Dubai: Showcasing industrial and entrepreneurial spirit of Punjab, Punjab Deputy Chief Minister Sukhbir Singh Badal made a strong case for furthering economic and business relations between Punjab and UAE to an all time high level.
DyCM arrived at inaugural direct flight from Mohali to Sharjah along with a high level delegation on Thursday. To further cement trade and commercial ties MoU was inked between Indian Business and Professional Council (IBPC) Dubai, Punjab Bureau of Investment Promotion (PBIP) and Confederation Indian Industry (CII) with specialised focus on trade, investment, education and lifestyle sectors opportunities besides co-operating with each other on sharing knowhow to strengthen commercial ties.
Badal said that purpose of his visit is to offer a grand platform for investors of Dubai to invest in Punjab as the state is unarguably best and most preferred business and investment destination throughout India. Elaborating on India-UAE relationship, Deputy Chief Minister said that Indians constitute a whopping 27 per cent of the population of UAE and many of them comprise Punjabis who can prove to be a vital link in promoting trade relations between the two.
Making a strong case for investment in Punjab, Badal said that Punjab government is establishing umpteen number of projects in Punjab. He disclosed that an IT city is being planned in Mohali which will see prominent companies from the sector setting up base there. Giving more details, he said that besides the I.T. city, the state government is also focused on developing an Edu City comprising top notch facilities from school to higher level and Medi City constituting hospitals, medical colleges and research institutes thus making Mohali an economic hub of the state and setting a benchmark in development.
Presenting his case with facts, the Deputy Chief Minister said that the state government has established a department called ‘Invest Punjab’ which acts as a nodal agency regarding all investment related work. The department provides all the necessary permissions and clearances for establishing new business ventures and for this purpose has brought 23 departments under one roof.
Disclosing more, he said that Punjab has lowest industrial power tariff at Rs 4.99 per unit, best connectivity having 2 international and 3 domestic airports besides having excellent road connectivity matching international standards.
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