North India Times

Sukhbir Badal heading South to bring investors

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Ascending a step forward to put Punjab on fast track of industrial growth, Punjab Deputy Chief Minister Sukhbir Singh Badal is all set to meet top industrial tycoon in Chennai and Hyderabad to display investment opportunities in Punjab as well as congenial business atmosphere.

Earmarking the industrial sectors having unprecedented opportunities to grow, Badal will focus on the information technology, healthcare, food processing, bio-technology, light engineering and infrastructure. During the two day tour starting tomorrow from Chennai and Hyderabad  Badal will meet more than a dozen chief of business houses.

Badal will arrive in the city today evening and will start off his campaign to attract investment in Punjab by visiting the Tube Investments’ Muruguppa Group tomorrow followed by a high level discussion with Dr Prathap C. Reddy Chairman of Apollo Hospitals. He will be holding a one to one meeting with  Ashok Dhawan of Flextronics followed by TAFE group Chairman  Mallika Srinivasan. While visiting Rane Group of industries, Badal will also have discussions with its Chairman  Harish Laxman under the tag of investments in Punjab.

In Hyderabad on Friday, Deputy CM will start his day by holding a meeting with  Uday Naidu COO of GMR (MRO) followed by meeting with Deepanwita Chattopadhyay of IKP (ICICI Knowledge Park) and Amritanshu Roy of Alexandria Biotech Park. Later in the evening Mr. Badal will also meet Prabhakar Rao of Nuziveedu Seeds and late evening GVK group. He will also hold a detailed discussions on why invest in Punjab with  Ashok Atluri of Zen Technologies. Deputy CM will also hold meetings with industrialists on one to one basis to woo investments for Punjab.

Describing his proposed meeting with industrial giants another big leap in state’s development, Deputy CM said that SAD-BJP Government has taken massive steps and new initiatives to provide conduce and business friendly environment in industrial sectors.

He said that they will showcase the investment opportunities available in the state, incentives being provided by government and the most important congenial business environment. He said that Punjab was on the way to achieve its target to make Punjab No. 1 investment destination in the country and it has achieved a lot in this regard.

Declaring Punjab as an easiest state for investment and getting instant approvals/sanctions, Badal said as Punjab has best road and air connectivity, power surplus state, technical/engineering/education infrastructure and higher per capita income as compare to national average. He said the State government has already established Punjab Investment Promotion Bureau for quick approvals and rolled out attractive package of incentives under which investors under various heads could retain VAT (Value Added Tax) and CST (Central Sales Tax), electricity duty exemption, stamp duty exemption and exemptions from payment of property tax.

Focusing on submission and online approvals to applications for investment purposes, Deputy CM said that Punjab has introduced online form submission with a centralized application besides online tracking by both applicant and the relevant department. He said all applications would be treated as deemed approvals in case they were not approved within two weeks adding applications could now also be self certified.

Deputy CM said that the state was heading towards a major revolution in the field of industry generating more job avenues for the unemployed youth would become peerless state in the area of industrial investment.

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