Punjab’s green stamp paper initiative boosts industrial growth and transparency

The Punjab government, under the leadership of Chief Minister Bhagwant Singh Mann, has introduced the Green Stamp Paper initiative to streamline industrial land acquisition.

This online process enhances transparency and minimizes fraud risks, ensuring industries can register sale deeds smoothly after obtaining necessary approvals.

Minister Tarunpreet Singh Sond highlighted that this initiative, along with Punjab’s pro-industry policies, has attracted investment proposals worth ₹94,203 crore since March 2022.

This investment is projected to create over four lakh job opportunities. He urged industrialists to invest in Punjab, citing the state's favorable business environment and supportive policies.

He further emphasized that small and medium-scale enterprises can start their businesses with just an affidavit, with the documentation process being completed within three years. Punjab’s proactive industrial policies have made it a preferred investment destination, fostering economic growth and employment.

As the Minister of Industries, Commerce, and Investment Promotion, Sond stated that the Green Stamp Paper initiative has expedited the legal documentation process for industrialists.

The system ensures that regulatory approvals are granted quickly, reducing bureaucratic delays.

The initiative facilitates pre-approvals from six key departments—Revenue, Housing & Urban Development, Local Government, Punjab Pollution Control Board, Forests & Wildlife, and Labour & Factories.

These approvals are processed within a single-window system, making the industrial setup process more efficient and transparent.