Punjab and Haryana governments on Thursday invited corporates to make investments in their states saying that they have taken various measures to improve infrastructure as well as business environment.
At a CII event, ‘Invest North’, Punjab deputy CM Sukhbir Singh Badal said investors are kings and states are competing to attract investments by offering fiscal incentives and removing red-tapism.
“Investors have become the king. CM is running behind the investors,” Badal said, but cautioned that the “level of competition should not be (such) that states start bleeding”.
He said the state has made huge investments to improve infrastructure like providing power and roads in the last eight years, besides creating a separate department ‘Invest Punjab’, headed by a CEO, for clearing projects in 30 days.
Haryana chief minister Manohar Lal Khattar too enlisted steps which his state has taken to attract investments, including 24X7 power supply.
“Haryana has a locational advantage. Ample land banks are available for industries and power too. We are determined to ensure ease of doing business to increase competitiveness of industries. We are granting time bound approvals,” Khattar added.
Inviting investors, he said the state authority will “hand-hold” the industry and will provide a “hassle-free” environment. Khattar also informed that state would organise investorssummit next year in Gurgaon.
Khattar said that the Haryana government was committed to developing infrastructure of international standards and with this aim, the work on the 136-km Kundli-Manesar-Palwal expressway project that had been stalled for the past many years, had been restarted.
While work had already commenced on the PalwalManesar section, work on the Kundli-Manesar section would start soon, he said and added that this project would help in de-congestion of the national capital territory (NCT) as the traffic from the northern parts of the country destined to other regions would need not pass through NCT of Delhi.
“We would develop sector specific hubs along the KMP Expressway corridor," he added.