Punjab, Haryana invite investors

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Press Trust of India New Delhi
Last Updated : Sep 10 2015 | 3:07 PM IST
Punjab and Haryana governments today invited corporates to make investments in their states saying that they have taken various measures to improve infrastructure as well as business environment.
At a CII event, 'Invest North', Punjab Deputy CM Sukhbir Singh Badal said investors are kings and states are competing to attract investments by offering fiscal incentives and removing red-tapism.
"Investors have become the king. CM is running behind the investors," Badal said, but cautioned that the "level of competition should not be (such) that states start bleeding".
He said the state has made huge investments to improve infrastructure like providing power and roads in the last eight years, besides creating a separate department 'Invest Punjab', headed by a CEO, for clearing projects in 30 days.
He also said that state has not faced any labour issues and lock-ups.
Punjab has become a surplus power state with investments of USD 5 billion in the last 5 years, he said, adding that the state government is creating a department to sell surplus power and has even sought permission from the Prime Minister to export power to Pakistan and other neighbouring countries.

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"I am requesting the Prime Minister. Pakistan was in need of power and there were talks. I said, we can offer power not only there (Pakistan) but to any other country," he added.
Badal announced that from March next year, the state government will become online and paperless.
Haryana CM Manohar Lal Khattar too enlisted steps which his state has taken to attract investments including 24X7 power supply.
"Haryana has a locational advantage. Ample land banks are available for industries and power too. We are determined to do ease of doing business to increase competitiveness of industries. We are granting time bound approvals," Khattar added.
Inviting investors, he said the state authority will "hand-hold" the industry and will provide a "hassle-free" environment.
Khattar also informed that state would organise investors summit next year in Gurgaon.

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First Published: Sep 10 2015 | 3:07 PM IST

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