with HQ situated in Haryana

• Managing partners of top consulting firms

• Country heads of top IT firms

• CMDs /CXOs of top Textile/Logistics/Aerospace/Food Processing Industry in Haryana • Heads of Apex Industry associations

• VCs of Educational Institutions

To initiate the process of creation of the EAC, the following members from the Private sector may be

This list of Members from State Government or Private Sector may be updated/expanded from time to time.

Further, it is proposed that Sector-specific Advisory Councils will be formulated comprising several industry players from key thrust sectors such as Textiles, Logistics, Food Processing, Aerospace Defence & Aviation and Automotive, which may support the EAC if any sector specific advisory is required with its key functions from time to time.

The Sector-Specific Advisory council are at Annexure-1.

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57460—C.S.—H.G.P., Chd.