CHANDIGARH – As the second edition of the Progressive Punjab Investors Summit took place this week with a galaxy of top industrialists from top Indian conglomerates descending here to participate in the summit.
Punjab’s industrial policy of 2013, which heralded a wave of industrial investment in the state two years ago, is now attracting foreign investors.
Besides the doyens of Indian industry and corporate world — Mukesh Ambani, chairman, Reliance Industries Limited; YC Deveshwar, chairman of ITC Ltd; Sunil Kant Munjal, joint managing director of Hero MotoCorp; Dilip S Shangvi, chairman and MD, Sun Pharmaceuticals; Ajay J Piramal, chairman, Piramal Enterprises; and Chanda Kochhar, MD and CEO of ICICI Bank —business delegations from South Korea, China, Poland and Hungary are expected to be there for the two-day summit.
Amongst this galaxy of business and corporate world, Punjab is hoping to make its mark as the top investment destination in the country. CII vice-president and executive vice- chairperson of Apollo Group Shobana Kamineni; Rahul Bajaj, former president, CII, and chairman, Bajaj Auto; are also participating.
Pre-cleared industrial sites over 2,500 acres; major labour reforms; fixed rate of power tariff (at Rs 4.99 per unit) for the initial first five years since the project gets commissioned; a policy for start-ups (including those investing just Rs 1 crore); and the state’s skill development programme will be unveiled at the summit tomorrow.
