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.