Mukesh Ambani to lead galaxy of investors

Updated on Oct 28, 2015 10:52 AM IST

The ‘think big, achieve big’ credo of deputy chief minister Sukhbir Singh Badal is likely to receive a major push with a galaxy of best known faces of India Inc set to attend the second edition of the ambitious Progressive Punjab Investors Summit beginning at SAS Nagar on Wednesday.

Chief minister Parkash Singh Badal greets chairman of GVK Power and Infrastructure GVK Reddy in Chandigarh on Tuesday.(HT photo)
Chief minister Parkash Singh Badal greets chairman of GVK Power and Infrastructure GVK Reddy in Chandigarh on Tuesday.(HT photo)
Hindustan Times | By, Chandigarh

The ‘think big, achieve big’ credo of deputy chief minister Sukhbir Singh Badal is likely to receive a major push with a galaxy of best known faces of India Inc set to attend the second edition of the ambitious Progressive Punjab Investors Summit beginning at SAS Nagar on Wednesday.

Leading the pack of future investors will be Mukesh Ambani, chairman, Reliance Industries, who will arrive on Wednesday. A battery of big-ticket investors, including from China, Poland and South Korea, arrived on Tuesday.

As 15 top guns of India Inc will be accommodated on the dais, the government will showcase their presence as “pro-Punjab sentiment” is prevailing among the investors.

Phil Shaw, CEO of Lockheed Martin India, a global security and aerospace company; Jerzy Witold Pietrewics, Poland’s deputy minister of economy, who is leading a five-member delegation; and Jiang Ping, secretary general of Shanghai Municipal Political and Law Commission; are among foreign investors who arrived on Tuesday.

Among other leading lights of business houses who will attend the inaugural session are Sunil Kant Munjal, joint managing director of Hero MotoCorp; YC Deveshwar, chairman, ITC: Dilip S Shanghvi, chairman and MD, Sun Pharmaceuticals Industries; Ajay J Piramal, chairman, Piramal Enterprise; Ajay Singh, CMD, SpiceJet; Chanda Kochhar, MD and CEO, ICICI Bank; Vivek Lall, chief executive, Global Commercial Strategic Development of General Atomics; GVK Reddy, chairman of GVK group; Rajiv Singh, vice-chairman, DLF; Shri Paul Oswal, chairman and MD of Vardhman Textiles; and Rahul Bajaj of Bajaj group.

According to Sukhbir, who had personally visited the business tycoons as part of his marketing Punjab strategy, he will showcase in the summit: “What we promised and what we have delivered”.

Even as during the December 2013 summit, the investors had promised to invest about Rs 63,000 crore and had signed memoranda of understanding, Sukhbir claimed that about Rs 40,000 crore investment projects had been cleared.

“We have achieved maximum targets in terms of converting the 2013 summit MoUs into real investment. We are hopeful of business houses signing MoUs that will surpass the investment promises of last summit,” Sukhbir told HT.

In his power-point presentation on Wednesday, the sale pitch of the deputy CM will be “holistic development” of the state. The government is hoping that Poland, known as the leading light in the field of food processing, may announce big-ticket projects.

The “skill development”, another pet project of the CM, is expected to get a major push. The plan is likely to be unveiled on Wednesday as the government has roped in major companies and aims at opening skill development centres in rural areas.

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  • ABOUT THE AUTHOR

    Pawan Sharma, based in Chandigarh, is Punjab’s Chief-of-Bureau, Hindustan Times. In the past 16 years, stints in Delhi and Himachal Pradesh including, he has done high-impact stories on Tibetan affairs, judiciary, politics and corruption in governments.

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