September 14, 2022
2 mins read

Punjab woos German investors

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….reports Asian Lite News

Punjab Chief Minister Bhagwant Mann on Monday embarked on a series of engagements in Germany to promote Punjab as a preferred investment destination and woo global investers into the state during the first day of his tour in the country.

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.

Mann urged the industrialists to 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 industrialists, the Chief Minister said the state government was always open for new ideas and innovations to boost up the industrial growth in Punjab.

He envisioned that this visit will give a major boost to the process of industrialisation in the state. Mann said that the day is not far away when Punjab will emerge as the industrial hub of the country.

Meanwhile, giving an affirmative response to the Chief Minister, the leading companies assured him massive investments in the state.

ALSO READ: Tata to make iPhones in India?

Previous Story

Banking major Goldman Sachs set to cut jobs

Next Story

Ankita crashes out in the first round at Chennai Open

Previous Story

Banking major Goldman Sachs set to cut jobs

Next Story

Ankita crashes out in the first round at Chennai Open

Latest from India News

H-1B visas face fresh Trump crackdown

The Trump administration is tightening H-1B visa scrutiny, examining employer layoffs and renewing a USD 100,000 fee for selected petitions, reports Asian Lite News Desk The Trump administration has tightened oversight of

The 100% Tariff Threat

Trump’s new Russia sanctions law gives Washington power to impose tariffs of up to 100 per cent, raising fresh pressure on major buyers India and China, reports Asian Lite News Desk US

India, Thailand Seek Stronger Trade

India and Thailand have discussed strengthening trade and investment ties, with tariff barriers and balanced trade among key areas of focus…reports Asian Lite News Desk India and Thailand have discussed ways to

India, New Zealand FTA Nears Takeoff

India and New Zealand are expected to bring their free trade agreement into force within a month after Wellington’s Parliament approved the pact…report Asian Lite News Desk The India-New Zealand Free Trade
Go toTop

Don't Miss

Punjab Stuns Chennai

Brar and Chahar applied brakes on CSK’s batting in the

Pakistan’s Punjab govt launches two new initiatives to promote investment at EXPO 2020

As part of its participation in the Expo 2020 Dubai,