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The Bhagwant Mann-led Aam Aadmi Party (AAP) authorities on Thursday rolled out the pink carpet for enterprise honchos on the fifth Progressive Punjab Investors` Summit 2023, promising traders a hassle-unfastened enjoy.
In the welcome address, leader secretary VK Janjua stated: “The Punjab authorities desires the investor to shop for land for putting in enterprise and go away the relaxation to the nation authorities. The authorities will devote an officer as a help and hyperlink among the investor and the authorities to hurry up formalities.”
State funding merchandising minister Anmol Gagan Maan stated the nation authorities has formulated rules to help funding in textile, meals processing and records technology (IT) except different sectors.
“Punjab has no labour unrest and the authorities is right here to help the enterprise in each feasible manner. Chief minister Mann has issued strict orders that the investor ought to now no longer face any hassle. If you need to make investments withinside the great, come to the land of Baba Nanak. It is the CM`s endeavour is to make the land of Baba Nanak a innovative nation and to present employment to the humans of Punjab,” she stated. “Punjab is being promoted as vacation spot for water tourism and we’ve a big scope for tourism in faith and history sectors,” she stated.
Punjabis worldwide citizens: CM
Before turning in his address, the Punjab CM unveiled the nation`s electric powered vehicle, logistics and business rules.
“All audio system have stated Punjab is the wish and meals bowl of India. Punjabis are worldwide citizens. Punjab has franchises in Toronto, Fremont, San Francisco, Sydney, Auckland, Malaysia, everywhere. We are hardworking humans and might stimulate healthful monetary boom. Punjab is complete of thoughts. Punjabis got here up with massive thoughts including Zomato and Flipkart. This summit will now no longer be approximately memoranda of understanding (MoU), it is going to be approximately information sharing, and getting to know from every different. MoU is an old component. In the past, big funding become proven on paper however not anything came about at the ground. Anyone launching in Punjab will in no way be in loss,” Mann stated.
Earlier, he stated, the enterprise become positioned alongside National Highway-1 however now the nation has 4 fundamental highways, the great rail connectivity and worldwide airports to facilitate enterprise.
Green sign for hassle-unfastened funding
Mann stated that Punjab is domestic to 75% of the usa`s sports activities items production whether or not it`s rugby balls, footballs or cricket bats for worldwide competitions, they’re synthetic in Jalandhar.
He stated 95% of pointers from the enterprise were included withinside the business coverage and it is going to be up to date in keeping with the enterprise`s requirement.
The CM stated that the Punjab authorities has added colour-coded stamp papers. “For enterprise, you may purchase inexperienced stamp paper this means that you may have all approvals for putting in the enterprise with out hassles of no objection certificates (NOCs) and alternate of land use (CLUs) which might be now a component of the past. The enterprise simply has to inform us in which they need to installation a unit and authorities officers from extraordinary departments will method them at their doorstep to present all approvals,” he stated.
Ideal funding vacation spot: CII
Anshuman Magazine, chairman of the Confederation of Indian Industry (CII), northern region, stated the political management in Punjab has installed massive efforts to carry enterprise leaders on a platform. “Punjab has an atmosphere for textile, IT, meals processing and sports activities items enterprise. By 2025, Punjab is predicted to steer the usa in non foodgrain exports withinside the agri-sector. Mohali metropolis has capability to make bigger as an IT enterprise hub,” he stated, including that Punjab is a perfect funding vacation spot for enterprise.
Loyalty for Punjab: Medanta leader
Naresh Trehan, the chairman of the Medanta Group, stated: “In 2009, we commenced out with bringing super-speciality fitness offerings withinside the usa and feature now determined to release a medical institution in Punjab. My loyalty is for Punjab as I come from Amritsar and feature a lineage from Guru Angad Dev, the second one Guru of Sikhs. It is my preference to do some thing for Punjab and I will search for the options. This summit holds out new wish for youngsters, the destiny for Punjab is sky high.”
M&M set to make bigger in Punjab
Rajesh Jejurikar, the government director of Mahindra and Mahindra stated: “Punjabis are incredible at entrepreneurship. Our Swaraj tractor headquarters in Punjab is the second one maximum tractor vendor withinside the usa, and the primary emblem in Punjab. Besides, Scorpio and Thar jeeps on each crossing proves the arrogance of Punjabis.”
M&M has 4 production devices in Punjab and is making an investment withinside the fifth. “We may want to have long past everywhere however we determined to make bigger right here. Club Mahindra would really like to installation a inn at Ranjit Sagar Lake. We are in Punjab for years and could additionally want to be a part of the brand new boom story,” he stated.
Prabh Das, the leader government officer and coping with director of HPCL-Mittal Energy Limited (HMEL), stated: “I am the most important ambassador of Punjab withinside the global and could make bigger operations in right here.”
Plan to double funding in nation: Cargill
Cargill India president Simon George emphasized on connecting farmers with enterprise and clients. “At Cargill, we may want to join farmers with enterprise and clients together along with your ingredients. We are withinside the commercial enterprise of some thing in meals with thirteen production places withinside the usa. Punjab has been an critical component withinside the Cargill boom story. The enjoy of operating in Punjab has been unrivaled and we plan to double funding in Punjab,” George stated.
Doubling production in Punjab: RJ Corp
Ravi Kant Jaipuria, the chairman of RJ Corp, stated: “We are an Indian multinational withinside the bottling commercial enterprise and the most important manufacturer of Creambell ice-cream with big plant life in Punjab`s Pathankot and Phillaur. We rent 2,000 humans and are doubling our bottling and juice production commercial enterprise. Youngsters right here are inclined to paintings tough and the nation is prepared to help traders.”
Arun Murugappan, the MD of Murugappa Group, said: “The bicycle plant in Rajpura is the various 3 flowers we’ve withinside the state. We see Punjab as a revolutionary vacation spot for industry.”
Nisaba Godrej, the govt chairperson of Godrej, said, “Godrej is the is the primary desire of Punjabis and we devoted to persevering with our funding withinside the state.”
Punjab land of enterprise: Rakesh Bharti Mittal
Rakesh Bharti Mittal, vice-chairman of the Bharti Group, said: “I am a Punjabi from Ludhiana and Punjab has excessive hopes from the CM. Punjab is land of enterprise, Punjabis revel in existence and prefer to paintings hard. Punjab is the most important contributor to meals protection of the country. And withinside the Union budget, meals garage is pinnacle priority. The function of offerings quarter can`t be ignored. Bharti has invested ₹15,000 crore and furnished employment to 50,000 people. Airtel will release 5G offerings soon, beginning with Mohali, Chandigarh, Panchkula and Ludhiana. Punjab`s cellular tower coverage is awaited, he said, urging the CM to announce it withinside the summit.
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