Punjab CM hosts top investors; announces 4th Progressive Punjab Summit to be held on OCT 26-27

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Punjab CM hosts top investors; announces 4th Progressive Punjab Summit to be held on OCT 26-27



Punjab ranks 2nd in the logistics ranking in the country, he pointed out urging the business leaders to make Punjab their next investment destination. He assured that the industry will get a very robust and peaceful industrial ecosystem and a disruption free environment in the state.Assuring them of proactive government assistance, the Chief Minister said his government would leave no stone unturned to attract maximum investment as it is the most efficacious way to ensure all round and sustainable growth mechanism for future generations. He assured the industry that his doors are always open for them and he would like to engage with industry pro-actively and make policies as suited to the industry.Deeply appreciating the role played by leaders of Punjab based industry in creating employment and value addition to the economy of the state, he assured that rapid industrialisation is one of the foremost priorities of his government.Over the last few years, Punjab has established itself as one of the fast emerging industrial and manufacturing powerhouses in the country. It has a strong network of industries in the food processing, Agri machinery and auto components, agro-based parts, bicycle and bicycle parts, sports goods, light engineering goods, metal and alloys, chemical products, and textile sectors, the Chief Minister pointed out.Lauding the Punjab Bureau of Investment Promotion (PBIP), the Chief Minister said the Bureau has played a pivotal role in promoting Punjab as a leading investment destination. The bureau has been adjudged the Top Performer (highest category) in the rankings of Investment Promotion Agencies across 20 states in the country announced by Invest India and IFC (World Bank). He further announced that Invest Punjab will be given more powers in the coming times so that industry can totally rely on this single agency for all their approvals.Speaking on the occasion, the Finance Minister Manpreet Singh Badal assured the industrial captains that they would have direct access to the State bureaucracy and the political class thus ensuring no difficulty in ease of doing business in Punjab. He further said that Patti – Makhu rail link is our top priority besides developing focal points. The stress is on living up to the faith that the old investors have exhibited in the State apart from going for new investors, said Finance Minister.Welcoming the captains of industry to Punjab, the Industries and Commerce Minister Gurkirat Singh Kotli said that the upcoming investor summit would be a perfect opportunity for holding interactions with the leading players of the industry so as to make them equal contributors in the growth story of Punjab.The Chief Secretary Anirudh Tewari mooted the idea of creating industrial regions in the State besides emphasizing exploring possibilities in the petro-chemical sector in Bathinda. The State Government is also focusing on encouraging small scale food industry in Punjab, added the Chief Secretary.Sachit Jain from Vardhman Group while lauding the work culture in Punjab, said that the power cost must be reasonable in the State apart from better road connectivity to the industrial concerns. He specifically asked for improvement in the civic infrastructure in Ludhiana which is an industrial hub of the State.



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