Indian economy has indicated trends of strong growth and if sustained, the country is slated to move into an orbit of economic upsurge unwitnessed in the past. The Government of India has taken initiative to support private effort by further liberalizing EXIM and FDI regimes to enable growth in all sectors of the economy. Reforms in the Banking and Insurance sectors, strong commitment to Agriculture and Social sectors, focused investments in infrastructure and promotion of new technologies hold potential of sustaining growth.

In this backdrop of the national resolve to strive for a high economic growth rate and to spread its benefit across to all sections of the society, the present IP initiative intends to capture the buoyant mood and supplement the efforts of the Central Government. The areas sought to be addressed therefore have a synergy with the policy initiatives of the Central Government and the national priorities. As far as possible a seamless integration of State and National agenda will be the focus of the State Government.

The state proposes to reposition itself as the most preferred destination of economic activity by building on its natural advantages of location, strong agricultural base, law and order, well developed basic infrastructure, industry and commerce.

IP 1992 announced in tandem with the economic reforms brought out by the Central Government was an incentive centric approach to attract investment. IP 1997 adopted infrastructure led approach to industrial development. IP 1999 aimed at promoting industrial growth in the context of overall economic value addition with emphasis on infrastructure development through private initiative.

Indian economic upsurge has thrown open global opportunities for businesses to expand taking advantage of an enormous young workforce, potential of frontier technologies,

national capabilities in assimilation of technological advancements, and outreach to a strong domestic market. IP 2005 seeks to capture these opportunities, leveraging the strengths of the State in agriculture and its established comparative advantages in manufacturing, for promotion of investment and taking industry to front ranks of global competition. This would to be achieved through creation of an efficient, investor friendly environment and supported by coordinated development of infrastructure and sunrise areas. Benefits of a strong growth of economy are sought to be dispersed across the state and sectors.