Open for Business: Chandigarh Gets New Investment and Ease-of-Doing-Business Framework
Chandigarh's business community received welcome news this week as the central government moved to significantly streamline regulatory processes and investment facilitation in the Union Territory.
📋 MHA Extends Punjab's Business Act to Chandigarh UT
The Ministry of Home Affairs has extended the Punjab Right to Business Act, 2020, to the Union Territory of Chandigarh, with modifications adapted to its specific administrative framework. The move is aimed at simplifying regulatory clearances, improving ease of doing business, and establishing a dedicated investment facilitation bureau for the UT. The Act came into force in Chandigarh following the MHA's notification, marking a significant milestone for entrepreneurs and investors in the city. Officials say the changes will accelerate investment approvals and reduce bureaucratic hurdles for businesses. [4]
💼 UT Administration Adopts Right to Business Act
The Chandigarh administration this week formally adopted the Right to Business Act, a landmark step that observers expect to give a meaningful boost to commerce and enterprise in the city. The adoption brings the Union Territory in line with a framework designed to cut through regulatory delays and make setting up and running a business significantly easier. The move is widely seen as part of a broader effort to attract investment and position Chandigarh as a competitive destination for business activity in the region. [5]
🏛️ New Bureau to Serve as Single-Point Investment Facilitation Centre
A key feature of the extended legislation is the planned establishment of the Chandigarh Bureau of Enterprise and Investment, which will serve as a single-point facilitation centre for investors and businesses. The extension of Punjab's Right to Business Act to Chandigarh is aimed squarely at improving the ease of doing business in the Union Territory. The new bureau is intended to consolidate approvals and support services under one roof, making it easier for businesses to navigate administrative requirements. This institutional addition is expected to play a central role in translating the new legislative framework into tangible benefits for entrepreneurs on the ground. [6]
Sources: [4] The New Indian Express · [5] The Times of India · [6] The Indian Express