Rolling a red carpet for the business tycoons to join the family of three crore Punjabis, Punjab Chief Minister Bhagwant Mann on Thursday gave a clarion call to them for becoming partners of the socio-economic growth in the state. 

Addressing the business tycoons here during the inaugural session of the fifth Progressive Punjab Investors Summit, he welcomed them and said that Punjab is the most favourable investment destination across the country and no stone will be left unturned to facilitate them. He envisioned a strong association between the state government and industrialists to make Punjab an industrial hub in the country.

Mann said that to facilitate the investors for making investments in the state, his government will soon abolish the Change of Land Use (CLU) and NOC that had haunted the industries in earlier times.  He expressed hope that new Industrial and Business Development Policy 2022 will accelerate the desired economic growth, adding that the policy aims to attract huge investment and generate maximum employment in the coming five years. He said that policy provides competitive incentives to all segments of investments including expansions and new MSMEs, Large Units, Export Promotion, Start-Ups of service and manufacturing both.

He envisioned that this policy will provide a roadmap for infrastructure development, such as industrial parks, airports, and ports, which will further facilitate the movement of goods and people and enhance the state's connectivity to global markets. Bhagwant Mann said that the state Government is developing Integrated Industrial Township adding that it taken a major decision to build 20 Rural Industrial Clusters and 15 industrial parks. 
 
The Chief Minister said that rather than waiting for investments in the state, he has adopted a door-to-door policy to approach entrepreneurs for investing in state. He said Punjab has received more than Rs 40,000 Crores worth of investments since March 2022 thereby generating around 2.50 lakh employment opportunities. He said that these investments include those by major companies like Tata Steel, Nestle, Freudenberg, Cargill, Hindustan Unilever, Sanathan Textiles and others that have come to state.

BUSINESS TYCOONS GIVE THUMBS UP TO PRO-INDUSTRY POLICIES OF MANN GOVERNMENT

 Giving thumbs up to the industrial-friendly policies of the state government, the leading industrial captains from across the country hailed the initiatives taken by the Punjab government led by Chief Minister Bhagwant Mann. 

Those who addressed the gathering included Chairman Medanta Group Dr Naresh Trehan,  Chairman & MD, ITC group Sanjiv Puri,  Executive Chairperson, Godrej Consumers Products Ltd Nisaba Godrej,  Vice Chairman, Bharti Group Rakesh Bharti Mittal, MD, Murugappa Group Arun Murugappan, President, Cargill India Simon George,  Chairman & MD, RJ Corp Ravikant Jaipuria, Executive Director, Mahindra & Mahindra Rajesh Jejurikar,  Board of Director HMEL, Prabh Dass,  Chairman CII, Anshuman Magazine, amongst others. 

CM KICKS OFF FIFTH EDITION OF INVEST PUNJAB BY INAUGURATING HI-TECH EXHIBITION

Earlier, Mann kicked off the Fifth edition of the progressive Punjab summit by inaugurating a hi-tech exhibition here at the Indian School of Business.  In the exhibition, a number of leading companies from across the globe had showcased their products. The Chief Minister went to each stall and had detailed information about the products of the various companies. Bhagwant Mann said that this a historic moment as the leading companies of the world are presenting their achievements.  Mann said that these companies have already proved their mettle across the globe in this field. He said that Punjab welcomes these entrepreneurs on the occasion and hopes that with their cooperation state will soon give a major push to industrial growth. Bhagwant Mann assured fulsome support and cooperation to all the industrialists for their every venture.