Investors keen to set up projects in Punjab: Sukhbir Badal

Punjab Deputy Chief Minister Sukhbir Singh Badal today said investors are keen on setting up projects in the state because it offers an "ease of doing business and a peaceful environment".
Badal today handed over letters of allotment and pre-feasible clearances to paint manufacturing company Kansai Nerolac Paints and Indian Oil Corporation (IOC) for setting up their plants with a total investment of Rs 365 crore.
"The investment by two companies in Goindwal, just 60 kms from Indo-Pak border, is attestation of the peaceful environment in the state and showcased the investors' confidence in Punjab," Badal told reporters here today.

He said the globally-renowned World Trade Centre would also soon come up at Mohali with investment of Rs 110 crore for which the state government has already allotted the land.
The Deputy CM said pre-cleared sites were being offered for the first time ever to both Nerolac and IOC.
Badal said NOC as well as clearance from forest, powercom, pollution and industries department, besides Change of Land Use had also been given to both the companies.

"As far as we are concerned, both companies can start work as of today" he said, adding that investors showed keen interest in Punjab because of ease of doing business in the state.

For the first time, pre-cleared sites were being offered to investors by creating a land pool of 300 acres, Badal said.
He added that investors could also take advantage of industrial parks coming up in the state, including 400 acres park at Rajpura.
Kansai Nerolac Paints Limited has been allotted 35 acres of industrial land in Goindwal Industrial Complex for setting up water-based and powder coating paints with the project cost of around Rs 250 crore.
Likewise, the state government has also allotted 30 acres of land at Goindwal Industrial Complex to Indian Oil Corporation for setting up of bottling plant.

Answering a query, the Deputy Chief Minister said the international airport at Mohali would change the look and feel of industry in Punjab by joining the state globally.
"I rate the establishment of this airport as my second big achievement after making Punjab a power surplus state. Now, our thrust is to provide a world class road network in the state" he added.
Badal said with the formation of first-of-its-kind Punjab Bureau of Investment Promotion (PBIP) providing one stop clearance mechanism, the state had been able to garner an investment worth Rs 15,000 crore in a short span of one year.

This investment excludes those in telecom, real estate and healthcare sectors, he said, adding that if investment in these three sectors was also included then the state's investment figure would be around Rs 50,000 crore.