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Assuring them all possible help, Chief Minister Parkash Singh Badal on Monday appealed to industrialists to set up their ventures in Punjab.
Badal was addressing an Investment Promotion Summit on Punjab Calling Getting Growth Back: Government-Industry Partnership for Building Sustainable Tomorrow' organised by Assocham in collaboration with the state government here.
"Punjab is the most peaceful state in the country," Badal said, adding that the state's existing policy will be fine tuned according to the needs of the industry.
The chief minister also said improved air connectivity with the upcoming International Airport at Mohali, Sri Guru Ramdass International Airport at Amritsar besides three domestic airports at Bathinda, Ludhiana and Pathankot would certainly accelerate the pace of industrialisation.
Videocon to invest Rs 1,500 cr
Videocon International will invest Rs 1,500 crore in Punjab, group chairman Rajkumar Dhoot, said on Monday. Dhoot said that Rs 1,000 crore will be invested in the group's IT company at Mohali and call centre at Jalandhar, while Rs 500 crore will be utilised to set up a facility to manufacture washing machines and televisions.
Badal said a 1,700-acre IT Park was being set up at Mohali besides five integrated textile industrial parks in Malwa and integrated sugar parks in Majha region. A general focal point near Kapurthala was also being developed to cater the needs of industrialists.
He also sought incentives such as restoration of subsidy on freight equalisation, enhancing the currently 137 items being exported through ICP at Attari Wagah and allowing Punjab to have coal linkage.
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