Friday, May 29th, 2020

Punjab offers peaceful industrial relations with least number of labour unrest

INVC NEWS

New Delhi , “Punjab offers peaceful industrial relations with least number of labour unrest, said, Shri Manpreet Singh Badal, Hon’ble Minister for Finance, Planning & Employment Generation, Government of Punjab, while addressing at the CII Invest North 2018, organized by Confederation of Indian Industry (CII) in partnership with Indian High Commission in Singapore today at Singapore. “To attract fresh investments, the State Government recently came up with enabling policy regime and incentives such as rationalization of the power rates from Rs 7.60 per unit to a flat Rs 5.0 per unit,” he added.
H E Mr Jawad Asraf, High Commissioner of India to Singapore, said, “Singapore has partnered with the Indian States on skills, urban development, infrastructure, urban township amongst others and with CII Invest North 2018, we expect that the partnership with the Northern states of India and Singapore will reach newer heights.” The presence of Punjab, Uttarakhand and Uttar Pradesh today reiterates the fact that Northern States are very keen to forge business partnership with the Singapore-based companies. It is interesting to see that confluence of certain factors like demographic dividend, availability of large resource base, upcoming progressive policies etc makes the states of India attractive destination for investments. Mr Sachit Jain, Chairman, CII Northern Region and Vice Chairman & Managing Director, Vardhman Special Steels Ltd, said that CII has been organizing Invest North Conclave every year with an objective to attract and tap the interest of the global investors’ community towards scope and potential of investment in the Northern Region. While over the years, Invest North has always been organized within the country, this year, CII has organised Invest North in Singapore to promote Northern Region States of Punjab, Uttarakhand and Uttar Pradesh as the preferred investment destination and engage with the overseas investment communities. Highlighting the distinct advantages that the Northern States offer, Mr Sameer Gupta, Deputy Chairman, CII Northern Region and Chairman & Managing Director, Jakson Group said that Northern India offers distinct advantages to the investors, including rich natural resources, growing infrastructure, favourable policy regimes, availability of skilled labour, rising consumer demand backed by increasing income and continuous government support.


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