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Punjab makes a pitch for investments from Taiwan
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SME Times News Bureau | 22 Jul, 2019
A high-level delegation of
officials of the Punjab government and industrialists left for Taiwan on
Monday to discuss potential economic and trade partnerships, talent
exchanges and resource sharing.
Punjab has selected Taiwan as a
focus country owing to various investment opportunities and potential
business synergies possible in categories of bicycle and its components,
electric vehicles, electronics, light engineering, auto components,
skill development and textiles, a spokesperson for the state said.
Additional
Chief Secretary Vini Mahajan and Invest Punjab CEO Rajat Agarwal will
be addressing the gathering at the Taiwan-ASEAN-India Strategic
Partnership Forum in Taipei and Hsinchu to showcase the readiness of
Punjab to cater to the industrial requirements of Taiwanese companies.
They
will apprise Taiwanese investors of the significant reforms undertaken
by the state, including a blend of policy level changes, simplification
of processes and implementation of technology-based solutions to create a
business-friendly ecosystem.
Punjab will also leverage this forum to solidify its presence as a preferred investment destination among other ASEAN countries.
To
promote industries, Punjab is also adopting measures like cluster
approach with the creation of industrial sites like Hi-Tech Valley in
Ludhiana where 380 acres dedicated to electronic vehicles, battery
manufacturing and bicycle manufacturers and MediCity in Mohali for
setting up a multi or super speciality hospitals and medical colleges.
State-based
corporates like Managing Director Hero Electric Naveen Munjal, Vice
Chairman of Trident Ltd Abhishek Gupta, Director of Hero Cycles Abhishek
Munjal, Lovely Professional University New Investment Head Pratham
Mittal, New Swan Group Managing Director Upkar Singh Ahuja and NP Group
Director Rohit Mittal are accompanying the government delegation.
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