Punjab to showcase its investment potential in CII Invest North
Author(s): City Air NewsLudhiana, September 7, 2015: The Punjab Government is all set to participate and aggressively showcase its investment potential in the upcoming ‘Invest North’ Conclave being organised by Confederation...
cityairnews
Sep 7, 2015 12:30
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Ludhiana, September 7, 2015: The Punjab Government is all set to participate and aggressively showcase its investment potential in the upcoming ‘Invest North’ Conclave being organised by Confederation of Indian Industry (CII) from 10th – 11th September 2015 at Hotel LaLit, New Delhi. The conclave gains prominence as attracting investments is on top of the agenda of Punjab government as well.
Set to be inaugurated by Smt Nirmala Sitharaman, Minister of State for Commerce & Industry, Government of India, in the presence of Sr Sukhbir S Badal, Deputy CM, Punjab along with chief Ministers of Haryana and Uttarakhand, CII Invest North will attract both domestic and overseas investors like the previous three editions, in which Punjab Government also participated.
Sr Sukhbir S Badal would showcase Punjab Govt’s key incentives, best practices and pro – industry policy initiatives and Punjab’s unique strengths to attract investments during the inaugural session. Mr Badal would also interact with select industry leaders and CEOs in B2G meetings to discuss investment proposals for mega projects on 10th Sept itself.
“The one of its kind conclave, which is aimed to primarily revive investments in the eight northern states is very much in sync with the vision and thought process of Deputy Chief Minister Mr Sukhbir Badal, Chief Minister, Punjab, in the sense that it aims to showcase Punjab’s vast potential in sectors like Renewable Energy, Textiles, Agro Processing, Dairy and Healthcare, Auto & engineering, ESDM, IT & ITeS, , Tourism & Hospitality, and hence attract investments”, shared Mr S S Bhogal,Chairman, CII Punjab State Council & Managing Partner, Bhogal Sons Pvt Ltd.
“Punjab can attract huge investments, courtesy its well-developed physical infrastructure and good connectivity with all major cities of the country coupled with a robust industrial infrastructure with various industrial areas and specialized parks / Zones. The state Govt would also share its upcoming projects where in private investments are expected. The Govt offers attractive incentives through its policy of Fiscal Incentives for Investment Promotion 2013 (FIIP 2013). Further, it offers a rich pool of skilled, semi-skilled and unskilled human resources, making it suitable for both knowledge-based and manual labour intensive sectors”, he added.
Mr Malvinder Mohan Singh, Chairman, CII Invest North 2015 and Executive Chairman, Fortis Healthcare Ltd, shared that “CII Invest North 2015 will carry forward the agenda of the last three editions to explore sector specific opportunities, showcase the investment potential, and attract investments in the northern region, which has vast untapped potential. The high point of the event will be one-to-one meetings, i.e. B2G and B2B meetings to help the industry engage with state and central governments, explore business opportunities and forge new partnerships”.
“Partnered by Department of Industrial Policy and promotion (DIPP), Union Commerce Ministry, ‘CII Invest North’ is an effort to create a platform for northern states Governments to strengthen business and industry linkages. CII Invest North aims to address some of the limiting factors, enhance ease of doing business, share best practices and portray north as a preferred investment location with a large market base and significant resources, backed by conducive investment policies”, he added.
“CII Invest North will have dedicated state sessions, to be addressed by respective Chief Ministers or Industry Ministers in addition to a brainstorming sessions on Make In India, Ease of Doing Business, Digital India and E-commerce, Global Engagements For Growth, Enabling Infrastructure : Role of Dedicated Freight and Industrial Corridors with specific reference to Northern States where Chief Secretaries of the Northern States along with Secretary – DIPP would participate”, informedMr Shreekant Somany, Chairman, CII NR and CMD, Somany Ceramics Limited.
“Business delegates and diplomats from various countries like China, South Africa, Brazil, Thailand, The Netherlands, United Kingdom, Italy, Egypt, Singapore, New Zealand, Mongolia, Indonesia, Sweden, Cuba, Turkey, France, Taiwan, Chile, Romania, Maldives, Zimbabwe, Germany, Korea would also participate at the conclave”, added Mr Somany.
Date:
Monday, September 7, 2015
