Giving a further impetus to ease of doing business in the state, Punjab Chief Minister Captain Amarinder Singh on Tuesday launched the government’s unique `Business First Portal’.
Pointing out that the portal, as a single-window clearance resource, would provide an independent interface to investors for their industrial grievance redressal, feedback and suggestions, Captain Amarinder said the state-of-the-art online facility would help bring fiscal incentives to investors in a time-bound manner under the Industrial and Development Policy-2017.
Captain Amarinder Singh further pointed out that the various initiatives taken by his government had already boosted investment sentiment amongst the investors and entrepreneurs, as was evident from the fact that investment of over Rs 10,000 Crores had been secured in the past 19 months, since his government took over in March 2017.
Proud to launch single-window ‘Business First Portal’ to boost investment & industrial development in Punjab. Our efforts are paying off, with 9% increase in industry power consumption in FY18 over FY17 & Rs.10,000 cr Investment in just 19 months. And there’s more to come! pic.twitter.com/vToyANXHe2
— Capt.Amarinder Singh (@capt_amarinder) November 6, 2018
“The industrial growth in the state was also visible from the significant 9% increase in industrial consumption of power in 2017-18 over 2016-17,” he further said, adding that as many as 60 new units had been started in Mandi Gobindgarh, in addition to revival of old units, in this period.
The Chief Minister said, “The portal would also be instrumental in creating enormous job opportunities through the establishment of new industrial ventures across the state, thus propelling the government’s ambitious ‘Ghar Ghar Rozgar’ scheme.”
“Under the portal, approvals for applications having more than Rs 1 Crore Fixed Capital Investment (FCI) would be given by Punjab Bureau of Investment Promotion (Invest Punjab) and for those up to Rs. 1 Crore FCI, they would be given at the district level. Relationship Managers/Sector Officers would be assigned automatically through the portal,” he disclosed.
On the occasion, he also lauded the initiative of the departments of Industries & Commerce and Punjab Bureau of Investment Promotion.