Says projects approved by SAD-BJP regime to continue in ‘Cong govt’ too
Ludhiana, November 5
Asserting that there must be continuity in the government policy on various investment and industrial projects, Punjab Pradesh Congress Committee (PCC) president Capt Amarinder Singh today made a commitment to the industry and investors that all their projects approved by the current government would continue in the next Congress government as well. He said there should not be any victimisation and harassment of the investors just because they invested during the tenure of the other government.
Making a comprehensive presentation on "Developing Vision Punjab" during a conference organised by the Confederation of Indian Industry at Ludhiana today, Capt Amarinder also promised to bring in a special legislation to ensure transparency in awarding the contracts, besides introducing the Fiscal Responsibility Act. Announcing that the Congress government will introduce the self-certification process to cut red tape, he stated that the government's role should be facilitative.
Responding to the demands of the industry representatives, who apprised him that 14 clearances were required to start a project, he said the government would be there only to facilitate and assist, and not to interfere or impede.
Expressing concern over the fiscal health of the state, with the total debt crossing Rs 1.72 lakh crore, he announced that the Fiscal Responsibility Act would be brought in to restrict the government power on borrowing. "We cannot go on borrowing wantonly and push the state to bankruptcy," he added.
Ludhiana, November 5
Asserting that there must be continuity in the government policy on various investment and industrial projects, Punjab Pradesh Congress Committee (PCC) president Capt Amarinder Singh today made a commitment to the industry and investors that all their projects approved by the current government would continue in the next Congress government as well. He said there should not be any victimisation and harassment of the investors just because they invested during the tenure of the other government.
Making a comprehensive presentation on "Developing Vision Punjab" during a conference organised by the Confederation of Indian Industry at Ludhiana today, Capt Amarinder also promised to bring in a special legislation to ensure transparency in awarding the contracts, besides introducing the Fiscal Responsibility Act. Announcing that the Congress government will introduce the self-certification process to cut red tape, he stated that the government's role should be facilitative.
Responding to the demands of the industry representatives, who apprised him that 14 clearances were required to start a project, he said the government would be there only to facilitate and assist, and not to interfere or impede.
Expressing concern over the fiscal health of the state, with the total debt crossing Rs 1.72 lakh crore, he announced that the Fiscal Responsibility Act would be brought in to restrict the government power on borrowing. "We cannot go on borrowing wantonly and push the state to bankruptcy," he added.
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