Mumbai: Punjab Chief Minister Bhagwant Singh Mann on Wednesday firmed up major investment projects for state with leading companies like Sun Pharmaceutical Industries Ltd, RPG, Sify Technologies and JSW group expressing their willingness to invest in state.
During the meeting with Captains of these industries, the Chief Minister showcased Punjab as a land of opportunities and invited the companies to invest in the state. He said that entrepreneurs will be immensely benefited by investing in the state, which is rapidly emerging as the industrial hub of the country. Bhagwant Singh Mann said that Punjab has complete communal harmony, peace and amity, which are mainly responsible for overall development and prosperity in the state.
During a meeting with the Chief Minister, CEO of – Active Pharmaceutical Ingredients (API) Business (Sun Pharmaceutical Industries Ltd) Damodharan Satagopan expressed his company’s keen interest in investing significantly in Punjab, citing the state’s conducive business environment and proactive governance. He highlighted Punjab’s strategic advantages, skilled workforce, infrastructure, Professional behavior of Bureaucracy that make the state an attractive destination for pharmaceutical industries.
Meanwhile, Vice Chairman of RPG group Anant Goenka, while expressing desire of his group to invest in the state, appreciated the single window system created in Punjab as a single point solution to all difficulties faced by the industrialists. Showing his willingness to Invest in Punjab in a big way, he said that CEAT has expansion plans in Punjab as the state is an ideal hub for CEAT’s growth ambitions. He said that the group has already invested in a big way in the South and West adding that now it is the turn of Punjab.
President of Sify Technologies Ltd Daleep Kaul said that SIFY technologies have decided to set up a dedicated/captive data center in Mohali in the First Phase and invest Rs 1500 crore in Artificial Intelligence (AI) based Horizontal Data Centre in Punjab.
Meanwhile, JSW group has agreed to make further investments worth Rs 1600 crore in the state including expansion of JSW steel coating products and Business Heads of JSW Steel Coated Products Ltd Amarjit Singh Dahiya and Ashwani Kumar Sharma informed the Chief Minister that JSW Steel Coating Products Ltd has purchased 28.17 acres adjacent to the existing plant in Rajpura for expansion worth Rs 1600 Crore.