Progressive Punjab Summit concludes with ‘big announcements’
Progressive Punjab Summit ended on Thursday with some major announcements of investment by country’s leading corporates in the state. According to the reports, total investment commitments of Rs 1.15 crores were made by India’s top companies. At the valedictory event, Deputy CM Sukhbir Singh Badal announced that a start up fund of Rs 100 crore is being set up to help young entrepreneurs. Electronic company Videocon has announced to invest Rs 500 crore in Mohali to establish a mobile manufacturing unit. Jewellery maker Geetanjli has promised to create a jewelry park in Amritsar with an investment of Rs 1200 crore.
Reacting to the news of Progressive Punjab Summit and over the hype of promised investments, former CM Capt.Amrinder Singh , has asked the state government what happened to the promises made during last year’s summit.
He said that during last year’s summit, investment commitments of Rs 65,000 crores were made and the government should give details about the status of those investments. He said that rest of the country sending trained professionals, doctors, scientists and engineers to other countries and Punjab government is talking about training labourers and drivers to send them to Saudi Arabia for menial jobs. He further said that existing industries in Punjab are either shutting down or moving out of the state and the government is inviting others to invest.