The Punjab government on Sunday showcased its plans to develop area-specific industrial clusters in the state, seeking investment from entrepreneurs, including those in the infrastructure sector, at the Confederation of Indian Industry (CII) conclave held in New Delhi.
Presiding over a special state session, 'Investment opportunities in Punjab', at the Invest North Conclave of the CII, deputy chief minister Sukhbir Badal said the state's new industrial promotion policy was expected to be out by January 2013.
The unique initiatives undertaken by the state, he said, were developing world-class infrastructure in the form of surplus power and "best air connectivity and road network" in the country to make Punjab the hub of investment in the north.
He said Punjab had implemented governance reforms, simplifying procedures for different clearances needed by investors in the state through the single-window system.
He said the state government was fully committed to attracting at least Rs 1 lakh crore investment in the coming four years, highlighting textile, agro processing, information technology, petrochemicals and downstream industry of refinery, automobile, sugar, hand tools, sports goods, hosiery/garments/knitting, road and infrastructure, education, medical tourism, real estate, entertainment, pharmaceuticals and metal as the target sectors.