Chandigarh, June 23
Punjab Finance Minister Advocate Harpal Singh Cheema said that the state is experiencing a historic industrial revolution, a direct result of the progressive industrial development policies championed by the Chief Minister Bhagwant Singh Mann-led Punjab Government. He further emphasised that numerous new initiatives are currently in the pipeline to further accelerate industrial growth within the state.
Addressing the trade fair co-organized by HMT Industrial Park and Maya Garden Group late last evening, Finance Minister Harpal Singh Cheema highlighted the recent implementation of a Fast-track Single Window System. “This innovative system ensures that necessary project permissions are granted within 45 days, with automatic deemed approval and accountability for responsible parties if permissions are not accorded within this timeframe”, said Cheema.
Listing out the achievements of the State Government, the Finance Minister revealed that the Punjab Government has also introduced Colour Coded Stamp Paper for the issuance of registered sale deeds, which now include in-built Change of Land Use (CLU) approval. “Pre-approvals are efficiently processed through the Single Window System within defined timelines by six key departments: Revenue, Housing & Urban Development, Local Government, Punjab Pollution Control Board, Forest & Wildlife, and Labour and Factories”, he added.
The Finance Minister also revealed that the Punjab government has brought forth a comprehensive policy for the clubbing and de-clubbing of plots. This policy directly addresses the long-standing demands of industrial stakeholders to merge or divide adjacent plots, thereby optimising land use and supporting project expansion. He also announced that the state government is actively planning to introduce a policy for the conversion of leasehold plots to freehold.
Underlining the simplification of the CLU process by the state government, Finance Minister Cheema said that the requirement for standalone industries to obtain CLU permissions in permissible zones has been removed. He said that this significant change would reduce both the time and complexity involved in establishing new industrial units across the state.
Reiterating the Chief Minister Bhagwant Singh Mann-led Punjab Government’s unwavering commitment to maximising industrial growth, the Finance Minister said that incentives worth Rs 180 crore have already been provided to the industrial sector during the first two months of the financial year 2025-26. He affirmed that the state government consistently endeavours not only to encourage existing industries but also to attract new enterprises to bolster the state’s industrial ecosystem.
Expressing his profound gratitude to the State Government, Mr. Meghraj Garg, CMD of HMT Group, stated that the HMT Industrial Park, situated in a “Red Zone,” allows for the establishment of every type of industry. He commended the Punjab Government for fostering a conducive environment for industrial growth and ensuring speedy and timely project approvals.
The HMT Industrial Park, a burgeoning hub for emerging industries, is strategically located at Lalru, offering excellent connectivity to NH 22, NH 72, and NH 73.
Among the other notable dignitaries present on the occasion were Director HMT Sudarshan Singla, and CMD Maya Garden Group Satish Jindal.
