Punjab to hold investment summit

Punjab Deputy Chief Minister Sukhbir Singh Badal said he was getting queries from industrial houses, looking towards the new industrial policy of the state. The state would soon hold an investment summit and roadshows in different parts of the country. Badal said the industry department had identified 5,000 hectares for the industrial sector.

Badal was speaking on the sidelines, after announcing the new industrial policy. He was looking for investment in sunrise sectors like biosciences, consumer electronics, micro biotech, export promotion units, agro-based units and textile sector, that have a lot of employment potential.

He said that besides offering 24 hour power supply to IT industry, billing charges have also been relooked. Badal said that with the setting up of STPI node at Amritsar, the IT industry in the border sector would get a flip. He said that new industrial policy would be applicable to all new units and New Expansions in the existing units.

Sukbir added, "For the ease of doing business in the state, we will simplify procedures and document in order to ensure transparency in the system."

"We are also working so that the Industralist submit application online and approval to be accorded on line. Also, with the new system in place, self attersted document can be prefreed and third party certification of building plans, stability, safety etc. Besides that there would be payment gateway for online payments." Badal said that Punjab Pollution Control Board has already made the procedure online.