Punjab Govt launches Business First Portal

In a bid to give a big push towards the ease of doing business in the State, Punjab Government has launched a "Business First Portal" which was unveiled by Industry Minister Sunder Sham Arora here on Thursday.

Addressing the industrialists here after launching the portal, the Minister said that online portal would facilitate the industrialists for Regulatory Clearances and Fiscal Approvals , real time tracking of applications  at common platform.

Terming the new portal as one step solution for industrialists, Arora said that  Regulatory clearances of all other departments would be integrated in the portal .

He said that Self access facility for the applicants have also been provided in the portal for the traders at first time on which applicants would be able to examine their application and enclosed documents.

The Minister said that the State Government is committed for ensuring 100% VAT refund to industrialists by the end of this year.

The entire VAT refund would be given to the industrialists by releasing installment worth Rs 300 crore to them after every two months, said he.

Describing the industry as backbone of the state’s economy, the Minister said that every problem of industrialists would be solved on top priority. Ten MOUs were also signed on the occasion with investment of over Rs 46.50 crores.