HindustanTimes Mon,22 Dec 2014

Amritsar, Mohali set to emerge as IT hubs

HT Correspondent, Hindustan Times  Chandigarh, November 30, 2013
First Published: 18:56 IST(30/11/2013) | Last Updated: 18:58 IST(30/11/2013)

Punjab deputy chief minister Sukhbir Singh Badal on Saturday said that about 400 industrialists from within and outside India and over 30 international companies would take part in the two-day Progressive Punjab Investors Summit beginning December 9 at Indian School of Business (ISB) campus, Mohali.


Addressing mediapersons here, Sukhbir, accompanied by industry minister Madan Mohan Mittal, said the new industrial policy would be notified on December 5 and claimed that the IT sector would generate 1 lakh jobs to Punjabis in the next three years.

"Amritsar and Mohali are set to emerge as IT hubs, which would provide more than one lakh jobs to the Punjabis in the next three years. And all the MoUs to be signed during the summit would be implemented within six months," he said.

The deputy CM said that during domestic and international investor meets held in Bengaluru, Taiwan and Mumbai, top IT, infrastructure, food processing, biosciences and health care companies had expressed their keen desire to invest in Punjab.

The two-day summit will be inaugurated by chief minister Parkash Singh Badal. Special sessions on bioscience and health services, infrastructure, real estate and renewable energy, and business opportunities with other countries will be the highlights of the summit.

Industrial giants such as Mukesh Ambani, chairman and MD of Reliance Industries; LN Mittal, chairman and CEO, Arcelor-Mittal; AM Naik, executive chairman of L&T; YC Deveshwar, chairman, ITC;  Malvinder Singh, executive chairman of Fortis Healthcare Limited; Kiran Mazumdar Shaw, chairman & MD of Biocon Limited; SP Oswal, chairman and MD of Vardhman group; Sunil Kant Munjal, joint MD of Hero MotoCorp; Ravi Kant, vice-chairman of Tata Motors; Arun Sawhney, CEO and MD of Ranbaxy; and Manmohan Shetty, Promoter, Adlabs, have given their consent to take part in the investors' meet.

Talking about the target sectors for investment during the meet, Sukhbir said housing, infrastructure and renewable energy, biosciences and health care, information technology, agro and food processing, textiles and skill development areas were on the priority list of the Punjab government.

He said the investor meet was not a political gimmick but a reality to showcase the facts and overall development of the state.

To facilitate doing business in Punjab, he said the Punjab Bureau of Investment Promotion (PBIP), a single point of contact for investors to provide all essential clearances, had been set up. Earlier, new industrial policy, food processing policy and new traders' policy were also implemented with the same aim. In another proactive step, senior government officials have also been deputed as relationship managers to facilitate corporate houses.

Prominent among those present on the occasion included finance minister Parminder Singh Dhindsa, revenue minister Bikram Singh Majithia, tourism minister Sarwan Singh Phillaur and PWD minister Sharanjit Singh Dhillon.


New industrial policy to be notified on Dec 5
IT sector to generate 1 lakh jobs to Punjabis in next 3 years
All MoUs to be signed during the summit to be implemented in 6 months
Meet will feature special sessions on bioscience and health services, infrastructure, real estate and renewable energy, and business opportunities with other countries
Top industrialists to take part

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