MoUs obsolete, we are signing MoDS with industrialists to give fillip to industry: Punjab CM

24 February 2023 Mohali Punjab Chief Minister Bhagwant Mann during the fifth Progressive Punjab Investors’ Summit 2023 at Mohali on Friday. PHOTO-PRABHJOT GILL MOHALI

SAS Nagar : Terming that Memorandum of Understanding (MoU) is obsolete in state now, the Punjab Chief Minister Bhagwant Mann on Friday said that the state government is currently signing MoDS (Memorandum of Dil Se) with the industrialists to give fillip to industrial development in state.

Addressing the gathering during the valedictory function on the second day of Progressive Punjab Summit, the Chief Minister said that MoDS is a sacred agreement directly from heart and is totally based on mutual trust and zeal to make Punjab a front runner state in industrial sector. He said that earlier practice of forceful MoUs by arm twisting of industrialists has now withered away. Bhagwant Mann said that today the focus is to ensure massive industrialisation in the state.

Punjab Chief Minister said that those who have participated in this summit have came on their own just to be partner in socio-economic growth of the state. He said that as per their target audience the companies are exploring the possibilities of their expansion in the state. Bhagwant Mann said that this will propel progress and prosperity in the state thereby creating new job opportunities for the youth.

Chief Minister also announced that every year the state government will organise sectoral summits in every quarter of fiscal year for giving further boost to the industry. He said that this is the need of hour to put the state on path of high growth trajectory. Bhagwant Mann said that this will also help in giving much needed push to the sectoral development of industry in the state.

Punjab CM  reiterated the commitment of his government to make Punjab a vibrant, progressive and prosperous state. He said that with the active support and cooperation of the industry this task will be accomplished soon. Bhagwant Mann said that from day one his motive is to create more and more jobs for the youth to wean them away from drug menace by channelising their energy in a positive direction.

Punjab  Chief Minister expressed hope that the industrialists had a great experience during their stay in the state. He asked them to be messengers of the state for conveying the salient features of state like ease of doing business and most conducive business environment to their colleagues in other states. Bhagwant Mann said that the motive is to ensure maximum investment in the state to make it the industrial hub of the country.