Coming Soon: Startup Hub In Mohali

Chief Minister Amarinder Singh on December 27 gave his approval for a startup hub in Punjab. Under the project, a state-of-the-art incubation centre is proposed to be set up in Mohali. The chief minister also approved constitution of a high-level committee to draft a proposal for resettlement and rehabilitation of those who would be affected in the process of setting up such hubs in the state.

The committee will comprise Financial Commissioner Revenue, Principal Secretary Rural Development and Panchayats and Principal Secretary Finance.

The directives were issued by the chief minster while chairing the maiden meeting of the Punjab Industrial and Business Development Board, which has been set up to ensure smooth and effective implementation of the new industrial policy.

The CM directed officials to further streamline requisite permission processes to ensure congenial industrial atmosphere, besides providing a level-playing field to the interested industrialists and entrepreneurs to set up their ventures in the state.

He also reiterated his government's firm resolve to providing the basic infrastructure to industrialists for leveraging Punjab as the most-favoured investment destination in the country.

Reviewing the status of the hi-tech cycle valley to be set up at Ludhiana, the chief minister was informed that the concept plan was at the final stage and further 80 acres of land had been made available by the Dhanansu village panchayat, in addition to the already procured 300 acres.

The CM accepted the proposal to ascertain the feasibility of the land-pooling scheme while acquiring land for industrial projects across the state.

With inputs from Housing News