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Punjab launches 12 initiatives under 'Udyog Kranti' for industrial growth. Highlights include Fast-track portal, self-certification, and expanded Right to Business Act aiding investments and infrastructure.

Punjab Industrial Growth 12 New Initiatives Launched

Unveiling 12 initiatives, Punjab aims to boost industrial growth with efficient approval systems and infrastructure investments, fostering a seamless and corruption-free environment for investors.

Punjab unveils 12 initiatives for industrial growth, introducing a deemed approval system, a Fast-track Punjab portal, and enhanced right-to-business policies.

Punjab Chief Minister Bhagwant Singh Mann and Chief Guest Arvind Kejriwal on Tuesday unveiled 12 new initiatives to revolutionize industrial growth in the state thereby launching a new era of growth and prosperity for Punjab&rsquo;s industry under Punjab Udyog Kranti.
Divulging more details, the Chief Guest said that a set of 12 initiatives will revolutionize how industry in Punjab operates, how industry interacts with the Government and how industry can unlock value of its land and become more competitive nationally as well as globally. He said that firstly the state government will ensure deemed approval system in 45 days for all the applications thereby stipulating that all approvals and clearances for setting up a business or expanding an existing business will be issued in maximum of 45 working days, addressing one of the biggest concerns of investors - delay and uncertainty. Previously, Arvind Kejriwal said that many clearances had notified timelines of 60 to 120 working days, and actual processing often took even longer, creating unpredictability in project execution.
Now, the Chief Guest said that upon applying for a new business, within seven days the state government will review the application online and inform the applicant about deficiency, if any, the removal of which will ensure they get all approvals within the remaining 45 days. Additionally, he said that a Deemed Approval system has also been enabled and if no decision is taken by the designated authority within the notified timeline, the Fast-track Punjab portal will automatically generate an approval the next day, which holds the same legal validity as a regular clearance. Arvind Kejriwal asserted that this accountability-backed, system-driven reform makes Punjab a national model in investor facilitation surpassing even the most industrialized states such as Telangana, Karnataka (both Congress governed), Gujarat, Maharasthra (both BJP governed) and Tamil Nadu.
Secondly, the Chief Guest said that Fast-track Punjab portal has been launched as a Single-window for all approvals. He said that though previous governments in Punjab had claimed to start a single window system but all of them had proved a sham. However, Arvind Kejriwal said that for the first time in India, Punjab has established a true single window for investors where they can apply and the state government will get their approvals cleared from all departments.
The Chief Guest said that the portal provides end-to-end regulatory clearances for industry, institutional projects, and services sectors, backed by a digitally tracked workflow, auto-escalations, and real-time status updates&mdash; ensuring investors never have to &ldquo;run from pillar to post&rdquo;. Thirdly, he said that the state government has significantly expanded the scope of Right to Business Act and now if any industrialist is starting a project with an investment upto Rs 125 Crore then they won&rsquo;t even have to wait for 45 days for approvals. Arvind Kejriwal said that based on the self-declaration of industrialists, the government will give you in-Principle approvals within three days if the project is located in an industrial park but if the project is outside an industrial park, in-principle approvals in 15 days.
The Chief Guest said that these approvals will be valid for 3.5 years in which time industry has to take requisite approvals adding that this will benefit approximately 95% of project proposals in Punjab, including industry, IT units, hospitals, hotels, and educational institutions (excluding infrastructure projects, real estate and housing projects). He said that the state government will bring an amendment to the Right to Business Act in the next assembly session to implement these provisions. Arvind Kejriwal said that in another facility for investors, Punjab is now easing the processes for issuing building plan approvals and structural stability certificate as this used to be hugely time consuming and expensive for investors as they had to run behind only a handful of experts empanelled by government adding that now the state government introducing a self-certification system.
The Chief Guest said that the industrialists can get their building plan approved by any architect and the state government will accept the same. Similarly, he said that the industrialists can get their building stability certificate issued by any qualified civil/structural engineer and the state government will accept the same. Arvind Kejriwal said that there will be no more unnecessary inspections and running behind the government for approvals.
In another succor to the industrialists, the Chief Guest also announced to simplify the norms for issuing fire safety NOC in Punjab making Punjab the most progressive state in this regard across India. He said that a Self-certification system is being introduced and the fire drawings/ schemes made by empanelled architects shall be accepted by the Government. Arvind Kejriwal said that validity of Fire NoCs for industry has been revised from one year earlier to three to five years on the basis of risk classification with only hazardous industries requiring annual NoC.
The Chief Guest said that out of the 12 initiatives, four initiatives are related to providing transparency in land ownership and unlocking the value of industrial land for the investors. He said that this recognizes that land is scarce and precious in Punjab and if land value can be unlocked, it significantly impacts the competitiveness of businesses in Punjab. Arvind Kejriwal said that for the first time in India, Punjab is launching a digitally delivered Land Feasibility Certificate, issued by the Circle Revenue Officer (CRO)/ Tehsildar within a notified timeline of 15 working days.
The Chief Guest said that this service verifies land ownership, along with land zoning and sitting for an investor giving the investor comfort about his/ her land ownership. He said that this will also become a foundational clearance which will enable applying for subsequent approvals such as environmental and construction permits. Arvind Kejriwal said that Punjab&rsquo;s new plot sub-division policy allows easy division of industrial plots among family members, co-developers, or joint ventures, giving businesses the flexibility to monetize or redevelop land according to evolving needs.
The Chief Guest said that it will promote efficient land use, encourage Brownfield investment, and simplify asset management for investors. He said that the process is fully digitized with clear timelines, eligibility norms, and safeguards against misuse, ensuring a fair and transparent approach. Arvind Kejriwal said that another important initiative addresses a long-standing industry demand, allowing conversion of leasehold plots into freehold plots.
The Chief Guest said that this will be done easily through a clear and transparent framework for which a policy will be introduced by the state government. He said that this move will significantly enhance land marketability, eases access to bank loans and finance, and enables ownership-based expansion or transfer. Arvind Kejriwal said that in another landmark initiative over Rs 250 crore will be disbursed towards industry incentives in just the first quarter of FY 2025&ndash;26, exceeding the cumulative disbursed during the last Congress govt (Rs 53 Cr over 5 years) or Akali-BJP govt (no incentive disbursed).
The Chief Guest said that the state government is clearing all the backlog of incentives to be paid to investors adding that Rs 150 Crore has already been disbursed since April 2025 and by end of this month, a total of Rs 250 Cr will be disbursed, which will be a record in Punjab&rsquo;s history. He said that to ensure that land doesn&rsquo;t become a constraint for new investors, Punjab has opened up 260 industrial plots for auction across all PSIEC Focal Points adding that this landmark step addresses long-pending industry demand for industrial plots, and will give fresh momentum to catalyze project grounding and new investments across the state. Finally, Arvind Kejriwal said that the state government will invest Rs 300 crore in focal point infrastructural upgrades by November 2025 adding that building work has been already done, roads, signages, street lights, green belts, boundary walls, cleanliness and sanitation will all be brought to high quality standards in the next six months.
Similarly, the Chief Guest said that large sewerage and STP related work will be done by June 2026 adding that the state government will also develop and implement an industrial park maintenance model that ensures that Government and industry work hand in hand to upkeep the maintenance going forward. In order to ensure that all of this is realized in the field and there is no harassment to industry from field level officials or other stakeholders, he said that a robust grievance redressal system is being put into place in the Fast-track Punjab portal as well as through a call center. Arvind Kejriwal said that the state government is committed to ensure industry operates in Punjab with ease and with national/global competitiveness thus growing Punjab&rsquo;s economy and opportunities for employment.
The Chief Guest envisioned that &lsquo;Punjab Udyog Kranti&rsquo; will take Punjab and its industry towards greater heights and realize the vision of Rangla Punjab. He said that the Fasttrack Portal launched by the Punjab government led by Chief Minister Bhagwant Singh Mann marks the beginning of corruption free industrialization in the state. Arvind Kejriwal said that the 12 initiatives launched by the state government under Udyog Kranti will end the corrupt regime and era of patronage.
The Chief Guest said that this is unprecedented in the history of the country and has never been witnessed in any part of the country. Arvind Kejriwal said that earthshaking reforms are aimed at giving fillip to the industrial growth adding that those industrialists who have left the state should also come back and restart their ventures. He said that the state government is committed to facilitate these industrialists so that they can excel in their work and contribute to the economic progress of the state.

Punjab's government under Bhagwant Singh Mann disbursed Rs 180 crore to fuel industrial growth. With 72% of the Rs 250 crore budget used, efforts focus on creating hubs and easing venture barriers to promote sustained development.

Punjab Boosts Industrial Growth with Rs 180 Crore

The Punjab government has spurred industrial growth by disbursing Rs 180 crore, covering 72% of its budget. Efforts include establishing industrial hubs and cutting red tape, securing financial backing to drive sustained economic development.

Punjab's government has allocated Rs 180 crore for industrial growth, targeting economic development. With 72% of the industrial budget spent, plans include creating hubs and reducing venture barriers. Financial backing remains a priority for sustained growth.

In a powerful testament to its unwavering commitment to industrial revitalization, the Chief Minister Bhagwant Singh Mann led Punjab government has released a substantial incentive of Rs 180 crore within the first two months of the financial year 2025-26, announced Punjab Finance Minister Advocate Harpal Singh Cheema here today.
In a press communique issued from here, Finance Minister Harpal Singh Cheema further elaborated on the Punjab government&rsquo;s robust financial provisioning for the industrial sector. He revealed that a total of Rs 250 crore has been meticulously arranged for industry under various progressive policies in the budget for the financial year 2025-26, with an impressive 72 percent of this allocation already disbursed. &ldquo;This substantial investment demonstrates the AAP government's commitment to fostering a conducive environment for industrial growth and development&rdquo;, he added.
Beyond these immediate incentives, the Finance Minister Harpal Singh Cheema also assured that ample funds will also be dedicated to the crucial establishment of industrial focal points across various districts of the state, laying a strong foundation for future growth and equitable development. The proactive measures, he emphasized, are direct outcome of the "Punjab Industrial Revolution" spearheaded by the visionary leadership of Chief Minister Bhagwant Singh Mann and Aam Aadmi Party (AAP) National Convener Arvind Kejriwal. He said that the launch of the groundbreaking Fastrack Punjab portal, is set to become a historic milestone in the state&rsquo;s developmental trajectory.
Finance Minister Cheema underscored the indispensable role of industrial development in achieving the overall progress of Punjab and, crucially, in generating vital employment opportunities for the state's youth. He highlighted that alongside the financial impetus, the government is actively implementing revolutionary administrative reforms to dismantle any existing impediments to the establishment of new industries. He firmly reiterated that there will be no fiscal shortage in the earnest endeavor to foster and promote industries within Punjab.
This comprehensive approach, combining financial incentives with administrative streamlining, is poised to unlock the immense industrial potential of the state, paving the way for a prosperous and employment-rich future for all its citizens, the Finance Minister concluded.

CM Mann dedicates resources to Punjab's village growth. Rs. 13.98 crore allocated for 129 projects, with a focus on Dhuri.

Commitment of CM Mann to the Village Growth of Punjab

Bhagwant Mann commits Rs. 13.98 crore for 129 projects in Punjab villages, focusing on Dhuri's holistic transformation.

CM Mann dedicates resources to Punjab's village growth

Punjab CM Mann emphasizes rural development with Rs. 13.98 crore for 129 projects, spotlighting Dhuri's transformation.

Punjab Chief Minister Bhagwant Singh Mann on Wednesday said that the state government is committed to ensuring the holistic development of villages and is leaving no stone unturned in this noble cause.
Addressing a gathering after reviewing ongoing development works in the villages of Ghanouri Kalan, Ghanour Khurd, Kataron, and Changali, the Chief Minister said that various government departments are working in coordination with each other for the welfare of the rural population. He reiterated that Punjab lives in its villages and that the ultimate goal of a progressive and vibrant Punjab can only be achieved through clean and green villages. Bhagwant Singh Mann added that the state government has already placed major emphasis on achieving this goal.
The Chief Minister said that Dhuri will be developed as a model city through holistic development, backed by adequate funding. He said that the city will soon be equipped with world-class healthcare and educational facilities, improved roads, clean ponds, water recharging systems, and canal water irrigation. Bhagwant Singh Mann noted that significant resources have already been allocated to ensure the comprehensive development of villages in the segment.
He further stated that there is no shortage of funds for development and the state government is making all possible efforts to ensure the holistic progress of villages. The chief minister emphasized that a detailed roadmap has been drafted to boost ongoing development efforts in both urban and rural areas. Bhagwant Singh Mann also said that, in addition to development, efforts are being made to place the state on a path of high economic growth for the benefit of its people.
The Chief Minister revealed that a total of Rs. 13.98 crore has been issued for 129 development projects in these Panchayats, out of which 93 projects worth Rs. 8.67 crore have been completed. He added that 36 projects worth Rs. 5.31 crore are currently in progress and will be completed soon. Furthermore, based on the needs of the five village Panchayats, an additional grant of Rs. 12.19 crore has been issued for 32 more development projects, said Bhagwant Singh Mann.

India's healthcare sector sees a 62% growth surge in March, driven by technological advancements and an increasing demand for services, promoting inclusivity.

India's Healthcare Soars with 62% Growth

In March, India's healthcare sector experienced a remarkable 62% growth, fueled by tech advances and increasing service demand. New job opportunities rise as the sector commits to gender diversity. Women represent 38% of the workforce but only hold 4% of top positions.

India's healthcare sector sees a 62% growth surge in March

India&rsquo;s healthcare sector sees 62% growth in March, driven by tech advances, job opportunities, and a push for gender diversity.

India's healthcare sector witnessed 62 per cent year-on-year (YoY) in March, fuelled by technological advancements and rising demand for medical services, a report said on Monday.
"India's healthcare sector is entering a new era where technology and talent are driving transformative change. Our latest data highlights a sharp rise in demand for roles across AI, digital health, and informatics, reflecting a sector-wide pivot toward innovation and patient-centric care," foundit CEO V Suresh said.
The sector is creating jobs alongside a growing commitment to gender diversity and inclusion, he added.
The report is based on data on its monthly foundit Insights Tracker (fit), a comprehensive monthly analysis of online job posting activity on foundit.in platform.
Meanwhile, the report also found that the healthcare sector boasts high women representation (38 per cent of the workforce), yet leadership roles remain disproportionately male-dominated, with women holding only 4 per cent of these positions.

India's manufacturing PMI soared to 58.1 in March, an eight-month high, fueled by robust demand. Strong new orders and optimism for future output underscore the sector's health.

India Manufacturing Growth: March PMI Peak

India's manufacturing PMI soared to an eight-month high of 58.1 in March, driven by robust new orders and strong demand. The sector's growth leads to optimistic forecasts for future output.

March manufacturing surge in India: PMI hits 8-month high

India's manufacturing PMI surged to 58.1 in March, marking an eight-month high due to strong demand. The New Orders Index fueled growth, prompting firms to boost production and draw down inventories.

India's manufacturing sector growth rose to an eight-month high in March, driven by quicker increases in factory orders and production amid buoyant demand conditions, a monthly survey said on Wednesday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) was at 58.1 in March, up from 56.3 in February, indicating a substantial improvement in the health of the sector that was above its long-run average.
In February, India's manufacturing PMI fell to a 14-month low amid softer increase in new orders and production.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
Manufacturing sector growth in India recovered the ground lost in February, largely driven by a stronger contribution from its largest sub-component: the New Orders Index.
"March saw total sales expand to the greatest extent since July 2024, with companies remarking on positive customer interest, favourable demand conditions and successful marketing initiatives," the survey noted.
Accordingly, firms scaled up production volumes at the end of the 2024/25 fiscal year. The rate of expansion was sharp, above its historical average and the strongest in eight months.
Although new export orders continued to increase strongly in March, the pace of growth retreated to a three-month low. Panellists cited gains from Asia, Europe and the Middle East in terms of international sales.
"Although international orders slightly slowed, overall demand momentum remained robust, and the new orders index recorded an eight-month high of 61.5. Strong demand prompted firms to tap into their inventories, causing the fastest drop in finished goods stocks in over three years," said Pranjul Bhandari, Chief India Economist at HSBC, said.
Buoyant demand led companies to tap into their inventories to meet increased client appetite, resulting in the most rapid decline in finished goods stocks since January 2022.
The survey participants underpinned upbeat forecasts for output levels in the coming 12 months on favourable demand conditions, better customer relations and projects pending approval.
"Going ahead, business expectations remained fairly optimistic, with around 30 per cent of survey participants foreseeing greater output volumes in the year ahead, compared to less than 2 per cent that anticipate a contraction," Bhandari said.
The HSBC India Manufacturing PMI is compiled by S&amp;P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.&nbsp;

The International Monetary Fund is resetting it's global growth outlook as the Ukraine Russia war has changed economic landscape and outlook with rising commodity prices and supply disruptions.  Blaming the Russian invasion of Ukraine, the IMF while states that the global economic prospects have been severely set back. The monetary agency has thus cut global growth outlook which is now projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023. Similarly India's growth forecast has been trimmed to to 8.2% a cut of 80 bps but still making the subcontinent the fastest growing economy this year. IMF expects demand in India to be hit due to higher oil prices which will weigh on industry and households. India imports 80% of it's oil requirements. IMF warns that the war is creating a situation of persistent high inflation as  supply-demand imbalances continue to worsen. The agency in it's spring meeting has also highlighted downside risks to  this already set back outlook. Topping that list is a possible worsening of the war, escalation of sanctions on Russia, a sharper-than-anticipated deceleration in China, renewed flare-up of pandemic and also ongoing climate emergency. 

IMF: Severe setback to global growth from Ukraine Russia war, downgrades GDP

IMF downgrades growth outook, warns of risks from war & Covid

IMF downgrades growth outlook, warns of risks from war & Covid

USE IMF&nbsp;Logo:&nbsp; THE BIG GLOBAL SETBACK
<ul style="list-style-type: square;">
<li>Russian invasion of Ukraine has severely set back global economies&nbsp;</li>
<li>Global growth outlook from 6.1% in 2021 to 3.6% in 2022&nbsp;</li>
<li>India's GDP forecast cut to 8.2% from 9%</li>
<li>India to still be the fastest growing economy this year</li>
<li>Demand in India to be hit due to higher oil prices</li>
<li>Supply-demand imbalances continue to worsen</li>
</ul>
BIG RISKS AHEAD&nbsp;
<ul>
<li>Worsening of the war&nbsp;</li>
<li>Big China slowdown</li>
<li>Renewed Covid&nbsp;flare-up</li>
</ul>
&nbsp;

IMF&nbsp;warns that the war is creating a situation of persistent high inflation as supply-demand imbalances continue to worsen

The&nbsp;International Monetary Fund is resetting its global growth outlook as the <a href="https://www.editorji.com/world-news/russia-accused-of-using-bunker-buster-bombs-in-mariupol-all-you-need-to-know-1650365210359">Ukraine Russia war</a> has changed economic landscape and outlook with rising commodity prices and supply disruptions.&nbsp;
Blaming the Russian invasion of Ukraine, the IMF&nbsp;while states that the global economic prospects have been severely set back. The monetary agency has thus cut global growth outlook which is now projected to slowdown&nbsp;from an&nbsp;estimated 6.1% in 2021 to 3.6% in 2022 and 2023. Similarly India's growth forecast has been trimmed to 8.2% a cut of 80 bps but still making the subcontinent the fastest growing economy this year.&nbsp;
Also read/watch|&nbsp;<a title="UAE new visa rules: Residency made easier" href="https://www.editorji.com/business-news/uae-new-visa-rules-residency-made-easier-1650361123945">UAE new visa rules: Residency made easier</a>
IMF&nbsp;expects demand in India to be hit due to higher oil prices which will weigh on industry and households. India imports 80% of it's oil requirements.&nbsp;
IMF&nbsp;warns that the war is creating a situation of persistent high inflation as supply-demand imbalances continue to worsen.&nbsp;
Also read/watch|&nbsp;<a title="Markets see sharp fall in last hour of trade as Ukraine war escalates" href="https://www.editorji.com/business-news/markets/markets-see-sharp-fall-in-last-hour-of-trade-as-ukraine-war-escalates-1650364151248">Markets see sharp fall in last hour of trade as Ukraine war escalates</a>
The agency in its spring meeting has also highlighted downside risks to&nbsp; this already set back outlook.&nbsp;Topping that list is a possible worsening of the war, escalation of sanctions on Russia, a sharper-than-anticipated deceleration in China, renewed flare-up of pandemic and also ongoing climate emergency.&nbsp;

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