IEP Chandigarh, February 13
Punjab Chief Minister Bhagwant Mann on Monday said that in merely 11 months of assuming charge of office the state government has so far firmed up investment worth Rs 38175 crore which will generate 2.43 lakh jobs in the state. “This is just a pre-monsoon shower and a regular shower of monsoon will be witnessed soon in the state during the invest Punjab summit being held on February 23-24 at Mohali”, said the Chief Minister during an interaction with the media persons here at the Punjab Bhawan. The Chief Minister said that he had gone to Chennai, Hyderabad, Mumbai and Germany to invite the industrialists to the summit. He said that the industrial honchos in these metros were surprised to note the vast potential of industrial growth in the state. Bhagwant Mann said that due to strenuous efforts of the state government these industrialists are now ready to invest in Punjab. The Chief Minister said that till now investment worth Rs 38175 crore has been firmed up in the state which will generate 2.43 lakh jobs in the state for the youth. Divulging more details, he said that in Real Estate, Housing and Infrastructure the proposed investment is Rs 11853 crore which will generate 1.22 lakh jobs. Likewise, Bhagwant Mann said that Manufacturing sector has attracted investment worth Rs 5981 crore and created 39952 jobs, Alloy Steel and Steel sector has attracted investment of Rs 3889 crore which will provide 9257 jobs, Textiles, Technical Textile, apparels and Made-Up sector has firmed up investment worth Rs 3305 crore and will create 13753 jobs, Agri, Food Processing and Beverages sector has attracted investment worth Rs 2854 core and will provide 16638 jobs and Healthcare has firmed up investment worth Rs 2157 crore and will provide 4510 jobs. The Chief Minister further said that Tata Steel (Fortune 500) is investing Rs 2600 crore in Secondary Steel sector at Ludhiana, Sanathan Polycot is investing Rs 1600 crore in Man-Made Fiber sector at Fatehgarh Sahib, Nabha Power (L&T) is investing Rs 641 crore in Power sector at Patiala, Toppan (Japan) is investing Rs 548 crore in Packaging sector at SBS Nagar, Nestle (Switzerland) is investing Rs 423 crore in Food Processing sector at Moga, Vardhman Special Steels (Aichi Steel, Japan) is investing Rs 342 crore in Hybrid Steel sector at Ludhiana, Freudenberg (Vibracoustics, Germany) is investing Rs 338 crore in Auto & Auto Components sector at Rupnagar, Bebo Technologies is investing Rs 300 crore in IT sector at SAS Nagar, HUL (UK) is investing Rs 281 crore at Patiala and Cargill India (USA) is investing Rs 160 crore in Animal Feed at Fatehgarh Sahib. Giving district wise details, Bhagwant Mann said that investment worth Rs 9794 crore has been firmed up in SAS Nagar which will offer job to 68061 youth, investment worth Rs 9319 crore has been firmed up in Ludhiana which will offer job to 33172 youth, investment worth Rs 4246 crore has been firmed up in Fatehgarh Sahib which will offer job to 13840 youth, investment worth Rs 4079 crore has been firmed up in Amritsar which will offer job to 85419 youth, investment worth Rs 2821 crore has been firmed up in Patiala which will offer job to 9927 youth and investment worth Rs 1200 crore has been firmed up in Rupnagar which will offer job to 3172 youth. The Chief Minister said that this is just a curtain raiser and more investment will be firmed up during the Invest Punjab Summit slated to be held on February 23-24. He said that the objective of the Summit is to attract potential investment and business opportunities, build relationships, and engage with startups on new ideas and solutions. Bhagwant Mann said that the summit will have participation from global and regional investors, corporate organizations, industrialists, thought leaders and others. The Chief Minister said that during the Summit, Punjab will showcase its overall vision for growth and opportunities for investment for industry. He said that the theme of the Summit is ‘Invest in the Best’ – to showcase Punjab as the most preferred investment destination in India. Bhagwant Mann said that there will be a total of nine sessions organized across key areas including Agri-Food Processing, Textiles, Healthcare, Education, Tourism, IT and Start-ups, Exports, Japan Country Session and UK Country Session. The Chief Minister further said that the state government is making concerted efforts to further strengthen the single window system for facilitating the investors. Bhagwant Mann pointed out that earlier single window service was merely a sham, devoid of any meaningful purpose, which not only demoralized the potential investors but also hampered the industrial development of the state. However, he said that his government has ensured that the single window system works as a real facilitator to the entrepreneurs interested in investing in the state. Replying to a query, the Chief Minister said that no industrial unit from the state is migrating to Uttar Pradesh or other. He said that the industrial units are getting the best facilities here only due to which no one will ever migrate from the state. Bhagwant Mann said that the industrial units of state will remain here only and the canards regarding their migration are far away from truth. The Chief Minister said that knowing well that power is the catalyst of growth in the engine of the economy, the state has taken a leap forward towards being power surplus after the resuming of coal supply from Pachwara mine. He said that this will ensure that none of the Thermal Power plants will face any sort of coal shortage in the state. Bhagwant Mann said that the state government is duty bound to provide uninterrupted and regular supply of power to the industrialists. The Chief Minister urged the industrialists to make optimum use of this congenial atmosphere backed by excellent infrastructure, power, skilled human resources and best industrial and work culture to spread their business. He said that the state government was always open for new ideas and innovations to boost up the industrial growth in Punjab. Bhagwant Mann said that the day is not far away when Punjab will emerge as the industrial hub of the country with the active support of the entrepreneurs. The Chief Minister envisioned that the Invest Punjab Summit being organized on February 23-24 will prove to be a milestone in giving a major fillip to industrial growth of the state. He said that the state government has already finalized the arrangements for this mega event. Bhagwant Mann said that the main motive behind giving fillip to industrialization in the state is to reverse the trend of brain drain in the state by opening new vistas of employment for the youth. The Chief Minister further said that his government has broken the backbone of the sand mafia by bringing transparency in the sand mining. Bhagwant Mann said that 16 public mines have been dedicated to the masses thereby ensuring pit head price of sand to Rs 5.50 per cubic feet. He categorically said that the sand mafia that had flourished during the previous government regimes will no longer exploit the people. The Chief Minister said that Punjab has the most conducive environment for the growth of industry across the country. He said that a pool of skilled manpower coupled with best road, rail and air connectivity makes Punjab the most preferred investment destination across the country. Bhagwant Mann said that the summit will put the state on a high growth trajectory of economic growth. On the occasion Cabinet Minister Anmol Gagan Mann were also present.
