With the big idea of getting investments in Punjab, the State Government would organise a two-day “Progressive Punjab-Global Investment Summit” on December 9 and 10 at Mohali to showcase the investment opportunities especially in IT and Electronics.
Addressing a Press conference here, Punjab Deputy Chief Minister Sukhbir Singh Badal said the heads of top business houses, CEOs of noted companies from within and outside India are expected to participate in the summit.
Badal said that investment opportunities and offers from the State would be unveiled during the two-day summit. Explaining the concept behind the investment exercise being undertaken by the State, he said that Punjab was offering a number of attractive packages and incentives to the upcoming investors in the State.
“The State has formulating programmes and policies with a view to wooing the established industrial houses in India as well as in foreign countries to invest in the State. The State has now reached at a level where it can showcase itself with pride having top class infrastructure, highest road density in the country, five operational and upcoming airports and sufficient power and adequate land bank was available in Punjab,” added the Deputy Chief Minister.
Referring to his recent trip to Bangalore, Badal said that a lot of enthusiasm was shown by major companies like Infosys – the largest IT Company of the country and Biocon-pharmaceutical have also expressed their keen desire to setup their units in Punjab. Tata Group headed by Cyrus Mistry is also visiting Amritsar on Saturday to work out the modalities in setting up of the new ventures in the State, he said.
The Deputy CM said a high-level delegation headed by the Chief Secretary would visit Taiwan to further strengthening the business ties between the two. He said that Taiwanese delegation had visited Punjab recently and appreciated Punjab’s huge potential, specifically, in agro sector, IT sector and agreed that both India and Taiwan can join hands in the field of IT/software, hardware, electronics, automotive components, food processing, agri-technology and education to build international brands.
Asked about the Bathinda refinery, Badal said that laxami Mittal has recently expressed satisfaction over the progress and more small industries would also be set up based on by-products of the refinery in Bathinda. Mohali and Amritsar would be set up as IT hubs where giant Tata Consultancy Services (TCS) and other MNCs would set up their IT centres leading to employment generation for 50,000 people, he added.