Investors' summit to boot Punjab economy: Sukhbir | punjab | Hindustan Times
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Investors' summit to boot Punjab economy: Sukhbir

punjab Updated: Dec 06, 2013 22:24 IST
HT Correspondent

Punjab deputy chief minister Sukhbir Singh Badal is optimistic that the upcoming Progressive Punjab Investor Summit will have tremendous impact on the state's economy, as it will go a long way in attracting fresh investments from leading industrial houses of the country.

The summit would be made an annual feature, he said.

Addressing mediapersons after laying the foundation stone of the Amritsar Press Club on Friday, Sukhbir said the investors' summit would play a proactive role in boosting the state's economy, as more than 30 big companies from abroad had already sent their proposals to sign memorandum of understandings (MOUs) with the Punjab government during the meet.

These MoUs would bring in an estimated Rs 50,000 crore investments to the state, he added.
Sukhbir further said the signed proposals would be implemented in the next six months.
Considering the strength of the state in infrastructure, geographical location, he said, the government had identified some preferred areas like housing, infrastructure, renewable energy, bioscience, health care, information technology, agro and food processing and textiles sectors for investment.

He claimed that big guns of industries like Mukesh Ambani, LN Mittal, AM Naik, Malvinder Singh, Kiran Mazumdar Shaw and Sunil Kant Munjal would be coming to the investors' meet.

Replying to a query on the property tax, he said the Congress-led United Progressive Alliance (UPA) government had forced the state to impose the tax, as they had stopped all grants to be released under the Jawaharlal Nehru Urban Renewal Mission (JNURM).

Referring to all-round development of Amritsar, Sukhbir said: "We are already preparing a master plan for the city, which I am personally looking into."

Considering the religious, cultural and historical importance of the city, Amritsar will bear a new look in the next two years, he said, as it has a great potential to emerge strongly on the tourism and IT map of the country.

Meanwhile, in the presence of Punjab public relations and revenue minister Bikram Singh Majithia, the deputy cm announced that the government had decided to set up press clubs in all major cities across Punjab and the budgetary provision was already made for the purpose. In the series, the Amritsar Press Club would be first to come up.

Cong on the way out

Addressing a rally at Majitha earlier, the deputy cm said: "For the Congress, the worst is yet to come, when it will be voted out from the country. The assembly polls in the five states were only the semi-finals that it already had lost."

Badal on foundation stone laying spree

With an objective to give a facelift to Amritsar, the deputy CM unveiled various projects that would be come up at an estimated cost of Rs 365 crore.
·Four-lanning of Amritsar-Majitha- Fathegarh Churian road, Bye Pass Chowk to Majitha -Rs 81.33 crore
·Four-lanning of service lane of the ASR-Tarn Taran-Sarhali-Harike road railway crossing to Guruwali - Rs 11.74 crore
·Construction of 1,328 flats under the BSUP Scheme -Rs 58.20 crore
·Beautification and improvement of Chowk Gurudwara Shaheedan - Rs 2.66 crore.
·Multi-storey parking under Durgiana Mandir beautification scheme - Rs 20.22 crore.
·Development of GT Road from Bhandari Bridge to GNDU - Rs 48.04 crore.
·Widening and strengthening of Circular Road up to Kitchlu Chowk - Rs 16.24 crore.
·Construction of road from ESI Hospital to Ranjit Avenue - Rs 11.40 crore.