Have created conducive space for industrial houses: Pb govt

Image
Press Trust of India Patiala
Last Updated : Oct 25 2013 | 6:17 PM IST
Punjab government has created a conducive atmosphere for investment in the state and big industrial and business houses have shown a keen interest to have a presence in the state, Finance Minister Parminder Singh Dhindsa said here today.
Talking to reporters on the sidelines of the first South Asian history conference at Punjabi University here, Dhindsa said that Punjab was gearing up for the Dec. 9-10 Investment Promotion Summit (IPS) in the state.
"We would showcase our new innovative industry policy (at the meet) and, moreover, Punjab will be a power surplus state in the coming years," he said.
A recent tour by Punjab Deputy Chief Minister Sukhbir Singh Badal to Mumbai was successful in that several major corporate houses had evinced an interest in investing in the state.
"The SAD-BJP government has created a conducive space for industrial houses in the state," he said.
He, however, said it was difficult to forecast how much investment would come to Punjab during the investment summit.
Asked whether the investment summit would be on the lines of the 'Vibrant Gujarat' meet organised by BJP Chief Minister Narendra Modi's government, Dhindsa said theirs would showcase a different concept although he admitted that "the idea will be the same".
Meanwhile, reacting to reports that capital was moving out of Punjab, as is being alleged by opposition parties, Dhindsa charged that state Congress unit chief Partap Singh Bajwa was spreading false stories in that regard.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 25 2013 | 6:17 PM IST

Next Story