Policy

Punjab allocates separate land banks for different sectors

At CII Invest North Conference, states governments focussed on Make in India, Digital India and Skill India
Punjab allocates separate land banks for different sectors

Hard selling Punjab at CII Invest North, Sukhbir Singh Badal, Deputy Chief Minister, Government of Punjab said that the state has allocated separate land banks for different sectors with pre approved and cleared sites.

He said that Punjab is aggressively cruising ahead on the path of progress which is evident from the strengthening social and industrial infrastructure, ease of doing business instruments, e-governance measures, a slew of landmark incentives by the State Government attracting investments from across the globe.

“We are fully committed to do away with cumbersome regulations and procedures and promote self certification by the industry. These regulations were put in place by British raj out of mistrust, hence they have no place today. We fully trust our industry and hence would soon apply self certification methodology for any new industry in Punjab by December 2015 for various necessary approvals, with no inspector visiting for inspection,” Badal said.

Addressing the Conference Nirmala Sitharaman, Minister of State, Commerce & Industry, Government of India said, “The World Bank in association with a professional agency roped in by Govt of India to analyse the regulatory procedures, key policies, reforms, efficacy of the single window systems and approval processes of all Indian states is all set to declare its first ever report ranking the Indian states on Ease of Doing business, this week.”

The northern states are indeed very pro active and can attract huge investments in the present global scenario by further easing their regulatory procedures”, she added.

“The objective of the Enterprises Promotion Policy 2015 is to position Haryana as a pre-eminent Investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system, wide scale adoption of innovation & technology, and skill development for nurturing entrepreneurship and generating employment opportunities”, Manohar Lal, Chief Minister, Government of Haryana said while urging the industry to invest in Haryana at CII Invest North.

Haryana Chief Minister said that a slew of path-breaking reforms and incentives which include an employment generation subsidy of Rs. 36,000 per person per year to the industry who employs local youth, VAT subsidy upto 75 percent to MSMEs, etc. will go a long way in attracting and sustaining industry to the State.

The thrust of 4th CII Invest North conference was on Make in India, Digital India, Skill India, Delhi Mumbai Industrial Corridor (DMIC) & Dedicated Freight Corridor (DFCs) etc the enablers for investments in the states.

“Two day conclave witnessed thought provoking discussions on Smart Cities, MSME competitiveness, ease of doing business, Central- State Coordination, which would ensure not only the Northern States but also the Indian economy going double digit in the coming years, said Malvinder Mohan Singh Chairman, CII Invest North 2015 & Executive Chairman Fortis Healthcare Ltd. Punjab, Delhi, Haryana, Uttarakhand, Uttar Pradesh, Rajasthan and J&K participated in the conference. The state governments aggressively showcased their key strengths, investment potential, key incentives, best practices and pro – industry policy initiatives with industry leaders and CEOs with an aim to finalize investment proposals for their respective mega projects in the two days. The conclave attracted more than 500 potential investors and around 80 delegates and diplomats from 33 countries.

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