During the visit, Mann showcased Punjab government’s work to promote industry in the state after which BMW agreed to set up its auto component unit in state….reports Asian Lite News
Efforts of Punjab Chief Minister Bhagwant Mann to rope in major investments from Germany bore fruit on Tuesday as auto giant BMW agreed to set up its auto part manufacturing unit in state.
A decision to this effect was taken during the Chief Minister’s visit to the BMW headquarters here.
During the visit, Mann showcased Punjab government’s work to promote industry in the state after which BMW agreed to set up its auto component unit in state.
Buoyed over it, Mann said this will be the second unit of the company in India as already one such unit was operational in Chennai.
He said this will give a major boost to industrial growth of the state and open new vistas of employment for youth.
The Chief Minister also invited BMW to collaborate with the state in the e-mobility sector.
He was apprised that e-mobility is a major sector of focus for the auto giant which targets 50 per cent of its global sales to consist of fully electric vehicles by 2030 under the leadership of Chairman of the Board of Management, BMW AG, Oliver Zipse.
The Chief Minister was invited by CEO of Messe Munchen GmBH, Reinhard Pfeiffer, to attend DRINKTEC 2022, the world’s leading trade fair for the food industry.
During his one-on-one interactions with industry at the event, he extended a warm welcome to the global industrialists to attend the Progressive Punjab Investors’ Summit scheduled for February 23-24, 2023.
During the event, Mann held deliberations with the key companies like Zepplin, Buehler, Pro Minent, Donaldson, Igus, Cipriani Harrison Valves, Pentair and others about various technology solutions pertinent for Punjab’s industry like oil seed processing machinery, industrial air filtration systems, purification technology, measurement of chemicals in water, tossing equipment for chemicals, conversion of biomass to energy, industrial water treatment and others.
During the parleys, the Chief Minister showcased Punjab as a land of opportunities and asked the companies to invest in the state.
He said Punjab has long been known as the food bowl of India and the food processing sector has significantly contributed to the progress of the state. “The state Government stands ready to fully support global industry in setting up their operations in Punjab.”
Describing Punjab as the most preferred destination for doing business, the Chief Minister said companies will be immensely benefitted by investing in the state.
He said the complete communal harmony, peace and amity were mainly responsible for overall development and prosperity in the state.
ALSO READ: Banking major Goldman Sachs set to cut jobs
