Punjab's new industry policy next month

New Delhi: The Punjab government is taking initiatives for ease of doing business and ensuring project clearances in 5 to 45 days across different categories. It will come up with its industry policy next month.

Sharing the details, Punjab's Industries Minister Sanjeev Arora said the government will soon announce a new Private Industrial Park Policy, allowing the private sector to set up industrial parks.


"We are going to announce a new industrial policy by January, and work is on. Whatever we come up with, one would never have seen such a policy before. We will give a run for their money to all other states," he told reporters here.

Arora said the new industrial policy will have a robust new scheme of giving clearances to new projects within 5 to 45 days.

Arora has also highlighted major corporate commitments, including investment announcements such as a Rs 300-crore injection by Infosys in Mohali.

The minister said investment projects to the tune of Rs 1.5 lakh crore have been accorded approval in the last four years, with several big corporates seeking to expand or set up shops in the state.