The News Freedom
Ludhiana, October 20
Punjab Chief Minister Bhagwant Singh Mann said on Friday that massive investment made by the prestigious Tata group in the state will herald a new era of industrial development and progress in the state. The Chief Minister, while addressing the gathering after performing the ground breaking ceremony of Green Steel Plant coming up at cost of nearly Rs 2600 crore, said that Tata is a renowned company across the globe and the huge investment made by this prestigious company in the state will inspire other companies to follow suit.
He said that this is the second largest plant by Tata group in the country after Jamshedpur adding that this is the company of Patriots who have played a pivotal role in national freedom struggle. Bhagwant Singh Mann said that besides opening new avenues of employment for the youth, this project will act as a catalyst in giving fillip to industrial development of the state.
The Chief Minister said that this whopping investment is a slap on the face of those forces that defame the state on the law and order front. He said that such investments come only in peaceful states adding that this investment has proved that Punjab is today the most peaceful state in the country. Bhagwant Singh Mann announced that the state government will construct the road leading to the site of the plant from the National Highway.
The Chief Minister said that Punjab is known for its spirit of enterprise, which is bolstered by the warm and welcoming people of the state. He said that this spirit of dynamism has allowed Punjab to become the most preferred investment destination in the country. Bhagwant Singh Mann said that due to strenuous efforts of the state government Punjab is today the first choice for investment of many global giants.
The Chief Minister said that due to massive efforts made by the state government, Punjab has so far received investments to the tune of Rs 56,796 crores since mid-March 2022, and generated employment opportunities for 2.98 lakh youth. He said that during the last 18 months some of the biggest companies like Tata Steel, Sanathan Textiles, Toppan, and Freudenberg Group are making a beeline to invest in the state. Bhagwant Singh Mann said that as promised by his government they had taken a path breaking initiative of organizing the ‘Sarkar Sanatkar Milnis’ to facilitate the industrialists.
Lauding the Tata Steel Limited for believing in Punjab and setting up this recycled steel plant, the Chief Minister said that the state is excited about the positive impact of this project on Punjab’s economy and the community. He assured fulsome support and cooperation to Tata Steel Limited in Punjab for times to come. Bhagwant Singh Mann wished a bright future for Tata Steel in the state and described it as the dawn of a new era.
In his address CEO and MD of Tata Steels, TV Narendran, profusely thanked the Chief Minister for ensuring that all the clearances are given in a stipulated and time bound manner. He said that the plant will be ready and operational within the coming 18 months adding that Punjab has become the second home of Tata Steels. Narendran said that Punjab had pioneered the green revolution in the country and now Green Steelmaking Revolution will also be heralded by the state.