Advertisement
Wednesday, Dec 08, 2021
Outlook.com
Outlook.com

Grievances Of Industry In Punjab Will Be Resolved On A Priority Basis: Channi

In the past four-and-a-half years, national and international firms have made investments worth Rs 99,000 crore in Punjab, he says.

Grievances Of Industry In Punjab Will Be Resolved On A Priority Basis: Channi
Punjab chief minister Charanjit Singh Channi | File Photo-PTI
Grievances Of Industry In Punjab Will Be Resolved On A Priority Basis: Channi
outlookindia.com
2021-10-24T22:01:01+05:30

Punjab Chief Minister Charanjit Singh Channi has said that “low business sentiments will be revamped through new investment, but the top priority is to resolve the grievances of the state’s existing industry.” 

Talking to Outlook, Channi said his government is organising a two-day Invest Punjab Summit on October 26 and 27. On first day of the investors’ virtual meet, global captains of industries would participate. On the second day at Ludhiana, the government will interact with MSMEs and try to resolve their concern in a special cabinet meeting immediately after the session.  

Channi said that in the past four-and-a-half years, investors from across the globe as well as those from different regions in the country have shown their confidence in Punjab, resulting in investments worth Rs 99,000 crore in various sectors. 

The sectors that attracted investment include bicycle, agri & food processing, logistics, pharmaceuticals, chemicals, textiles, alloy and steel, engineering, auto components, new and renewable sources of energy, IT services, education, real estate and infrastructure. 

The investments are pouring in, CM Channi said, from firms based in countries like the US, UK, UAE, Denmark, Germany, France, Spain, Italy, Japan, South Korea, New Zealand and Singapore.

He said that Punjab has not only witnessed global firms investing in the state for the first time but also expansion of operations by existing players. “The investors’ confidence in the growth story of Punjab, even in the times of the Covid-19 crisis, is a testimony to the state’s strong infrastructural and policy framework,” he said.

The state government, Channi said, has made consistent efforts in the last four-and-a-half to develop an ecosystem where both domestic and global businesses can thrive. He added that it was encouraging to see it bearing results, with global investments pouring in from 10 foreign companies even in FY 2020-21.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Aung San Suu Kyi Verdict 'Disturbing' But Will It Change India's Equation With Myanmar?

Aung San Suu Kyi Verdict 'Disturbing' But Will It Change India's Equation With Myanmar?

While India has time and again appealed for rapprochement between the democratic forces and the military, it has continued to engage with the junta in Myanmar.

Church In India Cosying Up To BJP To Protect Its Interests

Church In India Cosying Up To BJP To Protect Its Interests

What has led to this change of heart over the past few years for the Church, long seen to be anathemic to the Sangh Parivar?

Ashes, 1st Test, Day 1 LIVE: ENG 147 All Out; Rain Delays Start Of AUS Innings

Ashes, 1st Test, Day 1 LIVE: ENG 147 All Out; Rain Delays Start Of AUS Innings

England have not won a Test match in Brisbane since 1986-87. Can Australia protect that record this time in the Ashes? Follow live.

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Has the AFSPA become an ideological Act, a tool to revise Kashmir history? Many analysts believe so.

Advertisement