To facilitate industrial growth in Punjab, Chief Minister Bhagwant Mann on Tuesday handed over green colour-coded stamp paper to two industrialists of the state.
Handing over the stamp papers, Mann said that this was a red letter day for the state’s industrialists. “This unique colour-coded stamp paper is a step forward towards ushering a new era of Industrial Revolution in the state,” he said, adding that the notification for this scheme was issued on May 12 this year.
Mann said that Punjab is the first state to introduce green colored stamp papers to facilitate the entrepreneurs for setting up their units thereby giving much-needed fillip to industrial growth of the state.
Describing it as a revolutionary step aimed at promoting ease of doing business for the entrepreneurs desirous of setting up their units in the state, Mann said that any industrialist who is keen on setting his industrial unit in the state can get this unique colour-coded stamp paper from Invest Punjab Portal.
Mann said that the industrialists will have to just pay various fees required for getting clearances in form of CLU, forest, pollution, fire and other to set up his unit while purchasing this single stamp paper only.
“After purchasing the stamp paper, these two industrialists have got all the necessary clearances from all the departments within 17 days to set up their units. This, first-of-its-kind initiative by the State Government, will give a major fillip to the industry in Punjab. This will facilitate the industrialists in a big way by saving their time, money, and energy,” he said.
The Chief Minister said that green color stamp paper will symbolize that the industrialist has already paid the entire fee for the clearances required for industry. “The same color coding will also be implemented in other sectors, like housing, to ensure optimum utilization of the land resources on one hand and facilitating the people on the other. This out of the box idea will emerge Punjab as a front runner state across the country in the industrial sector,” he said, adding that the day is not far when other states will also replicate Punjab Government’s this industrial-friendly initiative.