By Accommodation Times Bureau
Punjab Chief Minister Captain Amarinder Singh on August 29 favoured privatization as a tool for development, saying the state’s new industrialization and business policy was playing a key role in bringing in private investment, with a whopping Rs.20,000 crore already committed by investors since his government took over.
Talking to US Ambassador Kenneth Ian Juster, the Chief Minister agreed with the former on the need to empower the private sector and have them fulfil their CSR responsibilities. Punjab’s new industrial policy, said Captain Amarinder Singh, was structured towards this end.
He said the new industrial policy was aimed at providing lucrative incentives and benefits to the investors and entrepreneurs who were keen to set up their ventures in the state.
Singh expressed the confidence that Punjab would soon emerge as the most favoured investment destination in the country due to its investor friendly industrial policy. He assured Juster that the state government would provide all possible support and cooperation to the American investors who wish to set up their industrial units in the state.