77 PLOTS ALLOTTED ACROSS PUNJAB: SANJEEV ARORA
(MOREPIC1) Face2News/Chandigarh
The e-auction conducted by the Punjab Small Industries and Export Corporation for allotment of industrial plots in various Industrial Focal Points across Punjab has concluded with an overwhelming response from entrepreneurs and investors, Punjab Industries, Commerce and Investment Promotion Minister Sanjeev Arora said on Tuesday, terming it a strong endorsement of the Bhagwant Mann Government’s pro-industry approach.
Industries and Commerce Minister Sanjeev Arora said, “We are happy to announce that 77 plots have been successfully allotted. The cumulative base value of these plots was approximately ₹72.50 crore, whereas the final bids received amounted to an impressive ₹163.50 crore, reflecting more than double appreciation over the reserve price.”
The Minister stated that the extraordinary response clearly demonstrates the robust demand for industrial land, renewed investor confidence, and the growing attractiveness of Punjab as a preferred investment destination. “The significant price realization underscores the strategic location, infrastructure readiness, and immense development potential of the Industrial Focal Points,” he added.
Minister Sanjeev Arora further stated, “The successful completion of the e-auction with such outstanding results highlights strengthened investor confidence in the State’s industrial policies and governance framework. It has ensured substantial revenue generation, which will further support infrastructure augmentation and industrial ecosystem development. It also reflects a strong and positive market sentiment, indicating accelerated industrial and economic growth in the State.”
Referring to the broader vision behind Punjab’s industrial push, Cabinet Minister Sanjeev Arora said, “Under the visionary leadership of AAP National Convenor Arvind Kejriwal and CM Bhagwant Singh Mann, investors have demonstrated strong confidence in the State’s progressive industrial policies.”
He reiterated that the Punjab Small Industries and Export Corporation remains steadfast in its commitment to ensuring transparency in allotment processes, facilitating ease of doing business, attracting fresh investments, and fostering sustainable industrial growth across Punjab. “Further phases of allotment and development initiatives will continue to be undertaken to meet the increasing demand from the industrial sector,” he added.
