Manpreet Badal woos industrialists to make huge investments in Punjab

Punjab Finance Minister Manpreet Singh Badal on Thursday exhorted industrialists to make huge investments in the state as it has an investor friendly climate coupled with lucrative incentives and concessions.

While presiding over the session on Punjab industrial scenario during 8th Invest North organised by CII, Punjab here, the Finance Minister recalled the unparalleled contributions of Punjab in steering our great nation to its independence. He said that since time immemorial, Punjab has been the cradle of civilization and culture, and its immense contribution to feeding the nation and securing the country’s borders from external as well as internal aggression has rightly earned it the epitaph of ‘Food Bowl and Sword Arm of India’.

Badal further mentioned that immediately after taking over the reins in March 2017, the State Government under the visionary leadership of Captain Amarinder Singh took varied path-breaking initiatives coupled with fiscal prudence to scale new heights of development in all spheres. With the introduction of investor-friendly initiatives, the state Government successfully reversed the unfortunate trend of industry fleeing from state due to ill-conceived industrial policies of the previous Government. The congenial investment climate coupled with investor friendly policies not only reposed trust and confidence amongst the entrepreneurs but also brought in a new wave of industrial growth in the state in terms of positive investment sentiment, which is evident from the fact with over Rs 50,000 crore investments have been firmed up since we took over.

He further said that Punjab was swiftly emerging as the most favoured investment destination not only amongst the entrepreneurs from the country but also from across the globe with several foreign delegations from Japan, China, UAE, Spain, Singapore etc. have evinced keen interest to invest in State.

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Listing few innovative steps to boost industry, Manpreet Badal said that ‘Invest Punjab-Business First Portal’ has been successfully launched, which facilitates in providing clearances for 46 regulatory services of 16 departments/agencies available on the portal for industry besides giving fiscal incentives to MSME and large units.



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