Haryana sets up economic advisory council to promote industry

Haryana government has constituted an Economic Advisory Council (EAC) for five years to promote industries in the state and to address issues related to policies of economic development.

The council will analyse and review the status of economic development and growth in the state. It will also discuss the macroeconomic developments and issues with implications for economic policy.

The EAC will be headed by Haryana chief minister, while the finance minister, industries minister and chief secretary will be the members.

According to a government spokesperson, members of the private sector, including real estate leaders, chairman and managing directors of the major banks in Haryana, vice-chancellors of educational institutions etc, have also been included in the panel. The members of the private sector would serve a term of two years in the EAC.

“The purpose of setting up this EAC will be to act as the sounding board of 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 spokesperson said.

The EAC will guide the development in the state based on the changing economic environment and market trends. The spokesperson said 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 available for private players in these projects. HTC