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19/11/2019 02:25pm

Punjab Investors' Summit will focus on MSMEs

image Punjab Investors' Summit will focus on MSMEs

Chandigarh, Nov 19 (KNN) The Progressive Punjab Investors Summit 2019 will focus on the Micro, Small and Medium Enterprises (MSMEs) sector of Punjab and on companies from the United Arab Emirates (UAE) and Japan.

Reportedly, the summit is to be held in Mohali on December 5 and 6. Punjab is home to over 2 lakh MSMEs and has been divided into sector-focused clusters.

According to state government, Lulu Group, Emaar and Sharaf Group, along with other UAE-based firms, are looking to increase investment in the state.

Additional chief secretary, Vini Mahajan said economic ties between the UAE and India have proven to be strategic for Punjab. Building on this exchange of dialogue, many leading business groups from UAE have visited Punjab and identified business and trade opportunities. 

The Punjab government is in talks with Japan to identify new collaborations building on the strong ties that already exist between both parties.

The summit will focus on the strength of complementary focus sectors of Punjab and Japan, opportunities for collaboration between Punjab and Japan which can be explored by the industry based in Punjab, and new initiatives in the pipeline and how those will support industrial and investment climate in the state.

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