Punjab News: In a significant development, Invest Punjab, the state’s investment promotion agency, has garnered substantial interest from investors. Between March 16, 2022, and September 30, 2023, the ‘Invest Punjab Business First Portal’ received 3,747 proposals, amounting to a staggering investment of Rs 56,963 crore. Additionally, the proposals aimed at generating employment for approximately 2.97 lakh individuals.
RTI Inquiry Reveals Impressive Figures
An RTI application, filed by a Bathinda resident, Harmilap Sing Grewal, sought detailed information about the investments and a copy of commitments made by companies. The response under the RTI Act cited Section 8 (i)(j), indicating that individual investment details are considered third-party commercial information and cannot be disclosed.
Comparative Figures for April-September 2022-2023 Period
During the period from April 1, 2022, to September 30, 2023, the portal recorded 3,644 submissions, proposing an investment of Rs 54,448 crore and employment opportunities for around 2.92 lakh people. The data showcases sustained interest from investors, reflecting positively on Punjab’s investment landscape.
Invest Punjab’s Role in Fostering Economic Growth
The portal’s success underscores Invest Punjab’s role in facilitating a conducive environment for economic growth and investment in the state. Chief Minister Bhagwant Mann’s announcement of Rs 56,796 crore investment at Punjab Agriculture University further emphasizes the government’s commitment to attracting investments for the state’s development.
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