Punjab Gets 198 Proposals With Proposed Investment Of Rs 13458 Crores
Author(s): City Air NewsChandigarh, August 21, 2015: The Punjab Government have been received record 198 proposals with proposed investment of Rs.13458 crores during last one year after Investment Summit. Besides the key proposals of M/s...
cityairnews
Aug 21, 2015 12:30
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Chandigarh, August 21, 2015: The Punjab Government have been received record 198 proposals with proposed investment of Rs.13458 crores during last one year after Investment Summit. Besides the key proposals of M/s ITC, M/s Cargill India, M/s Amul, M/s Mahindra Agro, M/s Sonalika Tractors the newly constituted Bureau of Investment Promotion under one roof has granted all regulatory clearances to 96 of the said projects.
Disclosing this here an official spokesman of department said that Punjab has emerged one of the most developed States in India in all spheres: agriculture, industry and services that has the best infrastructure in the country and also some of the best people, who are hard working, educated and disciplined. He said that all these factors make Punjab an excellent place for investment.
He said to overcome the global recessionary trend and to establish a congenial industrial atmosphere in the State, the State Government has implemented Fiscal Incentives for Industrial Promotion 2013 and established the Punjab Bureau of Investment Promotion (PBIP), The Policy offers attractive opportunities to invest in the State the package provides incentives of VAT & CST, Stamp Duty, Property Tax and Electricity Duty Exemptions, besides additional incentives for specific sectors such as food processing, textiles and information technology.
“The Government of Punjab has launched Progressive Punjab Investment Campaign in 2013. It organized “The Progressive Punjab Investors Summit” on 9th & 10th December, 2013 at the Indian School of Business, Mohali, as part of this investment campaign. The Summit was a successful event in terms of the MOUs signed envisaging investments in the State in the coming years.” He said.
The spokesman said that the focus areas of investment are Manufacturing (including Textiles and Engineering), Information Technology (including Electronic systems and IT-enabled services), Agro and Food Processing, Tourism, Health, Bio-sciences, Infrastructure and Skill development.
He Said the main objective of the Government is to create jobs in all these Sectors.
The Punjab Government has planned to hold the next Progressive Punjab Investment Summit in the month of October, 2015.
Date:
Friday, August 21, 2015
