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JOINT DELEGATION OF PUNJAB GOVERNMENT AND BUSINESS LEADERS TAIWAN VISITING

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Chandigarh, July 22, 2019 (Sonia): A delegation from Invest Punjab, the investment promotion and facilitation agency of the State of Punjab, is visiting Taiwan from 22nd to 27th July to discuss the potential economic and trade partnerships, talent exchanges, and resource sharing between Punjab and Taiwan.

Economic relations between India and Taiwan have deepened in the past decade. The updated Bilateral Investment Agreement, signed between India-Taipei Association (ITA) and Taipei Economic and Cultural Center in India (TECC) in December 2018, ensures protection for Taiwanese business investments in India, in line with international standards and the rights of Taiwanese investors. Several agreements to facilitate trade, investments and technological collaborations have been signed in recent years.

Punjab has selected Taiwan as a focus country due to the plethora of investment opportunities and potential business synergies possible in the Bicycle and Bicycle Components, Electric Vehicles, Electronics, Light Engineering, Auto Components, Skill Development and Textiles sectors.

ACS Investment Promotion Smt. Vini Mahajan and CEO Invest Punjab Mr. Rajat Agarwal will be addressing the gathering at Taiwan-ASEAN-India Strategic Partnership Forum in Taipei and Hsinchu to showcase the readiness of Punjab to cater to the industrial requirements of Taiwanese companies. They will apprise the Taiwanese investors of the significant reforms undertaken by the State of Punjab including a blend of policy level changes, simplification of processes and implementation of technology-based solutions to create a business-friendly ecosystem. Punjab will also leverage this Forum to solidify its presence as a preferred investment destination among other ASEAN countries.

To promote industries, Punjab is also adopting measures like cluster approach with the creation of industrial sites like Hi-Tech Valley in Ludhiana (380 acres dedicated to EV, battery manufacturing, bicycle manufacturers etc.), MediCity in Mohali (250 acres dedicated to setting up a multi/super specialty hospitals, medical colleges etc.), IT City in Mohali (1688 acres) and a new Electronic City under development.

​To discuss business partnerships, the esteemed senior leadership of Punjab-based corporates including Managing Director Hero Electric Mr. Naveen Munjal, Vice Chairman Trident Limited Mr. Abhishek Gupta, Director Hero Cycles Mr. Abhishek Munjal, New Investment Head Lovely Professional University Mr. Pratham Mittal, Managing Director New Swan Group Mr. Upkar Singh Ahuja, and Director NP Group Mr. Rohit Mittal, are accompanying the government delegation.

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Sidhu allowed to accompany Sikh ‘jatha’ to Pak

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New Delhi, 8 Nov : Congress leader Navjot Singh Sidhu has been allowed by the government to accompany the Sikh ‘jatha’ that will travel to Darbar Sahib Gurudwara in Pakistan via the Kartarpur Corridor on November 9, sources said here on Thursday.

The Ministry of External Affairs has, however, denied Sidhu, a former state minister in Punjab, the permission to travel to Pakistan via Wagah. Pakistan had extended Sidhu the first invitation for the event and had even offered him a visa.

The ‘jatha’ will travel to Darbar Sahib Gurudwara, a holy shrine of the Sikh religious community in Pakistan, using the corridor which will be thrown open for the first time on November 9.

Sidhu had written to the External Affairs Minister S. Jaishankar seeking permission to travel to the holy shrine via Attari-Wagah, which would require Pakistan visa. He wrote that if he didn’t “get response to his third letter seeking permission to visit Pakistan, then he will proceed as a devotee on an eligible visa”.

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Snowfall in Kashmir damages apple orchards, cripples life

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