CM Bhagwant Mann Lays Foundation Stone of Tata Steel’s Second Largest Plant in Country

admin July 16, 2023

CM Bhagwant Mann Lays Foundation Stone of Tata Steel’s Second Largest Plant in Country

Ludhiana, October 20: Punjab Chief Minister Bhagwant Singh Mann on Friday laid the foundation stone of Tata Steel’s second largest plant in the country, which is coming up at a cost of nearly Rs 2600 crore.

The Chief Minister said that this massive investment by Tata Steel is a slap on the face of those forces that defame the state on the law and order front. He said that such investments come only in peaceful states and that this investment has proved that Punjab is today the most peaceful state in the country.

Invest Punjab is the state investment promotion agency of Punjab, India. It is a single point of contact for investors looking to set up or expand their business in the state. Invest Punjab provides a range of services to investors, including:

Information and guidance: Invest Punjab provides information and guidance on the investment climate in Punjab, the various sectors open for investment, and the incentives and support available to investors.
Facilitation: Invest Punjab helps investors in obtaining the necessary approvals and clearances from the government. It also provides assistance in land acquisition, infrastructure development, and other related matters.
Aftercare support: Invest Punjab provides aftercare support to investors, including help in resolving any operational issues they may face.
Invest Punjab is committed to making Punjab the most preferred investment destination in India. It offers a range of services and support to investors to help them succeed in the state.

Invest Punjab has played a key role in attracting investment to Punjab in recent years.

Bhagwant Singh Mann also announced that the state government will construct the road leading to the site of the plant from the National Highway.

The Chief Minister said that due to strenuous efforts made by the state government, Punjab has so far received investments to the tune of Rs 56,796 crores since mid-March 2022, and generated employment opportunities for 2.98 lakh youth. He said that during the last 18 months some of the biggest companies like Tata Steel, Sanathan Textiles, Toppan, and Freudenberg Group are making a beeline to invest in the state.

The Chief Minister also said that Punjab is well-connected to both the Eastern and Western Freight Corridors, with multiple logistics facilities, international and domestic airports, and excellent rail and road connectivity. He said that Punjab has a peaceful labor environment, with no labor unrest faced by any industrial units over three decades. Bhagwant Singh Mann further said that Punjab is one of the safest states with one of the lowest rates of cognizable crime among major industrial states in India.

The Chief Minister also said that Punjab is also home to prestigious educational institutions such as IIT, IIM, ISB, and more which are helping in providing a pool of skilled manpower to the industrialists.

Lauding the Tata Steel Limited for believing in Punjab and setting up this recycled steel plant, the Chief Minister said that the state is excited about the positive impact of this project on Punjab’s economy and the community.