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Innocent Admission

Manpreet Badal, Singla meet Infosys co-founder Nilekani, Volvo MD Bali, exhort them to make investments in Punjab

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Bengaluru, August 30, 2019 (Yes Punjab News)

A delegation of Invest Punjab jointly led by Punjab Finance Minister Mr. Manpreet Singh Badal and PWD & Education Minister Mr. Vijay Inder Singla urged the Co-founder & Non Executive Chairman of Infosys Mr. Nandan Nilekani and president & MD of Volvo Group Mr. Kamal Bali to make investments in Punjab as it was a land of enormous opportunities.

The delegation called on Mr. Nilekani and exhorted him that a multinational company like Infosys should come forward to establish a big ticket project in Punjab. Mr. Nilekani evinced keen interest to develop Start-up ecosystem by Infosys in view of the excellent IT and ITES infrastructure existing in the IT city Mohali as informed by the delegation.

Later the delegation called on the President and MD of world renowned luxury vehicles manufacturing group Volvo Mr. Kamal Bali. During the deliberations the delegation impressed upon Bali to setup a Volvo Design Centre and a Service Centre in Punjab besides opening a Skill Development Centre to impart basic training to drivers for honing their driving skills so as to enable them to be gainfully employed across the globe.

Taking part in the deliberations, Mr. Badal apprised the Volvo Group President that the Punjab Government under the stewardship of the Chief Minister Captain Amarinder Singh has made rapid strides in the industrial sector and subsequently the lucrative incentives/concessions being offered by the State has further given impetus to the investment sentiment in Punjab.

He said that the congenial investment climate coupled with the investor friendly State Industrial and Business Policy has revived the industrial growth in Punjab, which was reflective from huge investments worth over Rs. 50,000 crore since our government assumed office in March 2017. He also promised to extend wholehearted support and assistance to the investors to getting their investment plans fructified.

Highlighting the bold initiatives taken by State Government to further bolster industry, the Finance Minister mentioned that the Invest Punjab was a ‘One Stop Office’ for providing regulatory clearances on fast track and extending investment support to the prospective investors and entrepreneurs.

He also pointed out that the ‘Invest Punjab-Business First Portal’ has proved to be a milestone in giving clearances for 46 regulatory services of 16 departments/agencies available on the portal for industry besides fiscal incentives to MSME and large units.

Mr. Badal further said that Punjab was swiftly emerging as the most favoured investment destination, which was evident from the fact that several multinational companies and world acclaimed industrial groups had evinced keen interest to invest in Punjab.

PWD and Education Minister Mr. Vijay Inder Singla said that the New Industrial Policy has propelled the state into the orbit of high growth trajectory and Punjab would soon emerge as the leading state on the country’s industrial map.

The Additional Chief Secretary Investment Promotion, Industry and Commerce Ms. Vini Mahajan assured of all fulsome support and cooperation to the investors and industrialists, who intend to choose Punjab as their future destination for industrial investments.

Prominent amongst those present on the occasion included CEO Invest Punjab Mr. Rajat Aggarwal and Special Principal Secretary to Chief Minister Mr. Gurkirat Kirpal Singh.

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