Punjab most favoured place for investment in India

 by Punjabnewswire4u (Balbir)

CHANDIGARH, SEPT 9

  A World Bank Study has declared Punjab as the most favoured place for investment across the country and termed as future growth engine that would propel the national economic growth. 

Disclosing this here today Industry and Commerce Minister of  Punjab Mr Anil Joshi said that in a latest study of World Bank about the Investment environment in the country, Punjab has been declared as a most preferred destination for investors. He said that the report of World Bank was based on various parameters including record investment by the incumbent government on  the infrastructure such as  roads, air and rail connectivity and incentives announced by the Punjab Government. Besides that World Bank study specially talked about the Integrated Check post at AttariCP  and Rs 21300 crore project Guru Gobind Singh Refinery at Bathinda, that  would change the face of Industry in the State.   

Mr Joshi said that in the past, investors were facing a big problem of electricity shortage, which is going to become the strength of the State as in next one year all three Thermal Plants would become operational. He said that ICP at Wagha Border would be a boon for trade in Punjab as it was a natural trade route to Central Asia from centuries. Mr Joshi said that keeping in view the large interests of traders, Union Government should enhance the no of items to be exported via ICP from 137 to 6000 as in Mumbai port. 

The Minister further stated that, Punjab Government has set an investment target of Rs 1 Lakh crore in the state and to meet this, he has already held series of meeting with giant industrialists at New Delhi. He said that due to the efforts of the SAD-BJP government many world class industrial houses like Videocon has announced to invest in Punjab. 

He said that to facilitate the investors, Punjab Government has sanctioned the establishment of Land Bank, so the land required for industry could be provided to investors in a hassle   free manner.   Besides that government has also made it mandatory to provide all kind of sanctions to investors within 30 days after the application through single window system.