CM invitations German MultinationalL Manufacture of pumps and valves KSB se and CO KGAA to ascertain their operations within the state

CM invitations German MultinationalL Manufacture of pumps and valves KSB se and CO KGAA to ascertain their operations within the state


CHANDIGARH: Punjab Chief Minister Bhagwant Mann on Thursday prolonged an invite to German multinational producer of pumps and valves KSB SE and Co KGaA to ascertain their operations within the state.

The Chief Minister met Vice President (Gross sales Administration Water) KSB SE & Co KGaA, Phillip Storch right here on Thursday late night.

The Chief Minister prolonged an invite to the corporate to ascertain their operations in Punjab. He stated that Punjab’s political stability, sturdy connectivity, liberal and pro-industry insurance policies coupled with clear, inexperienced and wholesome setting with high-quality of life are key benefits for {industry}. Bhagwant Mann additionally talked at size in regards to the strengths of the economic ecosystem of the state and the alternatives for {industry}.

Highlighting the industry-friendly insurance policies of the federal government, the Chief Minister stated that Punjab’s connectivity by way of street, railways and airways, pleasant labour relations with no domicile restrictions and uninterrupted energy provide are conducive for industrialists seeking to arrange their operations in Punjab. Bhagwant Mann additionally invited senior officers of KSB SE & Co KGaA to attend the Progressive Punjab Traders’ Summit scheduled for on February 23-24, 2023. He additionally showcased Punjab as a land of alternatives and requested the corporate to put money into the state.

In the meantime, Vice President, (Gross sales Administration Water) KSB SE & Co KGoA Phillip Storch appreciated Punjab’s single-window system for regulatory and monetary providers and ease of doing enterprise rankings.

It’s value mentioning that KSB SE & Co KGaA is a German multinational producer of pumps and valves with gross sales revenues of two.3 billion euros (i.e. INR 1875 crores). The corporate, based in 1871, gives heating pumps, water remedy, flood management, automation, and engineering techniques.

On the event, Principal Secretary, Funding Promotion Dilip Kumar, CEO, Punjab Bureau of Funding Promotion (Make investments Punjab) Kamal Kishor Yadav, Particular Principal Secretary to Chief Minister Kumar Amit and others had been additionally current.



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