Russian delegation led by former Dy PM evinces interest to make investments in Punjab

Chandigarh, Nov 8, 2019 (Yes Punjab News)

In a bid to woo investments from Russian companies, the Punjab Government has extended invitation to former Deputy Prime Minister and incumbent Chairman of Russian State Development Corporation Igor Shuvalov for participation of the Russian delegation to the Progressive Punjab Investors Summit 2019. The Summit would be held on 5th and ‪6th ‪December in Indian School of Business (ISB), Mohali.

Disclosing this here today a Spokesperson of the Invest Punjab said that State Government’s delegation led by Additional Chief Secretary Investment Promotion Vini Mahajan and CEO Invest Punjab Rajat Agarwal met Mr. Igor Shuvalov and Vice Chairman of VEB Mr. Tsekhomsky along with 20-member team.

The Spokesperson said that the Russian delegation was looking at the opportunities for collaboration in areas related to Smart Cities, Power, Water, Healthcare, and Agro and Food Processing in India. They visited Punjab to engage with the State Government and explore possible areas of collaboration. The spokesperson said that the Punjab Government had already identified 3 smart cities- Amritsar, Jalandhar and Ludhiana where smart and electric mobility is a key focus area.

Apprising delegation about the varied transformative initiatives for the facilitation of industry, the CEO Invest Punjab said that Punjab had firmed up over INR 50,000cr investment in Punjab during last two years. He elaborated the advantages of investing in Punjab, specifically in Smart Cities. He said that Punjab is one of the most urbanized states in India with having enormous potential in creating linkages of startups especially in Agritech.

The State is promoting manufacturing of smart electronics and vehicles by setting up an industrial park- High-Tech valley over 380 acres in Ludhiana to set up Electric Vehicles and Battery Manufacturing units. This state-of-the-art facility will include common facilities for effluent treatment, water treatment plant, design facilities, convention and exhibition centre, warehousing and logistic services, he added.