Punjab government has decided to create a suitable land bank of at least of 3000 acres on Chandigarh-Ambala National Highway with a view to cater the needs of investors for setting up of new ventures.
Deputy Chief Minister Sukhbir Badal on Tuesday asked the State Chief Secretary Sarvesh Kaushal to create a land bank near Dera Bassi with inbuilt four-six lane roads along with other basic amenities. Reviewing the status of incoming projects to the State and functioning of Punjab Investment Promotion Board, Sukhbir said that the State would also create adequate land banks in different areas of the State to facilitate investors for setting up of new ventures.
Focusing on the new areas of investment, Sukhbir said that Punjab would concentrate on seven areas — including Garment Exporting, Electronics Hardware, Bio Sciences, Food Processing, IT, Pharma and Auto Parts or Automobile — and take investment promotion in these areas as a mission.“Hubs in these areas would be developed in New Chandigarh, Mohali, and at few other places,” he said adding that he would personally visit the top players of these sectors to convince them for invest in Punjab considering the plethora of incentives, facilities and dedicated teams for cooperation and liaison available.
Sukhbir said that Punjab was contemplating to create a cluster related to garments at ludhiana, which would generate opportunities of employment pushing State forward in this area. Besides, a Regional Offices for Investment Promotion, to make the provision of services easier, is also on the cards. “The new offices may be introduced at Amritsar, Jalandhar, ludhiana and Bathinda,” he said.