Top honchos on investment advisory council
PATNA: The state government has notified the constitution of Bihar State Industrial Investment Advisory Council which had been announced a few days back by chief minister Nitish Kumar at an open house of entrepreneurs.
The council has many prominent names from industry, commerce, banking sector and economists. Headed by the CM, the council has HDFC chairman Deepak Parekh, ICICI Bank chairman K V Kamath, SBI chairman Pratip Chaudhuri, Godrej & Boyce chairman Jamshyd Godrej, besides others.
Industry department principal secretary Alok Kumar Sinha said many important personalities of trade and industry have been included in the council. It would work as a think-tank for the state government and give suggestions for boosting investment. Deputy CM Sushil Kumar Modi would be its vice-chairman and the members from the government side would be industry minister, development commissioner, principal secretary, industry, CM’s secretary and CEO of Bihar Foundation. The chief secretary would be its member- secretary.
The other members from the industry and related sectors are: Vedanta group executive chairman Anil Agrawal, ITC chairman Y C Deveshwar, CEO and MD of Hindustan Unilever Nitin Pranjpaye, Tata Son’s director (finance) Ismat Husain, Tata Consultancy Services CEO N Chandrasekaran, Axis Bank MD Shikha Sharma and Max India chairman Analjit Singh.
Others nominated to the council are chairperson of Indian Council for Research and International Economic Relations Isher Judge Ahluwalia, who is wife of the deputy chairman of Planning Commission Montek Singh Ahluwalia, senior faculty of National Institute of Public Finance and Policy Sudipto Mandal, Boston Consultancy Group (Asia Pacific) chairman Dr J Sinha and Sebi chairman U K Sinha.
The advisory council will give suggestions on industrial development and investment promotion policies, making more friendly industrial environment and easy processing of proposals as well as preparing schemes for youths, dalits, backward classes, minorities and women.