Punjab seeks investment from Infosys, Volvo

Bengaluru, Aug 30 (IANS) Punjab Finance Minister Manpreet Singh Badal on Friday called on Infosys co-founder and non-Executive Chairman Nandan Nilekani and Volvo Group Managing Director to seek investments in his state.

Nilekani evinced interest to develop a start-up ecosystem in view of the excellent infrastructure in the Information Technology city Mohali, an official statement said.

During the deliberations, the delegation, also comprsing Public Works Minister Vijay Inder Singla, impressed upon Bali to setup a Volvo design centre and a service centre in the state, besides opening a skill development centre to impart basic training to drivers.

The Finance Minister apprised the Volvo Group President about incentives and concessions being offered by the state.

The congenial investment climate coupled with the investor-friendly state industrial and business policy has revived the industrial growth in the state, which was reflective from huge investments worth over Rs 50,000 crore since this government assumed office in March 2017.

Highlighting the other initiatives, the minister said the Invest Punjab was a 'One Stop Office' for providing regulatory clearances on fast track and extending investment support to the prospective investors and entrepreneurs.

Additional Chief Secretary, Investment Promotion, Vini Mahajan assured all support and cooperation to the investors and industrialists.

--IANS

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