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Punjab to continue concessions to mega projects

In an attempt to woo foreign investors, the Punjab government continues to offer concessions to mega projects, reports Nitin Jain.

india Updated: Jun 01, 2007 22:32 IST
Nitin Jain

The SAD-BJP combine government would continue the concessions offered to the mega projects under the industrial policy framed by the previous Congress government and no mega project conceived during the previous regime would be disbanded.

Announcing this while dispelling the misconceptions and fears in the minds of the prospective investors, Punjab Chief Minister Parkash Singh Badal even offered more concessions and facilities to attract the foreign investment in Punjab.

Toeing a different line, Badal said all round development could not be possible only on the basis of agriculture. "Contrary to our 70 per cent dependence on agriculture, the foreign countries are not having more than 5 per cent agriculture sector, following which they surpassed us in development and overall growth," reasoned he.

"Saadi dharti khetibadi da hor bojh sahar nahi sakdi, jis karke saanu hun badalwen parbandh karne painge," felt the CM.

Expressing commitment to encourage industrialisation in a big way, as the agricultural profession was no more profitable due to the diminishing returns on produce as compared to high cost of agricultural inputs; Badal said his visit to Emaar-MGF's project site was aimed at belying the propaganda of the Congress that SAD-BJP combine would scrap the entire mega projects.

Assuring no political consideration to the projects, he clarified that all the mega projects within the parameters of laid down industrial policy would be permitted to go stream whereas those that had some technical problems could be rectified at the level of the state government.

Badal made it crystal clear that the state government would create an investor-friendly climate to woo the investors not only from the country but abroad also.

Responding to the demand of better roads raised by Emaar-MGF, the CM quipped, "Mere walon taan tusi sare Punjab de vikas da dheka hi lai lavo ate apni marji naal sadka ki sab kuch banao".

Assuring complete cooperation, Badal offered the big realtors to call him personally over phone in case of even a small problem.

Endorsing Badal's statement, the Co-operation Minister Capt Kanwaljit Singh said the SAD-BJP government has infused a sense of confidence and security amongst the entrepreneurs and Punjab would soon herald an industrial revolution.