The Industrial Sector in the state had seen a massive Growth since the Congress government took over in March 2017. The new -friendly policies, initiated by the government which had promoted ease of business, had attracted investor confidence, he said, pointing out that despite the sluggishness in the economy due to the COVID crisis, the state had received a whopping 267 Investment proposals worth Rs 2,277 crore in May 2021.
The Chief Minister also appreciated the efforts of Punjab Bureau of Investment Promotion (PBIP) in initiating several path-breaking steps to ensure prompt clearances to prospective investors or entrepreneurs to set up their industrial units. The recent decision to set up the District Bureau of Industry and Investment Promotion (DBIIP) in each district would further promote Ease of Doing Business in the state. This will facilitate timely grant or issuance of clearances, approvals, or NOCs, applied through the Invest Punjab Business First portal, he added.
The state Principal Secretary (Investment Promotion) Alok Shekhar said that out of Rs 2,277 crore worth of proposals received in the month of May 2021, Rs 1,206 crore were related to key projects in Real Estate, Housing and Infrastructure, Tourism and Hospitality, Healthcare, Manufacturing and Agri, Food Processing and Beverages.