Section 15: Provincial Investment Committees

15. Provincial Investment Committees.__ (1) The Provincial Government shall, by Notification in the official Gazette, establish a Committee to be called the Provincial Investment Committee. (2) The Provincial Investment Committee shall consist of such members as the Provincial Government may appoint, by Notification in the Official Gazette and the Chairman and the Secretary shall be its ex-officio members. (3) Subject to any directions given by the BOI, the Provincial Investment Committee shall perform the following functions, namely:__ (a) encourage and promote investment, including joint ventures in the Province, in collaboration with the BOI; (b) assist the BOI to discharge its functions; (c) maintain a continuing working relationship and coordination with the BOI to facilitate and promote local and foreign investment in the Province; (d) help and facilitate effective implementation of investment policies of the Federal Government including the speedy development of National Industrial Zones; (e) identify investment opportunities and priority areas for investment in the Province, and assist the BOI in marketing those opportunities to prospective investors; and (f) ensure infrastructure facilities such as roads, water and drainage in the existing and future industrial estates and National Industrial Zones in the Province. CHAPTER.__ V MISCELLANEOUS

Effective date: 2001-01-01

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