category Regional, chandigar, mumbai , , tags Regional, chandigar, mumbai , , DW BUREAU Mumbai Chandigar Punjab Chief Minister Bhagwant Mann on Tuesday visited the Bombay Stock Exchange (BSE) and showcased the state as the most preferred investment destination across the country. The Chief Minister, while interacting with the media persons after performing the Bell Ringing ceremony here at the BSE, showcased Punjab as a land of opportunities and invited the companies to invest in the state. He said that entrepreneurs will be immensely benefited by investing in the state, which is rapidly emerging as the industrial hub of the country. Bhagwant Mann said that Punjab has complete communal harmony, peace and amity, which are mainly responsible for overall development and prosperity in the state. The Chief Minister urged the industrialists to make optimum use of this congenial atmosphere backed by excellent infrastructure, power, skilled human resources and best industrial and work culture to spread their business. Extending a red carpet welcome to the industrialists, he said that the state government was always open for new ideas and innovations to boost up the industrial growth in Punjab. Bhagwant Mann said that the day is not far away when Punjab will emerge as the industrial hub of the country. Inviting the captains of industry to visit the state in the Invest Punjab Summit slated to be held next month at SAS Nagar, the Chief Minister said that the Invest Punjab Summit being organized on February 23-24 will prove to be a milestone in giving a major fillip to industrial growth of the state. He said that the state government has already finalized the arrangements for this mega event. Bhagwant Mann said that the main motive behind giving fillip to industrialization in the state is to reverse the trend of brain drain in the state by opening new vistas of employment for the youth. On the occasion Chief Executive Officer of the BSE Sundararaman R felicitated the Chief Minister. WORK COMMENCES ON COUNTRY S SECOND LARGEST STEEL PLANT OF TATA GROUP COMING UP AT LUDHIANA In consonance with the commitment of Punjab Chief Minister Bhagwant Mann to turn dreams into reality for ushering an era of industrial revolution, the work on setting up of scrap based steel plant by Tata Steel at a cost of Rs 2600 crore kicked off on Tuesday in Ludhiana. This is just the beginning as we deliver, what we say and the day is not far when we will make Punjab a frontrunner state in the industrial growth across the country , said the Chief Minister during a meeting with the representatives of the Tata group here on Tuesday. The Chief Minister, while congratulating the Tata group for starting work on this ambitious project, assured fulsome support and cooperation to them in this noble cause. He said that this project is first ever investment made by this globally acclaimed company in the state and second biggest in the country after Jamshedpur. Bhagwant Mann expressed hope that investment by this major industrial group will further put the state on a high growth trajectory of industrial development besides opening new vistas of employment for the youth. The Chief Minister described it as a Dawn of New Era as earlier the Memorandum of Understanding (MoU) were confined upto paper only whereas now the actual work has started to give fillip to progress of the state. He said that earlier the companies were forced to ink agreements with the affluent families in the state to secure their vested interests. However, Bhagwant Mann said that now the pacts are being done with the people of the state to carve out a progressive, vibrant and peaceful Punjab. The Chief Minister unequivocally said that the youth of the state will be immensely benefited from this project, which will play a key role in restoring the pristine glory of the state. He said that the Tata Group is investing around Rs 2600 crore in the first phase of the project coming up at Ludhiana, adjacent to Hi-Tech Valley Industrial Park of Government of Punjab. Bhagwant Mann envisioned that this prestigious project will prove to be a milestone in propelling industrial growth in the state. The Chief Minister said that this electric arc furnace based plant will produce 0.75 MTPA finished steel adding that the raw material for the steel making process is 100 scrap. Bhagwant Mann said that the plant will be spread over 115 acres of land adjacent to the state-of-the art Industrial Park developed by PSIEC. He said that the project is part of the commitment of the state government to ensure that Punjab leads the country in the arena of industrial growth. (editor dailyworld.in)