Chandigarh, Nov 30 (UNI) The Punjab government would soon announce its new investor friendly industrial policy to promote industrialisation in the state in a big way.
This was stated by Punjab Cooperation Minister Captain Kanwaljit Singh while addressing the inaugural session of 30th National Convention of Indian Institute of Materials Management on the theme of Supply Chain Management held in Panchkula today.
He claimed that due to cordial industry-labour relations and uninterrupted and affordable power supply, Punjab was a most favoured destination for investment.
He further said that with a view to make Punjab a power surplus state, the state government had finalised the installation of three power generation plants to ensure availability of sufficient power supply in coming four years.
However, he expressed concern over the slow growth in agri sector. He lamented that the share of agriculture sector was only five per cent of Union Budget.
He pointed out that to keep intact the food security of the country and to ensure and sustain the overall growth of the country it becomes imperative to encourage investment in agri sector.
For this purpose the Central government should come forward to strengthen the sagging agri economy, he added.