Will ensure ease of doing business: Punjab CM

Mohali (TIP)- Underlining the government initiatives towards facilitating the ease of doing business for the new industrial units in Punjab, Chief Minister Bhagwant Mann On February 23 unveiled the roadmap for industrial growth with minimal government interference. He was addressing the inaugural session of the fifth Progressive Punjab Investors’ Summit at the Indian School of Business (ISB) here. The CM said, “We will abolish the necessity of obtaining the change of land use (CLU) and no objection certificates.” He said, “This summit is not about signing MoUs. This is a platform for learning and sharing ideas. We don’t want to repeat the habit of making big announcements about MoUs, as done in the past. Majority of those showed no result on the ground.”

He unveiled the new Industrial and Business Development Policy with incentives for investors undertaking expansion projects, setting up new MSMEs or large units, start-ups in service and manufacturing sectors. Punjab is developing 20 rural industrial clusters and 15 industrial parks. The state has received investment worth over Rs 40,000 crore since March 2022 and generated around 2.5 lakh employment opportunities. He also made a special mention of the investments received from Japan, UK, UAE, USA, Germany, South Korea, Singapore, Spain, France, Italy and other countries.

Investment Promotion Minister Anmol Gagan Mann said, “We are investing heavily in developing infrastructure to attract tourists with special emphasis on adventure and water tourism.” Medanta Group chairman Dr Naresh Trehan said, “We are coming to Punjab. We are working on establishing ourselves in Punjab as soon as possible.”

Mahindra and Mahindra executive director Rajesh Jejurikar said, “We have invested in Punjab for decades. We have grown five times since 2007. We have four manufacturing units in Punjab and are investing in the fifth one, which at present, is under construction.” Cargill (India) president Simon George said, “We have 13 manufacturing locations in the country. We made the first investment in Punjab in 2016. We are in the process of doubling our investment here over the next two years.”

RJ Corp chairman Ravi Kant Jaipuria said, “We have two large plants in Punjab at Phillaur and Pathankot. We are in the process of doubling our production at the Pathankot unit.”          Source: TNS