The Punjab Government has made its priorities clear, placing growth on mind and moving to approve new industrial units in just five days. With growth on mind, the government aims to attract major investments and accelerate economic expansion across the state. The new system promises a smoother, faster, and more transparent process for entrepreneurs.
Industries Minister Sanjeev Arora said the government will now clear all approvals for green-category industrial units inside a focal point or industrial park within only five days. If the unit is located outside these zones, Invest Punjab will grant deemed clearance within 15 days. Brownfield expansions will take 18 days.
Arora added that Chief Minister Bhagwant Mann unveiled the amended Right to Business Act before industrialists, ensuring an investor-friendly ecosystem. He stressed that any delay in construction or operational permissions will lead to disciplinary action against responsible officials. After the stipulated timeline, the project will receive deemed approval. However, investors must secure all remaining approvals within three years of starting operations.
The government has also introduced a single digital gateway to simplify entry and exit procedures for entrepreneurs. Along with this, Punjab will offer new fiscal and non-fiscal incentives and bring labour reforms to strengthen its industrial climate.
