Section 7. Functions of the Council

The functions of the Council shall be, — (a) to advise the State Government on the steps to be taken for (i) promoting investment friendly climate in the State ; (ii) establishment and development of industries and services ; (iii) giving special status/incentives to industries and services ; (iv) removing the bottlenecks/barriers in the process of industrialization and investment in the State ; (v) economic development, including industrialization of various regions and local areas of the State ; (vi) attracting investment in the State ; (vii) simplification of the government procedures ; (viii) rationalizing the Labour Laws so as to increase employment opportunities in the State ; (b) any other functions as may be prescribed.