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Punjab to develop area specific industrial clusters: Sukhbir

Posted on Nov 04, 04:43PM | UNI

Punjab Deputy Chief Minister Sukhbir Singh Badal today said the state was all set to develop area specific industrial clusters to develop industry according to the strengths of that specific region.

Presiding over a special state session 'Investment opportunities in Punjab' during the Invest North Conclave organised by CII here, Mr Badal threw the ball in the courts of investors by showcasing the unique initiatives of the state government, right from developing world class infrastructure in the form of surplus power, best air connectivity in the country and road network.

Besides, he also explained governance reforms like getting rid of outdated laws making interaction of public with government officers a pleasant experience.

He said the Punjab government was fully committed to attracting at least Rs 1 lakh crore investment in the state in coming four years and the major investment sectors would be textile, agro processing, information technology, petrochemicals and downstream industry of refinery, automobile, sugar, hand tools, sports goods, hosiery/garments/knitting, road and infrastructure, education, medical tourism, real estate, entertainment, pharmaceuticals and metal and alloy products.

He said these industries to be promoted in specific areas after considering the local advantages.

Mr Badal informed that final touches were being given to the state's new industrial promotion policy and expected that it would be announced by the January 2013.

He said the unique aspect of this proposed policy was that it was being framed after getting the vital inputs from different industrial representatives besides a core advisory group comprising of 17 eminent industrialists of the state.