More than Rs.50,000-crore invested in Punjab during tenure of present government: Vini Mahajan

Amritsar, November 4, 2019 (Yes Punjab News)

In the run-up to the 3rd edition of Progressive Punjab Investors’ Summit, slated to be held on December 5 & 6, 2019 at Indian School of Business (ISB) Mohali, the state government organised pre-summit interactions at Amritsar today. Confederation of Indian Industry (CII) is the Institutional Partner to the Government of Punjab for organising the Investors’ Summit.

The pre-summit interaction focused on apprising the business community based out of Amritsar of the pro-industry initiatives taken by the State over the last two years to propel industrial growth.

Additional Chief Secretary Industries Mrs Vini Mahajan informed that various companies have invested more than Rs 50,000 crore in Punjab in last two years.

He said, “Punjab is open for investments particularly in sectors, including food and food processing, pharma, textile, agricultural machinery and IT & ITeS.” Citing the benefits, the state has to offer, she said that Punjab has the highest rail density in India at 45 km per 1000 square kilometres.

The state has two international airports and world class road connectivity. Punjab’s robust Industrial and Business Policy 2017 offers attractive incentives for both expansion and new projects in manufacturing as well as service sector for all Large, MSME and Startups.

Mr Rajat Aggarwal, CEO Invest Punjab, stated that with only 1.5% of land area Punjab contributes 3% to India’s GDP, Punjab is home to an estimated 2 lakh registered MSMEs giving it a strong industrial base.

“Punjab offers a blend of skilled manpower, robust infrastructure, industry driven ease of doing business initiative and friendly policies making it an ideal ecosystem for investment”, he added.

He also clarified on matters related to Commerce & Industry and assured that the department would render complete support to the industry.

Mr Aggarwal gave a detailed presentation on various initiatives of the State government. He encouraged them to set up anchor units and assured that the government would provide full support in terms of infrastructure and speedy clearances. Mr Aggarwal opined that the Punjab Industry should also make optimum use of ZED and Cluster schemes offered by the Government of India.

Prominent among those present on the occasion included MLAs S. Santokh Singh Bhalaipura, Siban C Director Industry and Commerce, Chairman Mr. Dinesh Bassi, Deputy Commissioner Sh. Shivdular Singh Dhillon, Additional Deputy Commissioner Sh. Himanshu Aggarwal, MC Commissioner Mrs Komal Mittal, CA ADA Mr Bakhtawar Singh, Senior Congress Leader Sh. Lali Majithia, Chairman Mamta Dutta, Chairman Paramjit Batra, Smt. Jatinder Sonia President Congress Committee City besides several others.