Birthday of Sri Guru Ramdas Ji
Punjab Advance October Punjab Advance October
turing sector, 25 per cent of them are in the agro/ food processing sector. Mohali and Ludhiana have been the most favoured investment destinations in the state. In the run-up to the investors' summit, the government has been in an action mode to present its report card and also offer additional incentives to woo investors. Besides the plethora of fiscal incentives being offered to investors under the Industrial Policy of 2013, including the VAT retention policy, seeing the low economic sentiment in the country, the state is now offering pre-cleared sites and assuring immunity hike in power tariff. “The incentives are unmatched and the Invest Punjab Bureau has made the process of getting clearances easier. We are hopeful that all major homegrown industries and foreign investors would choose Punjab as a preferred investment destination,” says the deputy CM. SINGLE WINDOW WONDER Among the major initiatives of the government has been the setting up of the Punjab Bureau of Investment Promotion as the single point of contact for regulatory clearances and fiscal incentives approvals to facilitate investors who are looking to set up business in Punjab In fact, the one-stop clearance system initiated by the Punjab Bureau of Investment has been the first of its kind in the country to cut red-tapism and provide a “ T he ‘Progressive Punjab’ campaign celebrates the spirit of Punjabi enterprise, openness, hard work and welcoming warmth for one and all. It shares the “Make in India” vision of the Prime Minister and positions Punjab and India as the easiest place to do business. unique facility to investors. This initiative has won accolades from Prime Minister Narendra Modi as much as from the World Bank. The PBIP was set up in 2013 as the single point of contact for regulatory clearances and fiscal incentives approvals to facilitate investors looking to set up a business in the state. As a nodal agency , it has been entrusted with the responsibility of ensuring a smooth transition of a project from proposal stage, up to the implementation stage. Invest Punjab CEO Anirudh Tiwari pointed out that Punjab had cleared 216 projects last year with an investment of Rs 15,000 crore, of which 39 per cent were in the agro and food processing sector and 30 per cent Chief Minister Parkash Singh Badal Punjab has taken rapid strides in strengthening infrastructure, upskill workforce and some sector-specific initiatives, including setting regulatory and fiscal incentives related approvals under one office.” in the manufacturing sector. “Punjab is the only state in which the single window system allows application for all licenses studied in this assessment, although some others come very close,“ says the World Bank's recent report . PM PATS AS WELL The Deputy Chief minister has invited the Korean Government to facilitate investment in smart Prime Minister Narendra Modi and Punjab Industry Minister Madan Mohan Mittal in front of the Punjab Pavilion at the International Trade Fair in Hanover. cities that Punjab proposed to develop on its own. The Government has decided to take up a 8 Punjab Advance October 2015
Punjab Positives Revenue - VAT: Gross Collections State Gross Domestic Product Power Surplus Best logistics and connectivity Top reasons to invest • Abundant and quality power • High quality social infrastructure • End to end communication network • Highly skilled manpower and enterprise • Best in-class logistics and connectivity October 2015 Punjab Advance 9
- Page 2 and 3: Gurpurab Greetings Birthday of Sri
- Page 4 and 5: Punjab Advance www.punjabadvance.co
- Page 6 and 7: It’s Brand Punjab A New Ease of D
- Page 10 and 11: project to create two smart cities
- Page 12 and 13: Cabinet clears fresh T incentives h
- Page 14 and 15: Governance Reforms Punjab leads the
- Page 16 and 17: Governance Reforms Punjab Governanc
- Page 18 and 19: Smart CitieS An artist view of Smar
- Page 20 and 21: War widows’ pension up T he Punja
- Page 22 and 23: T he entire Guru Gobind Singh Marg
- Page 24 and 25: PUNJABIS OVERSEAS The Sikh Samarita
- Page 26 and 27: Nature's Mosaic An accomplished med
- Page 28 and 29: Awards Kasel, aulakh and tasneem ge
- Page 30 and 31: Craft Punjabi jutti goes phoren “
- Page 32 and 33: Career n Competition Overcoming Ord
- Page 34 and 35: Career n Competition Current ISRO g
- Page 36 and 37: Rajinder Singh Bedi remembered Fath
- Page 38 and 39: Films Sardaarji biggest blockbuster
- Page 40 and 41: Sports Punjab Police sweep men’s
- Page 42 and 43: Health Dengue Symptoms, Precautions
- Page 44 and 45: Health Walk your way to health Dr.R
- Page 46 and 47: Children’s world Hi kids, “ L a
- Page 48 and 49: Forecast Your stars this month Dr.
- Page 50: Last Word A male bastion falls I wa
Punjab Positives<br />
Revenue - VAT: Gross Collections<br />
State Gross Domestic Product<br />
Power Surplus<br />
Best logistics and connectivity<br />
Top reasons to invest<br />
• Abundant and quality power<br />
• High quality social infrastructure<br />
• End to end communication network<br />
• Highly skilled manpower and enterprise<br />
• Best in-class logistics and connectivity<br />
October 2015<br />
Punjab Advance<br />
9
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