Industry sentiment very upbeat – CII

CII expects Punjab to attract unprecedented investments in next one year

NewZNew (Chandigarh) : Leading industry body Confederation of Indian Industry (CII) has congratulated the Punjab State Govt for holding a highly successful Punjab Investor summit with overwhelming response, backed by exemplary vision, resulting in MoUs of more than Rs 1.15 Lakh crore. Terming the Summit as ‘highly successful’, CII called for an aggressive follow up and early implementation of various policies and schemes announced here, so that the promised investments indeed pour in soon.

Lauding the pro industry initiatives, fiscal and non-fiscal incentives, and policy measures announced at the 2^nd Progressive Punjab Investors’ Summit by the Deputy Chief Minister, Mr Sukhbir S Badal, Mr Shreekant Somany, Chairman, CII NR & CMD Somany Ceramics Ltd  said that “ CII, which was an Institutional Partner in the event,  is very optimistic that these fast paced reforms aimed at enhancing transparency, ease of doing business, and creating an eco-system with ‘minimum government and maximum governance’, improve and streamline the regulatory environment, and ensure time bound clearances in Punjab, has boosted up the investor sentiments and would attract unprecedented investments in the state in next twelve months. CII is fully committed to work and in hand with the govt and extend all possible support”.

The summit witnessed huge participation from key CII office-bearers like CII Vice President & Executive Vice Chairperson of Apollo Group, Ms Shobana Kamineni; Mr Rahul Bajaj, Past President, CII and Chairman, Bajaj Auto; Mr Malvinder M Singh, Past Chairman, CII NR and Executive Chairman, Fortis Healthcare Ltd; Mr Sunil Kant Munjal, Past President CII and Joint Managing Director Hero MotorCorp Ltd; Mr Y C Deveshwar, Past President, CII & Chairman, ITC Ltd; Mr Sachit Jain, Co-Chairman, CII National  Council on Textiles and ED, Vardhman Special Steels Limited; Mr Dinesh Dua, Vice Chair, CII Chandigarh Council and CEO, Nectar Lifesciences; Mr S S Bhogal, Chairman, CII Punjab State Council and MD, Bhogal Exports etc, all of whom have committed huge investments in the state.