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Punjab receives Rs.99,000-cr investment in last four and a half years, 51% projects commissioned: CEO Invest Punjab Rajat Aggarwal

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Chandigarh, Oct 8, 2021 (Yes Punjab News)
Ahead of the 4th edition of the Progressive Punjab Investors Summit, Principal Secretary Industries, Commerce and Investment Promotion Tejveer Singh on Friday held an interaction with Industrialists. The Summit will be held virtually with pan India industry leaders on October 26 and 27, 2021 and will have a special State Session in the industrial capital of the state at Ludhiana on October 27.

While extending an invite to all the Industrialists, the Principal Secretary the Summit will offer a peek into our robust ecosystem and the wide ranging business opportunities on offer for creating and nurturing businesses.

Addressing the Confederation of Indian Industrialists (CII) Session on Promoting Industry for Progressive Punjab here, the Principal Secretary underlined the need to ensure sustainable industrial growth which he said is key to achieving overall development. Punjab’s prosperity contributes significantly to our national growth, he said exhorting industry bigwigs to tap Punjab’s immense growth potential.

Later, the Principal Secretary also addressed the leading business fraternity of Punjab during a virtual Stakeholder Consultation Meeting organised by the PHD Chamber of Commerce and Industry.

He said that for the further ease of doing business in Punjab, the state government has already operationalized the Perishable Cargo Centre in Amritsar, while another Cargo Terminal at International Airport Mohali will also be made operational soon.

Chief Executive Officer (CEO) Invest Punjab Rajat Agarwal presented the partnership and growth story of the state and the industry. He informed that from 16th March 2017 to 30th September 2021, the State has received a proposed investment of more than Rs 99,000 crores out of those projects, more than 51% have been commissioned. He also informed about the various initiatives of the state like power subsidy to the businesses, deemed approvals and central inspection system to make the business environment conducive.

Earlier, Chairman CII Punjab Bhavdeep Sardana, who is also Senior Vice President & CEO, Sukhjit Starch & Chemicals Ltd said that the state government has undertaken some sweeping reforms including Industrial and Business Development Policy Punjab and Business First Portal in the past four and half years, which has not only resulted in fresh Investments pouring into the state but also revived the instincts of existing Industry.

Managing Committee Member RS Sachdeva hailed the state government for coming up with four Industrial Parks to be established on 3100 acres of land in Punjab at Bathinda, Sangrur, Rajpura and Hoshiarpur districts.

Ambrish Jain, Managing Director, Kangaroo Group of Companies, termed this session as an excellent attempt to concretise a strategy whereby Industry and Government both can complement each other to develop an ecosystem for Punjab’s Industry to be competitive on global stage in times to come.

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