Punjab to Showcase its investment Potential in CII Invest North

By 121 News

Chandigarh 07^th September:- The Punjab Government is all set to participate and aggressively showcase its investment potential in the upcoming 'Invest North' Conclave being organised by Confederation of Indian Industry (CII) from 10^th – 11^th September 2015 at Hotel LaLit, New Delhi. The conclave gains prominence as attracting investments is on top of the agenda of Punjab government as well.  Set to be inaugurated by Smt Nirmala Sitharaman, Hon'ble Minister of State for Commerce & Industry, Government of India, in the presence of Sukhbir S Badal, Deputy CM, Punjab along with chief Ministers of Haryana and Uttarakhand, CII Invest North will attract both domestic and overseas investors like the previous three editions, in which Punjab Government also participated.

Sukhbir S Badal would showcase Punjab Govt's key incentives, best practices and pro –industry policy initiatives and Punjab's unique strengths to attract investments during the inaugural session. Sukhbir S Badal would also interact with select industry leaders and CEOs in B2G meetings to discuss investment proposals for mega projects on 10^th Sept itself.

S S Bhogal, Chairman, CII Punjab State Council & Managing Partner, Bhogal Sons  Pvt Ltd. said that the one of  its kind conclave, which is aimed to primarily revive investments in the eight northern states is very much in sync with the vision and thought process of Deputy Chief Minister Sukhbir Badal, Chief Minister, Punjab, in the sense that it aims to showcase Punjab's vast potential in sectors like Renewable Energy, Textiles, Agro Processing,  Dairy and Healthcare, Auto & engineering, ESDM, IT & ITeS, , Tourism & Hospitality, and hence attract investments. He added that punjab can attract huge investments, courtesy its well-developed physical infrastructure and good connectivity with all major cities of the country coupled with a robust industrial infrastructure with various industrial areas and specialized parks / Zones. The state Govt would also share its upcoming projects where in private investments are expected. The Govt offers attractive incentives through its policy of Fiscal Incentives for Investment Promotion 2013 (FIIP 2013). Further, it offers a rich pool of skilled, semi-skilled and unskilled human resources, making it suitable for both knowledge-based and manual labour intensive sectors.

Malvinder Mohan Singh, Chairman, CII Invest North 2015 and Executive Chairman, Fortis Healthcare Ltd, shared that CII Invest North 2015 will carry forward the agenda of the last three editions to explore sector specific opportunities, showcase the investment potential, and attract investments in the northern region, which has vast untapped potential. The high point of the event will be one-to-one meetings, i.e. B2G and B2B meetings to help the industry engage with state and central governments explore business opportunities and forge new partnerships.

Shreekant Somany, Chairman, CII NR and CMD, Somany Ceramics Limited said that CII Invest North will have dedicated state sessions, to be addressed by respective Chief Ministers or Industry Ministers in addition to a brainstorming sessions onMake In India, Ease of Doing Business, Digital India and E-commerce, Global Engagements For Growth, Enabling Infrastructure : Role of Dedicated Freight and Industrial Corridors with specific reference to Northern States where Chief Secretaries of the Northern States along with Secretary – DIPP would participate. He further said that business delegates and diplomats from various countries like China, South Africa, Brazil, Thailand, The Netherlands, United Kingdom, Italy, Egypt, Singapore, New Zealand, Mongolia, Indonesia, Sweden, Cuba, Turkey, France, Taiwan, Chile, Romania, Maldives, Zimbabwe, Germany, Korea would also participate at the conclave.