Birthday of Sri Guru Ramdas Ji

project to create
two smart cities
in New Chandigarh
and Mohali
on its own. We
are committed to
moving fast to facilitate
investors
who want to set
up such cities,”
said the Dy CM
adding that the
smart city project
would also be a
good opportunity
for the Korean
companies to
showcase their expertise.
The Korean Minister said
Korea was keen to offer international
cooperation in the establishment
of smart cities and
that possible ways for collaboration
with Punjab would be
firmed up in due course.
Sukhbir also invited Korea
to participate in Invest Punjab
Summit being held in October
end and become a partner
State. He also stressed that this
was the right time to invest in
Punjab.
A memorandum
of understanding
(MoU) was
also signed with
Indian Chamber of
Commerce in
Korea (ICCK) to
promote Korean
investment in Punjab.
As part of this
MoU, Invest Punjab
will establish a
permanent representative
office in
SECTOR-WISE
APPLICATIONS RECEIVED
Invest Punjab signs an MoU with Indian Chamber of Commerce in Korea
South Korea.
LAND
BANK
In addition,
the state has prepared
a land bank
of around 1000
acres with around
600 pre-cleared
sites.
"Creating a
land bank for
ready distribution
to investors has
been a major initiative
of the state
government to help investors",
said a senior official. Under
this scheme, the Punjab Small
Industries and Export Corporation
(PSIEC) is ready with
its offer of sites to the Invest
Punjab Bureau for setting up
industrial units.
Tiwari said the state had on
offer of over 600 pre-cleared
sites. “The PSIEC is also offering
another 1,500 sites,
which will be allotted to the investors,”
he added.
The bureau has
also initiated a slew
of reforms in the
labour sector.
While online approval
for power
connection is provided,
the state has
ensured elimination
of arbitrary
and redundant inspections
as well.
One of the key
highlights of the
state to attract in-
10 Punjab Advance October 2015