Punjab to unveil new investment policy from April,says Sukhbir

He said that the new policy besides focusing on inclusive growth,tapping the inherent advantages of the state,would lay out the blue print for industrial revolution for next 25 years.

Describing Textile as a “biggest catalyst of growth”,he said that the sector ensures dispersion of prosperity in every section of the society besides giving a big push to employment especially to the women.

He said that “the promotion of textile industry was our main agenda and new Investment Promotion policy besides cutting red tapism and archaic rules would be aggressive policy to attract investment in every sector”.

Inviting textile entrepreneurs to set up their industry in the state,he said that the Punjab government would offer conducive atmosphere for industrial growth besides industrial peace.

He said that whatever industry that has gone to Uttrakhand and Himachal Pradesh has started coming back after withdrawal of concessions to hill states.

Presenting Punjab as “best investment destination” in the country,he said that it would be the first state in the country that would be power surplus by December and would be able to sell power to other states.

“We have demand of power from even Pakistan and it was for Union government to take a decision (to allow export of power to Pakistan or not)”,he said adding that besides power,Punjab offers world class road connectivity with every city linked with 4/6 lane roads,air connectivity with three international and three domestic airports.

Sukhbir said that with the opening of Attari border and likely approval of export and import of 6,000 goods,Punjab is on threshold of becoming above South-East Asia.

Focusing on revenue generation,he said that Punjab,which has clocked Rs 15,500 crore in VAT collection this year,is set to achieve Rs 21,000 crore target in next two years.