Punjab Chief Minister Amarinder Singh on Sunday assured to strengthen the state government’s support to local investors and existing industry…
Punjab Chief Minister Captain Amarinder Singh (Photo: Facebook)
Punjab Chief Minister Amarinder Singh on Sunday assured to strengthen the state government’s support to local investors and existing industry to leverage Punjab’s intrinsic strengths.
The CM made this assurance during the second round of informal consultations with industry to elicit their views and feedback before finalising the operational guidelines of the new industrial policy.
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The policy, along with the operational guidelines, are expected to become fully functional by 1 July, 2018.
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Time-bound delivery of regulatory and fiscal clearances was the top priority of his government, which was looking at incorporating the concept of deemed clearances to ensure hassle-free business experience, said the CM.
Assuring all assistance to industry in setting up their units in state, the CM welcomed suggestions and directed the Chief Principal Secretary to examine and incorporate the same in the operational guidelines.
Amarinder Singh urged the industry to come forward to complement the state’s aggressive efforts in development and creation of jobs to bring the state back on the track of growth and progress.
The CM expressed satisfaction at the improved investor sentiment in the state, as evident in the interest shown by major industrial houses in investing in Punjab. On the suggestion of Sunil Kant Munjal of Hero MotoCorp that the government should provide more land to two-wheeler manufacturing units, the CM directed the department to examine the same.
Kamal Oswal of Nahar Industrial Enterprise Limited suggested full benefits on modernisation of units and enhancement of the land limit for industrial parks from 10 to 25 acres, while Kamna Raj Aggrawal of Engineering Export Promotion Council (North India) raised the issue of extension of benefits to 100 percent export units on the lines of the manufacturing industry, which was endorsed by AnoopBector of MrsBector’s Food Specialities Limited, said an official spokesperson.
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