The industry is expanding in the state because of such pro-industry policies, he stated after inaugurating Rs 200 crore Vadhman steel plant here.
"Punjab is the first state in the country to adopt one-stop clearance by setting up Punjab Bureau of Investment Promotion for the investors to set up new industries," Badal said.
The bureau has cleared 180 projects since its inception and all clearances were being given within a month, he added.
Earlier interacting with industrialists, he announced that Ludhiana would have ultra modern and economical Bus Rapid Transit System (BRTS) in place of Ludhiana Metro Rail project very soon.
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After consultation with international experts, the Punjab government had now decided to introduce BRTS in place of Metro Rail, he said, adding that some other states have also shelved metro rail projects and have adopted BRTS.
Unveiling the 'Rahat' scheme launched by the state government, he appealed to traders to adopt this scheme.
Badal also invited traders to come to Chandigarh next week so that their grievances could be resolved in the presence of concerned officers.
The Deputy CM claimed that Punjab had already achieved the status of power surplus state and from next year there would not be any shortage of coal.
"Thermal plant at Goindwal Sahib is complete and it will start getting power supply shortly as the Centre is formulating a national policy for the same," Badal said.
Stating Punjab would be the first state in the country implementing online services, Badal assured that administrative reforms would be completed within next two years to provide hassle-free services to the citizens.
On a question related to Ashutosh Maharaj, the Deputy CM said the state government would abide by the decision of Punjab and Haryana High Court.