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.
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 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.