Punjab CM bats for German collaboration in agri-food processing,textiles , auto elements, prescription drugs and chemical sector
MUNICH(GERMANY):Punjab Chief Minister Bhagwant Mann on Tuesday late night batted for collaboration with Put money into Bavaria workforce in agri-food processing, textiles, auto elements, prescription drugs and chemical sector.
The Chief Minister known as on the Put money into Bavaria workforce at their workplace in Munich the place he was apprised that the State of Bavaria in Germany is understood for its automotive {industry}, biotechnology, chemical substances, electronics and electrical engineering, power expertise, monetary providers and IT. He was knowledgeable that round 350 firms from the area have their enterprise ventures in India together with Siemens, BMW, Audi, MAN, Adidas, Allianz AG, Munich Re, Airbus, Infineon, Wacker Chemie, Osram, Linde and others. Bhagwant Mann was additionally informed that Put money into Bavaria acts because the Enterprise Promotion Company of the State of Bavaria and helps firms from Germany and overseas to find the best location in Bavaria for enterprise.
In the meantime, participating in deliberations, the Chief Minister showcased Punjab’s strengths in agri-food processing, textiles, auto elements, prescription drugs and chemical substances. He stated that there’s a big scope in these sectors together with different varied potential areas of collaboration between Make investments Punjab and Put money into Bavaria. Bhagwant Mann additionally showcased Make investments Punjab’s one-stop-office mannequin to facilitate buyers in Punjab from undertaking ideation and planning to execution and aftercare.
Highlighting the industry-friendly insurance policies of the state authorities, the Chief Minister stated that they’re appearing as a catalyst to place the state on orbit of excessive trajectory of commercial development. He additionally prolonged an invite to Head of Division Worldwide Financial Relations, Put money into Bavaria, Dr. Markus Wittmann to attend the Progressive Punjab Buyers’ Summit scheduled for February 23-24, 2023 to additional strengthen this relationship and discover alternatives for collaboration. Inviting the businesses from the State of Bavaria to put money into Punjab, he assured full help and cooperation from the State Authorities in figuring out alternatives for commerce, funding and partnerships within the State of Punjab.
In the meantime, Put money into Bavaria workforce appreciated Punjab’s single-window system for regulatory and financial providers and ease of doing enterprise rankings throughout a mutual alternate of finest practices. Make investments Punjab and Put money into Bavaria additionally agreed to cooperate and alternate bi-lateral commerce and funding alternatives, promote cooperation within the areas of economic, industrial and technical exchanges between the businesses/industries from the respective areas and discover alternatives for collaboration in analysis, talent improvement, coaching and infrastructure improvement.