The correct answer is: a) Simplify procedures and approvals for businesses.
Ease of Doing Business reforms in Sikkim aim to simplify procedures and approvals for businesses. This will make it easier for businesses to set up and operate in the state, which will attract more investment and create jobs. The reforms include reducing the number of approvals required, streamlining the process of obtaining approvals, and making it easier to access information and services.
Option b) is incorrect because the reforms aim to reduce bureaucratic hurdles, not increase them.
Option c) is incorrect because the reforms aim to attract foreign investment, not discourage it.
Option d) is incorrect because the reforms do not aim to limit competition in specific sectors.