Punjab bets on digital approvals, incentives to attract investors at summit

The main focus at the two-day event will be on MSMEs, apart from agriculture and food processing, healthcare, manufacturing and light engineering, plastics and petrochemical, among others

From approving business proposals digitally to dedicated relationship managers, the Punjab government is making significant promises ahead of its upcoming Progressive Punjab Investors Summit.

The state government has announced 100 per cent reimbursement of net goods and services tax (GST) incentive for a period of 12 years subject to 125 per cent of fixed capital investment for five early-bird MSME units and five large units, which come into production.

As the state prepares to roll out the red carpet for investors from across the world for the 5th Progressive Punjab Investors Summit on Thursday, an online unified regulator and 40