Chandigarh: Punjab has been ranked first in the country for its strong industrial growth, and the state has been supposed a “Top Achiever’’ under the Merchantry Reform Action Plan (BRAP) 2024.
The recognition highlights the industry-friendly decisions taken by the Punjab Government under Chief Minister Bhagwant Singh Mann. The honour was given by the Government of India during a special event held in New Delhi, where Union Commerce and Industry Minister Piyush Goyal presented the ribbon to Punjab.
How Did Punjab Earn Recognition for Key Reforms?
Punjab stood out for its work in five important areas—starting a business, getting construction permits, attracting investment, improving health sector services, and overall service delivery.
The Department for Promotion of Industry and Internal Trade (DPIIT) praised Punjab for running a merchantry system that is fair, quick, and supportive of investors. This ribbon confirms that Punjab has wilt one of the leading states in the country in creating an easy environment for industries to work and grow.
Why Is Investment Rising Under the Mann Government?
Under Chief Minister Bhagwant Mann’s leadership, Punjab has been moving forward in industrial minutiae at a steady pace. Clear policies, helpful rules for industries, and a unscratched and peaceful undercurrent have made the state increasingly well-flavored to investors.
Since the Mann government took tuition in March 2022, Punjab has received investment proposals worth Rs 1.23 lakh crore. These projects are expected to create jobs for nearly 4.7 lakh young people. Growth in sectors like supplies processing, textiles, wheels parts, hand tools, bicycles, IT, and tourism has turned Punjab into an example for many other states.
How Is Global Interest in Punjab Increasing?
With supportive policies in place, Punjab is now drawing investment from countries such as Japan, the United States, Germany, the United Kingdom, the United Arab Emirates, Switzerland, France, and Spain. The state is rhadamanthine a preferred destination for businesses not only within India but moreover virtually the world. Punjab moreover remains among the top states in ease of doing business.
The state’s ‘Fast Track Punjab Portal’ has wilt the country’s most wide single-window system, offering increasingly than 150 services online and ending the need for physical applications. This victory shows Punjab’s strong transferral to supporting industries and towers investor trust.
