Captains Of Industry & Business Tycoons Lauds Path Breaking Industrial Friendly Initiatives Of Punjab Govt
Author(s): City Air NewsChairman of Reliance Industries Mr. Mukesh Ambani with Punjab Deputy CM Mr Sukhbir Singh Badal during the inaugural session of Progressive Punjab Investors’ Summit at Indian School of Business, SAS Nagar (Mohali)...
SAS Nagar (Mohali), October 28, 2015: Country’s leading Captains of Industry and Business Tycoons today highly appreciated the path breaking initiatives taken by the Punjab government for the promotion of Industry in a big way.
Taking part in the deliberations during the inaugural session of Progressive Punjab Investors’ Summit here at Indian School of Business, these top business honchos acknowledged these industrial friendly steps as an integral part to boost the industry in the state.
Chairman of Reliance Industries Mr. Mukesh Ambani said that Punjabis were known for their benevolence world over, which was the redeeming factor to attract investors to invest here. He recalled that even his father late Dhirubai Ambani acknowlged the open hearted character of Punjabis and often boast to be a ‘Punjabi Gujrati’. Mr. Ambani said that dynamism of Deputy Chief Minister Mr. Sukhbir Singh Badal motivated him to invest Rs 3900 crore in Punjab for making it country’s first state to have 4G connectivity in all the villages, towns and cities. “This summit is not merely an event but a healthy platform for engaging partnership between government and industry to ensure development and prosperity in Punjab” he added.
Joint Managing Director Hero Motocorp Mr. Sunil Kant Munjal said that there was tremendous scope of industrialization in the state especially in the area of automotive components. He said that the bold initiatives taken by the state government for the promotion of industry deserves full marks as they have not only made announcements but really implemented it in true letter and spirit. “Punjab government has actually demonstrated its will to change and things are now moving in right direction” added Mr. Munjal.
CEO of ITC group Mr. YC Deveshwar said that Punjab enormous potential for the expansion and development of agro based food processing industry in view of its high agriculture productivity. He said that if Indian government could give a slogan of ‘Make in India’ then why Punjab could not be a leading state in promoting the concept of ‘Value addition of agri-produce’, which would not only strengthen the agrarian economy but also generate tremendous employment potential. Mr. Deveshwar said that today’s decision to exempt agro based industry from input tax would reinforce state government’s faith and commitment for societal welfare.
Chairman Bajaj group Mr. Rahul Bajaj said that he was highly impressed by the roadmap presented by Deputy Chief Minister Mr. Sukhbir Singh Badal for development of industry. He said that notwithstanding the fact that Punjab was facing several challenges, the state was gradually emerging as a favorite destination of industrialists. Mr. Bajaj also complimented the Punjab government for having really excelled in the ease of doing business for its investor friendly initiatives.
In her address MD & CEO, ICICI Bank Chanda Kochhar said, “ICICI Bank is committed to partner with the State Government in their endeavour to drive new growth opportunities and create new benchmarks in economic progress. She said that they were planning to significantly scale up our operations in Punjab even further, gearing up to support the next phase of growth and economic expansion in the state. She said that to catalyse the state’s growth and promote financial inclusion, we would double our branch network in Punjab over the next two years and also disburse over Rs 20,000 crore of loans in the next three years. We plan to offer two new products - Tatkal Shishu and Tatkal Kisan Credit Card through the State Government’s Sewa Kendras. We would leverage technology to collaborate with the Government in its e-governance initiatives. We would also offer customized services that will facilitate young citizens of the State to pursue their education and technical courses in Canada. Further, we plan to expand our skill development initiatives for the under privileged youth through ICICI Academy for Skills by setting up a 30,000 sq ft skilling centre. Additionally, we are also committed to support the State Government for setting up 25 skill development centres across the state.”
Chairman and Managing Director Sun Pharma Mr. Dilip Shangvi said that his group had already high stakes in Punjab with recent acquisition of Ranbaxy. He said no doubt there was a congenial investment atmosphere in the state and the group may go for further expansion in Punjab in near future.
CMD of Spice Jet Airways Mr. Ajay Singh said that the newly constructed International Airport at Mohali would act as catalyst to further promote trade and industry in the state.
Vice Chairman of DLF Mr. Rajiv Singh also hailed the investor friendly decisions of the state government and said that his group would make investment to tune of Rs 9200 crore in the state.
Executive Chairman of Fortis Healthcare Mr. Malwinder Mohan Singh announced to set up a state-of-the art Medical University in the state for imparting world class Healthcare facilities in Punjab.
CMD of Vardhman Group Mr. SP Oswal lauded the helpful attitude of Punjab Chief Minister Mr. Parkash Singh Badal, who was always ready to resolve the issues faced by the industrialists. He urged the state government to come out with a comprehensive policy to boost the textile sector in the state.
Meanwhile, the Navrattan Group also firmed up an investment of about Rs. 1500 Crore in the State of Punjab, primarily in the Cement and the Power Generation sectors. Chairman of group Mr. Himanshu Verma in his meeting with Deputy Chief Minister said that the major milestones of the Navrattan Group include: Navrattan Cement Industries LLP which uses green based cement technology to produce green cement by using by-products like fly ash with its manufacturing facilities coming up in Rajpura and Bathinda. Navrattan Group, with its revolutionary inventions in Green based technologies has ventured into various sectors such as Renewable Energy, Infrastructure, Realty, Biosciences, Agriculture and Healthcare, aimed towards equitable and sustainable growth. The company has already signed an agreement with L & T Thermal Power Plant for 24 years for lifting their fly ash. Navrattan Green Power Co. Ltd.is a pioneer in low cost power generation patented SUNSUL technology that uses industrial waste to generate power and are also worldwide exclusive IP owners of the said technology.
Prominent amongst other who spokes on occasion Chairman Piramal group Mr. Ajay Piramal, Chief Executive US based General automic electromagnetic system Dr. Vivek Lal, Deputy Minister of Poland Mr. Jerzy Witlod Pietrewics, CMD GVK Group Mr. GVK Reddy and Secretary General Shangai Municipal Political and Law Commission Mr. Jiang Ping.
Date:
Wednesday, October 28, 2015