Punjab to soon usher in industrial revolution: Manpreet Badal, Singla hold pre-summit interaction with Industry

Mumbai, September 24, 2019 (Yes Punjab News)

Invest Punjab high level delegation jointly led by Punjab Finance Minister Manpreet Singh Badal and Education & PWD Minister Vijay Inder Singla on Tuesday interacted with the business community, in multiple events and meetings scheduled in Mumbai, during 2 days visit. The visiting delegation from Invest Punjab has organized pre-summit discussions and invited the entrepreneurs for the upcoming Progressive Punjab Investors Summit scheduled in December, 2019.

Punjab Finance Minister Manpreet Singh Badal in his keynote address said that Punjab was all set to herald industrial revolution soon as it had already been credited with having ushered in green revolution in early 1960’s thereby making our country self-reliant in food production besides nation’s sword-arm to defend our frontiers from internal as well as external aggressions.

He said that Punjab had made immense contribution in all fields of development and now it was swiftly catching up with the leading industrial states and would soon emerge as the frontrunner state on the country’s industrial map.

Punjab Education and PWD Minister Vijay Inder Singla said that Punjab was marching towards industrialisation as our conventional agriculture economy had already reached a point of saturation. He pointed out that industrialisation was the only answer to propel our economy in the orbit of high growth trajectory.

Under the dynamic and visionary leadership of Captain Amarinder Singh, Punjab has witnessed a revival of industry due to investor friendly atmosphere coupled with lucrative incentives and ease of doing business.

Earlier Additional Chief Secretary Invest Punjab and Industry and Commerce Vini Mahajan said that Invest Punjab-a one stop platform was ensuring seamless clearances to the prospective investors and entrepreneurs to setup their ventures in sectors as diverse as Manufacturing, Food Processing IT/ITeS, Startups, SME’s & Education.

CEO Invest Punjab Rajat Agarwal gave a brief presentation thereby outlining the blueprint of industrial scenario with ease of doing business with one of its kind one stop office called Invest Punjab, besides throwing spotlight on the salient features of Industrial and Business Policy launched by Punjab Government.

From Industry CEO M & M Ltd (Swaraj Divison) Harish Chavan said that Strong Vendor ecosystem with undying Entrepreneurial spirit has gone ahead in making us competitive and now our vendors in Punjab are supplying to other Plants in South India.

MD Vardhman Special Steel Ltd Sachit Jain in his address said that State had a wonderful work culture with no strikes & lockouts with least interference of the Government in industry’s day to day working.

Director Manohar Packaging Aditya Patwardhan also lauded the existing Industrial and Business Policy and Invest Punjab office as it was instrumental in facilitating the industrialists in setting up of new business in the state with professional approach, who were keen to commence operations by next month in the state, in a hassle-free manner.

Earlier the delegation of Invest Punjab held deliberations with the delegates from Financial Institutions (PE/VCs funds) and successful Entrepreneurs. In meeting senior representatives of leading international funds such as Mumbai Angel Networks, Softbank, Macquarie, Morgan Stanley, SBI Capital Markets participated and discussed possibilities of investment in the State of Punjab. CEO INVEST PUNJAB presented the existing ecosystem and showcased investment opportunities in the State. Also extended Investors Summit 2019 to all. Delegation also had one to one meeting with leading business houses such as Tata Group, Siemens, Godrej.

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