Amendment status not verified — confirm the current text below against the official source.
The Kerala State Investment Promotion Board shall exercise the following powers and perform functions, namely:-- (a) to convene meeting at such time and place fixed by the Chairperson and transact the business; (b) to take steps to resolve the difficulties, if any, which may arise while implementing the industrial policy; (c) to take a co-ordinated decision for allowing relaxations declared in the industrial policy; (d) to take decision, in respect of special packages to be granted in special circumstances, in addition to the relaxations declared in the industrial policy; (e) to take decision with regard to the action to be taken on such specific demands made by investors making large scale investments with specific demands, after considering the tax, royalty and relaxations needed for capital investment; (f) to take measures to revive the industries that existed in the land acquired for industrial purpose and were defunct and to start industries including new generation industries in such land; (g) to take steps to make consensus among various departments so as to facilitate the setting up of enterprise, by the large scale investors. (h) any person who intends to make investment to set up an enterprise in the State may approach Kerala State Investment Promotion Board for instructions required for investment and the said Board may provide instructions to such person; (i) to take steps to find and reach out to the domestic and foreign investors towards priority investment sectors targeted by the Government. Explanation.-- For the purpose of this section,-- (i) "industrial policy" means the industrial policy declared by the Government in power from time to time; (ii) "large scale investor" means an investor who makes capital investment above hundred crores of rupees; (iii) "new generation industries" means the new generation industries as specified in the industrial policy; (iv) "special package" means special package as specified in the industrial policy; (v) "specific demand" means relaxations in addition to the relaxations as specified in the industrial policy.