To promote Punjab as a preferred investment destination and woo global and national investments into the State ahead of the scheduled Progressive Punjab Investors’ Summit on February 23-24 next year, a delegation from Invest Punjab (Punjab Bureau of Investment Promotion), led by its CEO Kamal Kishor Yadav had embarked on a series of engagements in Bengaluru.
Notably, the Invest Punjab was invited by firms like TATA Hitachi, Volvo India, HAL, Kurl-on, Manipal Global Education, IN-SPACe (Arm of ISRO), Decathlon India, Narayana Health to name a few among other major organizations based in Bengaluru.
During the multiple one-on-one interactions with industry at their respective premises, discussions were held with various industry leaders across the sectors — ranging from potential investments to skill development to creating infrastructure for industry to marketing or positioning of the State to differentiate Punjab from other states of the country. The Manipal Group president Gopal Devanahalli expressed the desire to help the State in the skilling of youth to make them industry ready. Devanahalli also emphasized that Manipal Group would always be interested in investing in health and education sector-based start-ups from Punjab to boost the state’s start-up economy.
IN-SPACe (Space promotion arm of ISRO) also expressed its desire for helping Punjab based start-ups in the space sector by mentoring them. The Punjab Government delegation also explored possibilities of potential collaboration with IN-SPACe in setting up of a space park in the State.
Devi Shetty of Narayana Health and Invest Punjab delegation discussed in length about how Punjab is a hub of Medical Tourism for the nearby states. The delegation also explored possibilities of capital investments from Narayana Health in Punjab.
Decathlon group held detailed discussions on the Sports Goods manufacturing ecosystem in the state with the delegation. Yadav said that the incentives and other non-fiscal benefits offered by the State make Punjab an ideal destination for industry like Decathlon to produce sports goods in Punjab.
Kurl-on India CEO Jyothi Pradhan highlighted the market potential of home comfort and furnishing segment in India and discussed about the potential expansion of manufacturing operations in Punjab.