Punjab News

CHANDIGARH:Terming the Punjab as a land of alternatives geared up with conducive enterprise atmosphere, Housing & City Improvement and Info & Public Relations Minister Mr Aman Arora on Thursday stated that Chief Minister S Bhagwant Mann led state authorities has been endeavor myriad efforts to additional foster the funding ecosystem within the state and strengthen enterprise ties with Japan.

Mr Aman Arora, who was presiding over the “Japan- Associate Nation” session on the primary day of the fifth Progressive Punjab Traders’ Summit-2023 organised on the Indian Faculty of Enterprise (ISB), Mohali, stated that selling Ease of Doing Enterprise, creating an appropriate employment alternatives, offering entry to high quality infrastructure and allow larger transparency in governance are the topmost priorities of the Punjab Authorities.

Stating the contribution of Punjab in Nationwide financial development, he stated that the state has simply 1.5% of India’s land space however contributes 3% to India’s Gross Home Product (GDP). Punjab is rising as a brand new international enterprise vacation spot, he stated, including that Punjab can also be rightly generally known as the Meals Bowl of India as it’s the greatest contributor to central pool of meals grains. The state is among the main rising economies within the nation with strengths in Agri & Meals processing, Textiles, Bicycle Manufacturing, Engineering, Auto Parts, Machine instruments, Prescription drugs, IT and Tourism.

Punjab has long-standing cultural and financial ties with Japan as a result of complementarities between the 2 areas, stated the cupboard minister, whereas including that Punjab exports items price Rs 336 Crore to Japan, which is among the focus nations for the Authorities of Punjab to advertise Industrialisation and Commerce & Commerce.

“Punjab is the most secure place to do enterprise,” he reiterated, whereas extending invitation to the delegates to Spend money on the Finest.

With greater than 100 Japanese enterprise institutions within the state, Mr Arora stated that Punjab primarily based business has already entered into many profitable collaborations with Japanese enterprises manufacturing, know-how tie-ups and market help, of which outstanding corporations embrace Aichi Steels— Metal Arm of Toyota, Yanmar, SML ISUZU, Toppan, Mitsui Co., Gunma Seiko and Koyo.

Whereas giving the presentation on incentives and different companies being supplied to industries in Punjab, MD Milkfed Mr Amit Dhaka stated {that a} energy surplus state, Punjab is offering electrical energy obligation exemption, in addition to, providing 100% exemption/reimbursement from Land Improvement Expenses and Stamp Obligation Expenses. Punjab additionally affords best-in-class logistics and connectivity with highest highway density amongst Indian states, in addition to, it has two worldwide and 4 home airports.

Aiming to supply easy facilitation for Japanese corporations working within the State, the Cupboard Minister stated that the state authorities has arrange a devoted Japan Desk at Make investments Punjab, which gives a single level of contact for all new and present buyers. Punjab may additionally develop Japan particular Industrial Township inside Punjab for Japanese investments which can guarantee encumbrance free land with utilities resembling water, electrical energy, seamless highway connectivity and pre-approved clearances, he added.

In the meantime, Minister and Deputy Chief of Mission Embassy of Japan Mr Kunihiko Kawazu expressed gratitude in the direction of the Punjab Authorities for organising such a fantastic occasion which can additional strengthen the enterprise ties between Punjab and Japan.

On the event, Mr Aman Arora felicitated Mr. Kawazu, Vice Chairman/MD Vardhman Particular Steels Restricted Mr Sachit Jain, GM Power Division Mitsui & Co. India Pvt. Ltd. Mr Taishi Kawai, Director OJI India Packaging Pvt. Ltd. Mr Ryuichi Asai, MD SML Isuzu Ltd Mr Junya Yamanishi and Chief Director Normal JETRO India Mr Takashi Suzuki.