Mann urges Punjabi diaspora in Seoul to assist appeal to Korean investments to Punjab. India Information – The Occasions of India


Punjab Chief Minister Bhagwant Mann on Sunday referred to as on the Punjabi diaspora in Seoul, South Korea to behave as model ambassadors of the state and encourage Korean firms to put money into Punjab, which he mentioned has emerged as a most well-liked international funding vacation spot.Interacting with members of the Punjabi neighborhood throughout his go to to South Korea, Mann mentioned industry-friendly insurance policies have already drawn traders to Punjab and urged the diaspora to additional assist the state’s push for funding, in response to an official assertion.He mentioned Punjabis are “born entrepreneurs” and confused the necessity for collective efforts to position the state on a stronger industrial development path. The chief minister mentioned the state authorities has created conducive circumstances for industries and mentioned it was time for abroad Punjabis to contribute to their motherland.Mann mentioned enhanced investments would create employment alternatives for youth and enhance industrial development, contributing to the imaginative and prescient of a ‘Rangla Punjab’. He lauded the worldwide achievements of Punjabis, noting their arduous work, innovation and power.He mentioned his authorities goals to make Punjab a most well-liked international hub for {industry} by making certain coverage stability, speedy decision-making and a governance system that values ​​investor belief. The state’s method relies on shut partnership with {industry} and enabling development by addressing traders’ wants, he added.Mann additional mentioned Punjab has strengthened its infrastructure, expanded its industrial capability and opened new avenues for funding.He highlighted governance and regulatory reforms, together with the single-window system providing 173 providers, auto-deemed approvals, PAN-based enterprise identifiers and amendments to the Punjab Proper to Enterprise Act for time-bound clearances.Greater than Rs 1.4 lakh crore of on-ground investments have already been facilitated, the chief minister mentioned.He mentioned partnership between authorities and {industry} is vital to success and the state authorities firmly believes that industrial development can solely be achieved when the 2 work as equal companions.Managing Director of Aran Worldwide Chodda Akash evinced curiosity in investing within the meals processing sector, whereas eminent scholar Dr Lakhvinder Singh welcomed Punjab’s initiative to carry an funding roadshow in South Korea, significantly in protection and aerospace.Meenakshi Pawar, chairperson of the Punjabi Affiliation in Korea, mentioned the high-level go to from Punjab after a protracted interval would open new avenues for long-term cooperation.Earlier, Mann met Ambassador of India to the Republic of Korea Gourangalal Das and outlined Punjab’s imaginative and prescient to deepen financial and technological collaboration in sectors equivalent to meals processing, agri-tech, renewable power, manufacturing, defence, aerospace and concrete infrastructure.The chief minister highlighted Punjab’s evolving industrial ecosystem, progressive insurance policies, and aggressive benefits that place the state as a strategic gateway to North India.On Monday, the Punjab delegation will maintain conferences with main Korean companies together with Daewoo E and C, GS E and C and Nongshim to discover alternatives in building engineering, infrastructure and superior meals processing. Mann will later attend a roundtable on ease of doing enterprise in Punjab with authorized companies, traders and enterprise associations.The chief minister is main a delegation to Japan and South Korea as a part of the state authorities’s outreach forward of the sixth Progressive Punjab Traders’ Summit to be held in Mohali from March 13-15, 2026.