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INVESTMENT PROMOTION

Successful organization of two Progressive Punjab Summits reflects how focused Sukhbir Singh Badal has been while handling the Investment Promotion Ministry.

The objective of this ministry has been outlined as to interact with industry at the national and international level to; promote investment in Punjab, to follow up investment proposals in the Departments of the Union and State Governments, to follow up and monitor any other matters of Punjab pending in any ministry or department of the Union and State Government and to coordinate with the Department of Industry and other concerned departments for organizing trade fairs, road shows, seminars and conferences for investment promotion.

With the formation of first-of-its-kind Punjab Bureau of Investment Promotion (PBIP) providing one stop clearance mechanism, the state has been able to garner an investment worth Rs. 15,000 crore in a short span of one year.

It is worth mentioning that this investment excludes those in telecom, real estate and healthcare sectors. If investments in the above three sectors were also to be included then the state’s investment figure would touch Rs. 50,000 crore.