In a bid to make Punjab the hub of Industries, the State Government would soon announce the New Industrial Policy. Industry and Commerce Minister Madan Mohan Mittal said Punjab’s existing policy had received a huge response from the industry sector.
“Punjab Government would provide various tax incentives and exemption in electricity duty, stamp duty and property tax to attract new industries in the State,” he said.
Mittal said that Punjab Government was trying to attract industry and approaching various top industrial houses of country. A delegation in the leadership of deputy Chief Minister Sukhbir Singh Badal recently visited various locations like Bengaluru and Mumbai to persuade the industrial houses.
The Minister said that Korean Companies were also showing keen interest to investment in Punjab as Reserve Bank of India has declared Punjab the 3rd best investment destination in the country.
He said that in the first Progressive Punjab Global Investor’s Summit 2013 which would be held at Mohali on December 9th and 10th this year, Punjab would showcase its strength which makes it one of the most favored destinations in the Country. Mittal said that top industrial houses have given their consent to participate in the Investor’s Summit 2013.