Red letter day for Punjab industrialists- entrepreneurs got colour coded stamp papers, all clearances within 17 days-CM

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Red letter day for Punjab industrialists- entrepreneurs got colour coded stamp papers, all clearances within 17 days-CM

Kanwar Inder Singh/ royalpatiala.in News/ June 13,2023

In a major breakthrough aimed at facilitating the industrial growth in the state, the Punjab Chief Minister Bhagwant Mann today handed over unique green colour coded stamp paper to two industrialists of the state.

Handing over the stamp papers, the Chief Minister said that this a red letter day for the industrialists of the state. He said that this unique colour coded stamp papers is a step forward towards ushering a new era of Industrial Revolution in the state adding that the notification for this scheme was issued on May 12 this year. Bhagwant Mann said that Punjab is the first state to introduce green colored stamp papers to facilitate the entrepreneurs for setting up their units thereby giving much needed fillip to industrial growth of the state.

The Chief Minister described it as a revolutionary step aimed at promoting ease of doing business for the entrepreneurs desirous of setting up their units in the state. He said that any industrialist who is keen on setting his industrial unit in the state can get this unique colour coded stamp paper from Invest Punjab Portal. Bhagwant Mann said that industrialists will have to just pay various fees required for getting clearances in form of CLU, forest, Pollution, Fire and other to set up his unit while purchasing this single stamp paper only.

The Chief Minister said that after purchasing the stamp paper, these two industrialists have got all the necessary clearances from all the departments within 17 days to set up their units. He said that this first of its kind initiative by the state government will give a major fillip to the industry in Punjab. Bhagwant Mann envisioned that this will facilitate the industrialists in a big way by saving their time, money and energy.

Red letter day for Punjab industrialists- entrepreneurs got colour coded stamp papers, all clearances within 17 days-CM

The Chief Minister further said that green color stamp paper will symbolize that the industrialist has already paid the entire fee for the clearances required for industry. He announced that the same color coding will also be implemented in other sectors like housing and others to ensure optimum utilization of the land resources on one hand and facilitating the people on the other. Bhagwant Mann envisioned that this out of the box idea will emerge Punjab as a front runner state across the country in the industrial sector.

Red letter day for Punjab industrialists- entrepreneurs got colour coded stamp papers, all clearances within 17 days-CM. The Chief Minister expressed hope that this noble initiative will attract more investment in the state thereby generating new employment opportunities for the youth of the state. He reiterated the firm commitment of the state government to ensure the well being of every section of the society adding that every decision of his government is aimed towards this. Bhagwant Mann said that the day is not far when other states will also replicate this industrial friendly initiative of the Punjab government.