MOHALI: Punjab Chief Minister Bhagwant Singh Mann on Tuesday unveiled 12 new initiatives to revolutionize industrial growth in the state thereby launching a new era of growth and prosperity for Punjab’s industry under Punjab Udyog Kranti. Former Delhi CM Arvind Kejriwal was also present.
Divulging more details, the Chief Minister said that a set of 12 initiatives will revolutionize how industry in Punjab operates, how industry interacts with the Government and how industry can unlock value of its land and become more competitive nationally as well as globally. He said that firstly the state government will ensure deemed approval system in 45 days for all the applications thereby stipulating that all approvals and clearances for setting up a business or expanding an existing business will be issued in maximum of 45 working days, addressing one of the biggest concerns of investors - delay and uncertainty.
Chief Minister said that upon applying for a new business, within seven days the state government will review the application online and inform the applicant about deficiency, if any, the removal of which will ensure they get all approvals within the remaining 45 days.
Additionally, he said that a Deemed Approval system has also been enabled and if no decision is taken by the designated authority within the notified timeline, the Fast-track Punjab portal will automatically generate an approval the next day, which holds the same legal validity as a regular clearance.
Secondly, the Chief Minister said that Fast-track Punjab portal has been launched as a Single-window for all approvals. He said that though previous governments in Punjab had claimed to start a single window system but all of them had proved a sham.
Chief Minister said that these approvals will be valid for 3.5 years in which time industry has to take requisite approvals adding that this will benefit approximately 95% of project proposals in Punjab, including industry, IT units, hospitals, hotels, and educational institutions (excluding infrastructure projects, real estate and housing projects). He said that the state government will bring an amendment to the Right to Business Act in the next assembly session to implement these provisions.
Chief Minister said that out of the 12 initiatives, four initiatives are related to providing transparency in land ownership and unlocking the value of industrial land for the investors. He said that this recognizes that land is scarce and precious in Punjab and if land value can be unlocked, it significantly impacts the competitiveness of businesses in Punjab.
The Chief Guest said that the state government is clearing all the backlog of incentives to be paid to investors adding that Rs 150 Crore has already been disbursed since April 2025 and by end of this month, a total of Rs 250 Cr will be disbursed, which will be a record in Punjab’s history. He said that to ensure that land doesn’t become a constraint for new investors, Punjab has opened up 260 industrial plots for auction across all PSIEC Focal Points adding that this landmark step addresses long-pending industry demand for industrial plots, and will give fresh momentum to catalyze project grounding and new investments across the state.