Wednesday 30 April 2014

Sukhbir Singh Badal - Trade and industry in Punjab

Any country or state always wanted to flourish and go beyond the limit of its development for this all they need is to enhance trade and industry. Punjab is one among fortunate states in India who’s trade and industry is growing and many top known industrialist/businessmen and NRI’s showing their keen interest in investing in Punjab. Reserve Bank of India declared Punjab as third best state in the country for investment.
Progressive Punjab Investors Summit

- We organized one of the largest Investment Summits of the country in Punjab - National and International captains of industry signed 117 memorandum of commitment to invest Rs. 65000 Crores in Punjab at the Progressive Punjab Investors Summit.
- The maiden Punjab Progressive Investors Summit was successfully held in December,2013 & next Investors Summit is scheduled to be held at Ludhiana in 2014
- Punjab Bureau of Investment Promotion Setup
- For single stop clearance and quick facilitation for entrepreneurs and industrialists, Punjab
- Bureau of Investment Promotion has been set up.

 Sukhbir Singh Badal Launched Rahat Scheme

- Freedom from Inspector Raj
- No need to maintain Accounts
- Fire insurance cover up to Rs. 5 lacs
- Health cover up to Rs. 50,000
- Accidental death and disability cover Rs. 2 lacs

New Industrial Policy

- Punjab implemented new Industrial Policy-2013 to become the number one state in investment.
- From January 2014, Single Stage Taxation and VD Scheme launched.
- 100 percent online filling of Returns and online payment of taxes through banks was initiated.

Steps towards the Industrial Growth of Punjab

- 102 Mega Projects approved with investment of Rs. 53192.07 crore.
- Software of Rs. 1771.65 Crore imported during financial year 2012-13.
- 171 Software Export Units ready at SAS Nagar under Software Technology Park of India Scheme.
- Rs. 408 Crore Capital Subsidy distributed to industrialists.
- Common Industrial Mixed Land Use established at Jhal Thikriwala in Kapurthala District.
- Northern India institute of Fashion Technology tied up with Punjab Technical University, Jalandhar

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