Punjab CM Terms Boosting Industry 'Need Of The Hour', Assures Zero Tolerance For Corruption, Delays And Inertia

Delivering his keynote address at the Plenary Session of 4th Progressive Punjab Investors Summit 2021 at Indian School of Business, the Chief Minister said that Punjab would live up to their expectations as Punjab is the best place to do business in India.

Expressing his gratitude to all the visionaries who joined virtually on the first day of two-day Progressive Punjab Investors Summit-2021 on?October 26?& 27 with theme of ‘Progressive Punjab-A story of Partnership, Delivery & Growth: Investors Reassured’, the Chief Minister said their valuable suggestions and input would help the state government to further fine tune the existing industrial policy by incorporating some requisite amendments to make it far more investor friendly.

The Chief Minister further said that he comes from a humble background and had gone through the grill of day-to-day challenges faced by a common man and has first-hand knowledge of their problems.

Channi said, “I have also seen that aspiring young generation of Punjab which wants to do something big and I am committed to fulfill their dreams and unable to do this without you....without your support.” He termed the industrialist as wealth creators in the society and a source of opportunities to cherish the aspirations of state’s youth.

Exhorting the tycoons of industry, Channi said, “You have the capital, you have the risk taking capacity and you have business ideas. I have the will, I have the intent and I have the commitment. I give my commitment to you all?today?that our government will work with you at every step to see that nothing from the government hinders your speed or create hurdles in your business plans. Come let’s team up to deliver the true potential of your organization and the state. Let’s work together towards mutual growth and progress.” Channi aspired to further improve state’s ranking from top 10 to becoming top 5 states in the country in terms of attracting Foreign Direct Investments (FDIs).

He also added that the state has developed a land bank of 6000 acres with Plug & Play facilities and created an efficient skill development ecosystem with active participation of industry. Punjab Skill Development Mission has also been revamped to cater to futuristic skills for Industry.

Pointing out further, the Chief Minister briefly enumerated the immense contribution of Country’s top most companies including; Sonalika International Tractors Limited with Japanese collaboration Yanmar India at Hoshiarpur, India’s largest petroleum refinery in private sector- HMEL at Bathinda, ITC’s biggest food processing unit of North India at Kapurthala, Aarti Steel- a part of global value chain of EV giant Tesla at Ludhiana,?Sun?Pharmaceutical facilities at Mohali in Tonsa, Trident Unit at Barnala and Hero Cycles in the industrial development of state. Channi said that all this would not have been possible without the great Punjabi spirit and congenial atmosphere in the state.

In his address, Finance Minister Manpreet Singh Badal highly lauded the immense contribution of stalwarts of industry in scripting the new chapter of industrialization in the state as Punjab has already reached a point of saturation in agriculture and now boosting industry is the need of the hour. He said that the Punjabis are known for their resilience and valour throughout the world that’s why they ushered in green revolution thus making the country self-reliant in food production besides playing a vanguard role in protecting its national security.

Speaking on the occasion, the Chief Secretary Anirudh Tewari said that Punjab believes in collaborative partnerships to promote inclusive growth and balanced regional development of the state. With the entrepreneurial spirit of industry and supportive policies of the government, the state government wants to make Punjab a global manufacturing hub and is committed to provide all support that industry needs for its growth.

To?mark the Investors Summit 2021, Channi planted a mango sapling in the campus of ISB?

While proposing the vote of thanks, Principal Secretary Industries & Commerce Tejveer Singh said that Punjab government’s strong commitment to further improve the business environment in state and to ensure stability and continuity in policies would certainly take the industrial growth to new heights besides state’s focus on industry, business and employment.

Chairman Mahindra Group Anand? Mahindra also announced to set up its third Tractor factory in the state shortly besides setting up a hotel project near Pathankot.