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Punjab govt seeks knowledge partner to promote investment

Updated: Jun 18, 2013 02:44:07pm
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Chandigarh, Jun 18 (KNN)  To enhance investment opportunities in the state, the Punjab government is keen to engage a knowledge partner in order to make the state one of the most favoured investor friendly  zones in the country.

The State aims to provide a strong policy regime to attract investments and ensure their aftercare for which it has planned an investment promotion campaign.

Further, it plans to organise road-shows, mega events and conferences both at national and international level to promote investments in sectors such as manufacturing, infrastructure, IT/ITeS, food processing, auto components and other mega projects in the private sector. 

Also in the pipeline are plans for awareness building programmes to inform existing and prospective entrepreneurs about current incentives and facilities being offered by the Government of Punjab to facilitate investment.

To facilitate investment promotion of Punjab, the Punjab Information and Communication Technology Corporation Limited (PICTC) would like to engage a Knowledge Partner who will coordinate with various departments and stake holders including tourism, health, power, local government, housing and urban development, forest, labour and factories, technical education, industries and commerce, revenue, excise and taxation etc.

PICTCL has invited bids from consultants to be its knowledge partner to carry out the services of team leader, investment promotion expert, policy expert, regulatory environment expert and industry related sector specific experts.

The consultant would also organize a Punjab Investors’ summit in 2013 and 2014.

Punjab Infotech was incorporated in 1976 as the nodal agency of the Government of Punjab for the promotion of IT industry in the state.  Punjab Infotech is actively engaged in promoting the state as one of the most favoured investor friendly IT/Knowledge Industry IT units refer to companies in the IT hardware, IT software and other Knowledge Industry units such as Biotechnology, Nanotechnology, and Telecommunications etc. IT software industry includes IT software, IT services and IT Enabled Services.

The state has witnessed a considerable increase in the number of industrial clusters and hubs and Public private partnerships (PPP) have been encouraged in the sector. It offers a wide range of subsidies, fiscal and policy incentives as well as assistance for businesses under the recently announced Industrial Policy 2013. Additionally, the state has sector-specific policies for textiles, IT and agro-based industries.

To promote, publicize the new policies and to provide the employment to its broad human resource base, the state intends to chart out a vigorous Investment promotion program. With this it wants to do overall private sector development in 68the state along with improving business regulatory environment, enhancing ease of doing business, approach national and global potential investors and to attract the capital for rapid industrialization.  (KNN)

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