Punjab rolls out red carpet for foreign investors; CM Bhagwant Mann holds meetings with diplomats

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Chandigarh, January 17

Due to concerted efforts of the state government led by Punjab Chief Minister Bhagwant Singh Mann, the Ambassadors of the various countries on Wednesday evinced keen interest in making huge investments in the state.

During the meetings with the Ambassadors, the Chief Minister showcased Punjab as a land of opportunities and invited them to encourage the companies of their respective countries to invest in the state. He said that companies will be immensely benefited by investing in the state, which is rapidly emerging as the industrial hub of the country.

The Chief Minister said the foreign companies should make optimum use of this congenial atmosphere backed by excellent infrastructure, power, skilled human resources and best industrial and work culture to spread their business. Extending a red carpet welcome to the companies, he said that the state government was always open for new ideas and innovations to boost up the industrial growth in Punjab.

In a meeting with Australian High Commissioner Phillip Green, the Chief Minister underlined the need for mutual cooperation in varied fields to further boost economy of Australia as well as that of Punjab. He said that there is a huge potential of investment in agriculture, sports industry, cattle feed, education and others in Punjab.

During meeting with High Commissioner of United Kingdom Alex Ellis, the Chief Minister said that there was a huge scope of mutual growth between Punjab and UK in Agri-Food Processing sector in terms of Processing for poultry, pork, value added dairy products, fruit Juice concentrate manufacturing, potato Processing, food Packaging and ready to Eat/Confectionary Items.

In a meeting with envoy of Brazil Kenneth H. da Nobrega, the Chief Minister said that there was a huge scope of investment by the Brazilian companies especially in sectors like Agro Food Processing, New and Renewable Source of Energy, Logistics, Information and Technology and Chemicals. He said that Brazilian companies can be immensely benefitted by investing in the state as apart from fertile land the state has a pool of skilled and hard working manpower which can be of immense use for them.

During deliberations with Ambassador of Spain José María Ridao, the Chief Minister apprised him that Punjab exports major products like basmati rice, bulk drugs, products of steel and iron, auto components, agro-chemicals, cotton fabrics, madeups and others to Spain and the total value of these exports was Rs 510.35 crore.

In a meeting with Malaysian Ambassador Dato Muzafar Shah Mustafa, the Chief Minister apprised him that Punjab has emerged as a most preferred Tourist destination and state government is already promoting tourism on a large scale. He said that strategic tie up between Punjab and Malaysia especially in Tourism and diaspora can be immensely beneficial for both.

During a meeting with Ambassador of Netherlands Marie Louisa Gerards, the Chief Minister said it is heartening to know that Netherlands is the fourth largest Foreign Direct Investor (FDI) in India. He said that companies from Netherlands have already invested in Punjab and he had also performed the groundbreaking ceremony of De Heus factory at Vividha Industrial Park, Rajpura in October 2023.