What Are the 12 Initiatives Unveiled by Punjab CM Mann and Kejriwal for Industrial Growth?
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Synopsis
Punjab's Chief Minister Bhagwant Mann and former Delhi CM Arvind Kejriwal have launched 12 initiatives aimed at revolutionizing the industrial landscape of Punjab. This transformative approach promises rapid approvals and enhanced investor facilitation, setting a new standard for industrial growth in the region.
Key Takeaways
- The Punjab government has launched 12 initiatives aimed at industrial growth.
- A 45-day approval process for business applications will be implemented.
- The deemed approval system allows for automatic approvals if no decision is made in time.
- Significant changes to the Right to Business Act will expedite approvals for small projects.
- The initiative aims to make Punjab a national model in investor facilitation.
Chandigarh, June 10 (NationPress) The Chief Minister of Punjab, Bhagwant Mann, alongside former Delhi Chief Minister, Arvind Kejriwal, introduced a comprehensive suite of 12 initiatives aimed at fostering industrial growth in the state, marking the beginning of a new chapter of prosperity for Punjab's industrial sector.
Kejriwal elaborated that these initiatives are designed to fundamentally transform the operational dynamics of the industry in Punjab, enhance interactions between the industry and the government, and allow businesses to maximize the value of their land, thereby increasing their competitiveness on both national and global scales.
As a pivotal first step, the government will implement a deemed approval system that guarantees all applications are processed within 45 working days. This initiative ensures that all necessary approvals and clearances needed to establish or expand a business will be completed within this timeframe.
Previously, many required clearances had timelines ranging from 60 to 120 working days, often leading to delays that hampered project execution.
Under the new system, once an application for a new business is submitted, the government will conduct an online review within seven days and notify the applicant of any deficiencies. Correcting these deficiencies will allow applicants to receive all necessary approvals within the remaining 45 days.
Moreover, if the designated authority fails to make a decision within the established timeline, the fast-track Punjab portal will automatically generate an approval the following day, which holds the same legal validity as conventional clearances.
Kejriwal claimed that this reform, supported by accountability and a system-driven approach, positions Punjab as a national leader in investor facilitation, outpacing even the most industrialized states like Telangana, Karnataka, Gujarat, Maharashtra, and Tamil Nadu.
The portal ensures comprehensive regulatory clearances for various sectors, including industry and institutional projects, streamlined through a digitally tracked workflow, auto-escalations, and real-time status updates, allowing investors to avoid unnecessary bureaucratic hurdles.
Additionally, the government has broadened the scope of the Right to Business Act, which means that industrialists planning projects with investments up to Rs 125 crore will not need to wait 45 days for approvals.
Based on the self-declaration from industrialists, the government will provide in-principle approvals within three days for projects located within an industrial park, while approvals for projects outside such parks will be granted within 15 days.
Point of View
The unveiling of these initiatives by Punjab's leadership signifies a pivotal shift towards enhancing the business environment in the state. By prioritizing efficiency and investor-friendly policies, these reforms align well with the broader national agenda of promoting industrialization and economic growth. It is crucial for Punjab to maintain this momentum to establish itself as a competitive industrial hub in India.
NationPress
12/06/2025
Frequently Asked Questions
What are the key features of the new initiatives?
The initiatives include a 45-day deemed approval process for applications, automatic approvals if no decision is made within the timeline, and a significant expansion of the Right to Business Act.
How will these changes impact investors?
These reforms will streamline the approval process, reduce bureaucratic hurdles, and enhance the overall investment climate in Punjab, making it more attractive for businesses.
What is the significance of the deemed approval system?
The deemed approval system ensures that if authorities do not respond within the stipulated time, approvals are automatically granted, enhancing accountability and efficiency.
Are there any prerequisites for obtaining approvals?
For projects up to Rs 125 crore, approvals can be granted based on self-declaration, significantly reducing wait times for industrialists.
How does Punjab compare to other states regarding these reforms?
Punjab's initiatives are positioned to surpass those of more industrialized states like Telangana and Karnataka, setting a new benchmark for investor facilitation in India.
