Punjab Chief Minister Amarinder Singh on Tuesday assured industry players of a review of the existing policy to allow change in land user (CLU) transfer to facilitate industrial development in the State.
Capt. Amarinder apprised the industry leaders of the various incentives made available by his government to business houses seeking to invest in Punjab, with the promise to review the new industrial policy, where needed, to address the specific concerns of the industry, according to an official spokesperson.
In his interaction in New Delhi with Walmart officials, the Chief Minister said that the State government would consider CLU transfer to enable the company to expand in Punjab, where it had set up its first store in 2009.
Urging Walmart to look at further expansion in Punjab, the Chief Minister said the new industrial policy launched by his government had brought in ease of doing business and he was open to making further amendments to the policy to address major concerns of the industry.
An official statement said that Walmart officials expressed their willingness to set up 10-12 new stores in Punjab over the next 3-4 years, with the next couple of stores likely to come up in Patiala and Mohali.
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