BENGALURU: Punjab Chief Minister Bhagwant Singh Mann on Tuesday showcased the state as the most preferred investment destination and urged the captains of industry to invest in Punjab to give fillip to their business.
Interacting with the eminent industrialists here today, the Chief Minister extended a warm welcome to the distinguished personalities from the industrial sector in the capital city of the southern Indian state of Karnataka. He said that Bengaluru is known as the Information Technology Hub of India and the Silicon Valley of India. Extending an invitation to the entrepreneurs to invest in Punjab, Bhagwant Singh Mann said that the sacred land is blessed by great Gurus, saints, and martyrs adding that it has a rich cultural heritage.
The Chief Minister further said that bravery, hard work, and an enterprising spirit are embedded in every grain of Punjab’s soil. He said that Punjab has long played a crucial role in defending the nation’s borders as well as ensuring the country’s food security. Bhagwant Singh Mann said that for these reasons, Punjab is often called the Food Bowl and Sword Arm of India.
The Chief Minister said that the industrious people of Punjab are known for their dedication and perseverance, making the state’s bond with industry and enterprise exceptionally strong. He said that Punjab is steadily ascending the ladder of industrial growth and investment is being drawn to the state due to industry-friendly policies, transparent governance, and a conducive business environment. Bhagwant Singh Mann said that it is indeed heartening that Punjab’s atmosphere of harmony, peace, and goodwill has greatly boosted industrial investment.
The Chief Minister said that since March 2022, Punjab has received investment proposals worth Rs 1.23 lakh crore, which will generate employment for around 4.7 lakh youth. He said that sectors such as food processing, textiles, auto components, hand tools, bicycles, IT, and tourism are positioning Punjab as a role model for other states. Bhagwant Singh Mann further said that it is also a matter of great pride that Punjab has become home to leading global companies like Nestlé, Claas, Freudenberg, Cargill, Verbio, Danone and others all of which have set up units here.
The Chief Minister said that he was delighted to share that Tata’s second-largest steel plant in India, after Jamshedpur, is coming up in Ludhiana. He said that Ludhiana, known globally as an industrial hub, plays a vital role in the state’s economy and is rightly considered the Commercial Capital of Punjab. Bhagwant Singh Mann said that Punjab continues to attract investments from developed nations such as Japan, the USA, Germany, the UK, the UAE, Switzerland, France, and Spain.