Local Bodies Minister, Punjab Navjot Singh Sidhu while laying the foundation stone of the ASSOCHAM Regional Headquarters which would come up at Mohali

DW BUREAU / Chandigarh

Punjab Local Government, Cultural Affairs and Tourism Minister Capt Amarinder Singh on Thursday said the state government considers it an article of faith to make Punjab stand tall among the highly industrialised states of the country and for that to happen, the faith of the investors need to be restored, regarding which the government is sparing no effort.

Sidhu stated this while laying the foundation stone of the ASSOCHAM Regional Headquarters, which would come up at Mohali. Outlining his vision for putting economy of the state on firm footing, the Minister said Punjab government is ready to facilitate ASSOCHAM for the growth of the state on all development centric parameters.

Additional sources of income need to be generated to propel Punjab into the top league and the ASSOCHAM could prove to be a vital link in this, he added.

Describing the focus on the service and manufacturing sectors of great significance, Sidhu said that any roaring economy of the world keeps these areas in prime focus always and cited the success stories of the US, Germany, England and Singapore as the main examples to drive home his point.

Gurgaon, which was an isolated place from industrial development point of view a few decades ago, has now become the industrial propeller, Mr Sidhu noted, adding that he sees no reason why Punjab cannot occupy the same place of pride.

The Minister said the tremendous potential that the sectors of tourism, small and medium industries, creation of landbanks, food processing, aerospace, defence manufacturing, tactical textiles hold needs to be harnessed to the utmost extent possible, besides making technical advancements in tune with the changing times to galvanise Punjab into a booming economy.

Turning his focus to the Single Window system, the Minister batted for streamlining it to facilitate the setting up of industrial infrastructure and mentioned Madhya Pradesh, Andhra Pradesh and Karnataka, where various incentives and facilities to accelerate industrial growth have been provided.


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