States »NortPosted at: Jul 2 2021 7:06PM Punjab all set to become India's frontrunner industrial state,preferred global investment destination : CM
Chandigarh, Jul 2 (UNI) Expressing satisfaction at the state’s success in promoting a robust investment environment, Chief Minister Captain Amarinder Singh on Friday expressed the confidence that Punjab was on the path to become the frontrunner on India’s industrial map, and the most preferred global investment destination.
The Chief Minister lauded the stupendous progress in creating an investment-friendly eco-system, facilitating 2661 investment proposals worth Rs.86,819 crore, received till May 2021, with an employment potential of 323,260.
The Chief Minister said the industrial sector in the state had seen a massive growth since his government took over in March 2017. The new industry-friendly policies initiated by his government, which had promoted ease of business, had attracted investor confidence, he said, pointing out that despite the sluggishness in the economy due to the Covid crisis, the state had received a whopping 267 investment proposals worth Rs.2277 crore in May 2021.
The Chief Minister also appreciated the efforts of Punjab Bureau of Investment Promotion (PBIP) in initiating several path-breaking steps to ensure prompt clearances to prospective investors/entrepreneurs to set up their industrial units. He said the recent decision to set up District Bureau of Industry & Investment Promotion (DBIIP) in each district would further promote 'Ease of doing business' in the state. This, he said, will facilitate timely grant/issuance of clearances/approvals/NOCs, applied through the Invest Punjab Business First portal.
Principal Secretary Investment Promotion Alok Shekhar said of the Rs.2277 crore worth of proposals received in the month of May 2021, Rs.1206 crore worth were related to key projects in Real Estate, Housing & Infrastructure, Tourism and Hospitality, Healthcare, Manufacturing and Agri, Food Processing and Beverages.
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