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States » NorthPosted at: Nov 6 2018 4:41PM


Building on the success of Invest Punjab, the State was taking the ease of doing business to the next level by replacing multiple electronic interfaces by various regulatory departments and agencies, with the establishment of the unified Invest Punjab Business First portal, which would provide services to both existing as well as new industries for regulatory clearances and fiscal incentives, he said.
Earlier, Invest Punjab CEO Rajat Aggarwal made a power point presentation about the portal and pointed out that the detailed schemes and operational guidelines for availing Fiscal Incentives under the new industrial policy had been notified in August, followed by a new GST formula in October this year.
Under the portal, approvals for applications having more than Rs one crore Fixed Capital Investment (FCI) would be given by Punjab Bureau of Investment Promotion (Invest Punjab) and for those up to Rs one crore FCI, they would be given at the district level. Relationship Managers/Sector Officers would be assigned automatically through the portal, he disclosed.
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