Chandigarh, Punjab
As a precursor to two-days Progressive Punjab Investors Summit 2021 on October 26 & 27, Punjab Chief Minister Charanjit Singh Channi on Saturday met a delegation of German companies operating there. The Chief Minister had similar interactions few days back with the captains of the industries based in Punjab for their suggestions and feedback before the Progressive Punjab Investors Summit.
A statement issued by the government said that during the meeting, representatives of the Companies shared their hands-on experiences of operations in Punjab. President Vibracoustics India, auto component manufacturer Jagminder Bawa informed that the overall efficiency of operations in their Punjab plants is at par with their other plants located in Germany.
Sriram Kanan, MD, Claas India (an agri implement manufacturer) apprised the Chief Minister that robust connectivity and peaceful labour relations without domicile condition in Punjab are very encouraging for the industry. Ashish Kumar, MD, Verbio India, offering biomass to CNG plant, informed the Chief Minister about the progress of their first plant coming up in Sangrur. He also mentioned that Verbio will replicate the same model at multiple locations in the Punjab with the suport of PEDA and Invest Punjab in near future.
The Chief Minister assured that the state government would extend fulsome support and cooperation to the MNCs and directed CEO Invest Punjab, Rajat Agarwal, to extend timely facilitation to all such international and national companies in expanding their businesses in the state.
Having a strong ecosystem, business friendly policies and excellent factors of production, Punjab has become a preferred investment destination for the global firms in the last few years, state Industries Minister Gurkirat Singh said Sunday.
Source: The Pioneer
Image Source: Google Images
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