Punjab Industrial Growth: Punjab Chief Minister Bhagwant Singh Mann on Wednesday chaired a high-level meeting to review arrangements for the Progressivent Summit, to be held from March, and envisioned Punjab Investment 13-15 in Mohali as a decisive step towards accelerating industrial growth in the state.
Chief Minister Bhagwant Singh Mann announced that the Progressive Punjab Investment Summit will open new doors of employment for the youth while giving a strong push to industrial growth in the state. The summit, scheduled to be held from March 13 to 15 in Mohali, will bring together leading global industrial giants and position Punjab as a preferred investment destination. Emphasising that large-scale industrialisation is essential to revive Punjab’s stagnating economy, as agriculture reaches its plateau.
Chief Minister highlighted the state’s path-breaking reforms, power surplus status, and investor-friendly environment. Reaffirming the government’s commitment, he stated that “Punjab Means Business,” with a clear transition from progressive policies to real on-ground implementation, ensuring sustainable growth, economic prosperity, and massive job creation for the people of Punjab.
Investment summit to boost Industrial Growth, Jobs and Global Investment in Punjab
Addressing the meeting, CM Bhagwant Singh Mann said, “The Progressive Punjab Investment Summit slated to be held on March 13-15 in Mohali will act as a catalyst to further give a major push to the industrial development in the state, which has already emerged as a favourite investment destination across the globe.” He added, “This historic summit will offer a healthy platform to transform the destiny of the state by giving a major push to industrial development.”
Emphasising the need for collective deliberation, theChief Minister stated, “A consensus will be evolved to chalk out further a pro-industry action plan for the overall industrial development in the state after marathon discussions with international industrial giants.” Highly appreciating the leadership qualities and entrepreneurial skills of Punjabis, he remarked, “Punjabis can do wonders anywhere in the world with their grit and stamina.”
Highlighting the theme of the summit, CM Bhagwant Singh Mann said, “The summit will be held on the theme of ‘Punjab Means Business – Policy to Practice.’” He informed that the state government has already organised roadshows at Gurugram, New Delhi, Bengaluru, Hyderabad, Chennai, Mumbai and in foreign countries like Japan, South Korea and others. He further stated, “The key sessions during the summit will include Inaugural, Valedictory, Country Sessions, Plenary, Sectoral Sessions and others.”
Punjab Industrial Growth
Terming the event a major opportunity for investors, CM Bhagwant Singh Mann said, “The investors’ summit will be a platform to showcase the investment opportunities in the state offering maximum incentives across the nation.” He added, “The Punjab Government has received a huge response not only from industrial giants in India but also from across the globe to participate in this mega event.” Reiterating his commitment, he said, “The state’s mainstay agriculture has already reached a plateau and massive industrialisation is the only solution for the rejuvenation of the stagnated economy.”
₹1.5 lakh crore investment, 5.2 lakh Jobs and Pro-Industry reforms to make Punjab top Global Investment Hub
The Chief Minister further said, “The state government has taken path-breaking initiatives to make Punjab the most preferred investment destination not only in the country but across the globe,” and urged prospective entrepreneurs to invest in the state in a big way. He added, “The state Government is committed to giving a boost to the investment and industrial infrastructure in the state and with its earnest efforts, it has so far roped in investment proposals worth Rs 1.50 lakh crore which will create 5.20 lakh job opportunities for the youth.”
CM Bhagwant Singh Mann said, “Leading companies like Tata Steel, Sanatan Textiles and others are making a beeline to invest in the state and to attract more, the state government is organising this Progressive Punjab Investment Summit on March 13-15 at Mohali.”
Focusing on reforms, the Chief Minister said, “The Punjab Government has introduced Green stamp paper in the registration of sale deeds to ensure faster and smoother issuance of regulatory clearances to industry projects.” He added, “Punjab is the only state which can rightly boast of its congenial industrial climate coupled with skilled manpower fully capable of catering to the needs of local industry.” Underscoring the importance of energy security, he said, “As power is the engine of growth, the state government has made all-out efforts to make Punjab surplus in power.”
Global Industrial giants to join summit; CM Mann reviews arrangements
He further said, “Top industrial giants from across the country and globe are expected to attend this mega event in the state to firm up their investments.” Bhagwant Singh Mann reviewed the arrangements with senior officers to ensure that the historic summit is organised successfully. He added, “Apart from exhibition, seminars and technical sessions on various aspects of industry, a special focus on emerging technologies and strategies in industry will be laid.”
Earlier, CM Bhagwant Singh Mann also released logo of the summit. Cabinet Minister Sanjeev Arora, Chief Secretary KAP Sinha and other senior officers were also present on the occasion.
