Chandigarh, Aug 30 (KNN) Making a strong call to entrepreneurs and industrialists in Punjab, State Finance Minister Manpreet Singh Badal asked them to make huge investments in the state as it has an investor friendly climate coupled with lucrative incentives and concessions.

While presiding over the session on Punjab industrial scenario during 8th Invest North organized by CII, Punjab here, Badal said “Punjab is swiftly emerging as the most favored investment destination not only amongst the entrepreneurs from the country but also from across the globe with several foreign delegations from Japan, China, UAE, Spain, Singapore etc. have evinced keen interest to invest in State.”

Highlighting few innovative steps taken by state government to boost industry, Badal said that ‘Invest Punjab-Business First Portal’ has been successfully launched, which facilitates in providing clearances for 46 regulatory services of 16 departments/agencies available on the portal for industry besides giving fiscal incentives to MSME and large units.

Calling upon the captains of Industry to invest in Punjab, the Finance Minister assured them of fulsome support and cooperation to put their ventures in the state as it was a land of enormous business opportunities.

Speaking on the occasion, Additional Chief Secretary Investment Promotion, Industries and Commerce Vini Mahajan outlined the broad contours of Punjab industrial and business policy, which is aimed at ensuring ease of doing business to the prospective entrepreneurs and industrialists.

The CEO Punjab Bureau of Investment Promotion Rajat Aggarwal made a detailed presentation on the overall industrial scenario in the state besides focusing on the prospects of emerging industrial sectors like information technology, agro & food processing, IT/Electronics System Design and Manufacturing, Auto & Auto components, textile and start-ups etc.

He also invited industrialists and entrepreneurs to participate in the Investor Summit being organized at Mohali on December 5 and 6, which would offer them a healthy platform to interact with the local industrialists about their investment plans in Punjab.