Sukhbir woos investors with 'cheapest power' offer

  • HT Correspondent, Hindustan Times, Chandigarh
  • Updated: Sep 09, 2015 10:59 IST

Punjab deputy chief minister Sukhbir Singh Badal on Friday announced that the state would offer the cheapest power rate in the country of less than `5 per unit to all new investors in the state.

Addressing the 4th western regional council meeting of Confederation of Indian Industry (CII) at Pune, the deputy chief minister said the state would soon be coming out with a policy in this regard after taking it up at the cabinet meeting, a government spokesman said.
Sukhbir told a large number of investors at the conclave that there was a huge scope of investment across Punjab as all its 180 towns would be having adequate civic amenities.

Following a demand from the prospective IT investors, Sukhbir disclosed that besides creation of an IT city in Mohali with Infosys as the anchor unit, the state would offer similar infrastructure in tier-2 cities. "We have land banks and pre-cleared sites which are available for the possession immediately," he added.

The deputy CM further briefed the investors about the state government's 'Invest Punjab' initiative that, he said, was a single-office channel for entrepreneurs keen on setting up units in the state. "This concept of one office and a single dealing man to facilitate the investors for all clearances," he added. "We have been able to attract 200 companies with an investment of $3 billion due to this bold move," he stated.

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