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Investors make beeline for Punjab; state may attract upto Rs 1 lakh cr this fiscal

Punjab CM Amarinder Singh’s outreach to meet investors and business leaders in Mumbai seems to have bode well with India Inc. Sources close to the Punjab CM told Newsd that every top corporate honcho who met Capt Singh evinced interest in the impending growth story of the state. “Of them, many leading houses expressed immediate interest in investing in the state. We are expecting at least Rs 1 lakh cr to be infused in the state across sectors such as infrastructure, manufacturing, agriculture, retail and IT in the current fiscal itself,” a senior Punjab government official told Newsd.

Capt Singh’s focus, however, is not just on big financial numbers. “Capital investment is a small aspect. We are focusing more on the creation of jobs,” the government official quoted above said.

Interestingly, the state government is planning to come up with a new industrial policy, which will offer incentives to companies based on the number of local jobs created.Capt Singh’s ongoing Mumbai roadshow is part of the Invest Punjab project, which has a focused endeavour to acknowledge Punjab’s inclusive, equitable and sustainable growth aided by the participation of private sector investors.

 

Capt Singh’s ongoing Mumbai roadshow is part of the Invest Punjab project, which has a focused endeavour to acknowledge Punjab’s inclusive, equitable and sustainable growth aided by the participation of private sector investors.

 

Some top corporate leaders Capt Singh has met as part of the drive include RIL chairman Mukesh Ambani, Reliance-ADAG chairman Anil Ambani, ICICI Bank CEO and MD Chanda Kochhar, Goldman Sachs chairman Sonjoy Chatterjee, Godrej group chairman Adi Godrej, RPG Group chairman Harsh Goenka, HUL CEO Sanjiv Mehta, Mahindra  group CMD Anand Mahindra and KPMG India head Arun Kumar.

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