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Progressive Punjab Investor Summit, Mohali 9-10 th December, 2013 Summit Report
Transcript

Progressive Punjab Investor

Summit, Mohali

9-10th

December, 2013

Summit Report

Contents

I. Overview ......................................................................................................... 3

II. Tagline and Logo .............................................................................................. 4

III. Industry participation ....................................................................................... 4

IV. Memoranda of Understanding (MoUs) ............................................................. 6

Session proceedings ................................................................................................. 7

V. Inaugural Session Proceedings .......................................................................... 7

VI. Housing, Infrastructure and Renewable Energy sector in Punjab-

Propelling Sustainable Infrastructure ...................................................................... 13

VII. Biosciences & Healthcare sector in Punjab: Revolutionizing Punjab’s

Healthcare & Biosciences Industry .......................................................................... 19

VIII. Information Technology sector in Punjab: The emerging destination for

IT/ITeS and Electronics Sector ................................................................................ 23

IX. Agro and Food Processing sector in Punjab: Beyond the Green Revolution ...... 28

X. Light Engineering and MSME sector in Punjab: Towards Engineering

Excellence .............................................................................................................. 32

XI. Focus Taiwan-Business opportunities with Taiwan .......................................... 36

XII. Textiles sector in Punjab: From Fibre 2 Fashion ........................................... 42

XIII. Skills sector in Punjab: Skilling for Inclusive Growth ..................................... 44

XIV. Valedictory Session Proceedings ................................................................. 50

XV. Learning Points ........................................................................................... 56

I. Overview

The Progressive Punjab Investors Summit held in December 2013 at Mohali, was an event that

has marked the beginning of accelerated industrial progress in Punjab. The first version of this

landmark event showcased the State’s strengths, progressive stand, governance initiatives and

investor-friendly climate, besides its vibrancy.

The focus areas identified for this summit were a good mix of established and sunshine sectors

as well as areas to support growth in these sectors. These focus areas included Agro and Food

Processing, Textiles, Light Engineering, IT, Hardware and Electronics, Biosciences and

Healthcare, Skills and Infrastructure. These major areas were highlighted through 8 panel

discussions at the Summit besides the presence of key dignitaries from these fields.

As a run up to the Progressive Punjab Summit 2013, the Government of Punjab held a series of

investor meets in key cities in India such as Delhi NCR, Bengaluru and Mumbai and an

international meet at Taiwan. These investor meets reached out to larger audience as well as

one-to-one meetings with key industry groups.

The Progressive Punjab 2013 Summit was a landmark event both in coverage and scale. A total

of 989 delegates attended the Summit. Memoranda of Understanding (MoUs) worth INR 65,000

crores were signed during the Summit. Key industry leaders graced the occasion including Mr.

Mukesh Ambani (Reliance Industries), Mr. LN Mittal (Arcelor Mittal), Mr. Sunil Kant Munjal

(Hero Group), Mr. YC Deveshwar (ITC), Mr. Onkar Kanwar (Apollo Tyres), Dr. Kiran

Mazumdar Shaw (Biocon), Mr. Malvinder Singh (Fortis), Mr. GVK Reddy (GVK), Mr. Ira

Gumberg (JJ Gumberg), Mr. SP Oswal (Vardhman), Mr. Arun Sawhney (Ranbaxy), Mr. Rajiv

Singh (DLF), Mr. John H. Lin (CTCI Taiwan, Mr. Ness Wadia (Wadia Group), Mr. Rajinder

Gupta (Trident), Mr. Kamal Oswal (Nahar International), Mr. Vineet Nayyar (Tech Mahindra),

Mr. Kurush Grant (ITC) and Dr. Ajit Rangnekar (ISB). During the Summit, key industry leaders

discussed issues as well as progressive recommendations to enhance productivity, progress and

growth in the focus areas.

The event was held at Indian School of Business (ISB), Mohali campus on 9th and 10th of

December, 2013. Multiple visits to the campus were held by government officials, CII and

KPMG team members to ascertain the logistics and the layout of the campus. ISB provided IT

support and dedicated manpower for providing information about the venue logistics. All the

sessions and the exhibition took place inside the campus.

II. Tagline and Logo

APCO Worldwide partnered with the Government of Punjab to position Punjab as an investment-friendly

state and to attract investments into the state from domestic and multinational corporates. To achieve this

goal, APCO created a three-pronged branding and communication strategy encompassing advertising

campaigns to showcase Punjab’s offerings for potential investors, focussed public relations campaign to

showcase government’s commitment towards making Punjab an ideal investment destination and

promoting Progressive Punjab Investor’s Summit at relevant platforms. APCO created the brand

‘Progressive Punjab - Opportunities Unlimited’ and created all the branding (logo, event invites,

presentation templates, Punjab information collateral, event passes, branding at event venue, etc.) and

communication collaterals (advertisements, advertorials, hoardings) for the same.

III. Industry participation

The 2-day event kicked off with an inaugural session which was was graced by industry stalwarts

comprising of Mukesh Ambani, LN Mittal, YC Deveshwar, Kiran Mazumdar, Malvinder Singh, Sunil

Munjal, GVK Reddy, Arun Sawnhey, Omkar Kanwar, Sunil Mittal, Rajiv Singh, S.P. Oswal, John Linn

& Ira Gumberg.

The panel sessions were widely attended by industry players, experts and stakeholders from the respective

sectors. The session-wise participation consisted of the following:

Sector Delegates Sector Delegates

Infrastructure 163 Light Engineering 107

Agro & Food Processing 156 Taiwan 94

Skills 136 Biosciences 92

Textiles 108 IT 70

HEALH & BIOSCIENCES

1. Kiran Mazumdar -Biocon

2. Ashish Bhatia - Fortis

3. K.G Ananthakrishnan-

Merck

4. Rajiv Gulati- Ranbaxy

5. Ajay Bakshi – Max

AGRI & FOOD PROCESSING 1. Sachid Madan- ITC

2. Siraj Chaudhry - Cargill

3. Venkatesh Kini -Coca Cola

4. B.S.Dhillon - PIU

5. Rajiv Wakhle – Pepsi

INFRA 1. Arvind Mahajan - KPMG

2. Pradeep Singh -ISB

3. Mohit Gujral -DLF

4. SK Roongta -Vedanta

5. Ravi Khanna -Aditya Birla

6. Krishna Ram Bhupal –

GVK

IT/ITeS 1. Biren Ghose -Technicolor

2. Pankaj Mohindroo -ICA

3. Sanjeev Gupta –

Accenture

4. Sanjeev Keskar -IESA

5. Omkar Rai –STPI

6. Vishal Dhar –iYogi

TAIWAN 1. John. H. Lin - CTCI

2. Susan Wang - AFTA

3. Hur-Lon Lin - Green

Energy

4. Mark Lee - TEEMA

5. Kamal Oswal – Nahar

SKILLS 1. Mohandas Pai -Manipal

2. JP Rai -NSDA

3. Atul Bhatnagar -NSDC

4. Arun Kumar Pillai -IL&FS

5. HN Shrinivas -Taj Hotels

6. Subash Bijlani –Maryland

TEXTILES 1. Rajinder Gupta -Trident

2. Ness Wadia –Wadia

Group

3. D L Sharma,-Vardhman

4. Kamal Oswal -Nahar

5. Amar Choudhry -Arvind

6. SS Arora -Rainbow Denim

LIGHT ENGINEERING 1. Y. Saboo -KDDL

2. U.S Ahuja -New Swan

3. Group

4. Mahesh Munjal-Majestic

5. D. Swaminathan -Manipal

.

The summit was concluded by a valedictory session with eminent leaders on the dais comprising Ness

Wadia, Kurush Grant, Vineet Nayyar, Ajit Rangnekar, Rajinder Gupta and Kamal Oswal.

Some of the other key delegates that attended the Summit included Anirudh Dhoot (Videocon), Ramdas

Kamath (Infosys), Rakesh Bamzai (Biocon), Raman Gopal (Hinduja), G.S. Boparai (Fiat), Raman Gopal

& AK Das (Hinduja), Manmohan Shetty (Adlabs), Sanjiv Puri (ITC), I.S.Paul (Drish Shoes), Sachit Jain

and Suchita Jain (Vardhman), Chander Gidwani (Centrum), Y Watanabe & E Seko (SML Isuzu), SK

Mathur (Max India), Dr Jyotsna Suri (Lalit Hotels), Ajay Bector (Cremica), Ashok Oswal (Vardhman

Polytex), Daman Oswal (Nahar), U. Ramachandran (Amity) and Ramesh Suri (Subros).

The Hon’ble Chief Minister, Deputy Chief Minister and Chief Secretary had one- on-one meetings with

key CXO’s and promoters to discuss prospects and issues. Some of these were: YC Deveshwar, Kurush

Grant and Sanjiv Puri (ITC) Mohandas Pai and Swaminathan (Manipal Group), Venkatesh Kini (Coca

Cola), Vineet Nayyar (Tech Mahindra), H.E. Daniele Mancini (Ambassador of Italy to India), KG

Ananthakrishnan (MSD India), Prab Das (HMEL), Siraj Choudhary (Cargill), Pavan Khaitan (Kuantum

Papers), Manmohan Shetty (Adlabs), Ramdas Kamath (Infosys), Jaspal Deol (Allianz LLC), Y. Watanabe

and E. Seto (SML-ISUZU), Ajay Shirodkar (Kirloskar Brothers), Ashutosh Jain (Venus Remedies), Ravi

Khanna (Aditya Birla Solar), Udit Seth (Transtadia), SS Arora (Rainbow Denim) and the Taiwan

Delegation.

Email invites for the event were sent to all the 7,046 invitees. Physical invites were also sent to all the

invitees in the Platinum, Embassy, Taiwan, and Gold categories.

Panelists and members on the Dais were provided with hotel accommodations and re-imbursement for

their travel costs. The participants were also provided with the opportunity to interact one to one with

senior ministers and officials of the state government on request basis.

Category No. of Invitations Sent Facilities

Embassies 30 Pass for all the sessions

Parking Facilities

Liaison officer

Hosted as State guests by Government of

Punjab

Exclusive Resting Area

Delegates from Taiwan 31 Pass for all the sessions

Parking Facilities

Liaison officer

Hosted as State guests by Government of

Punjab

Exclusive Resting Area

Platinum 289 Liaison officer to provide on-site assistance

to the delegate

Pass for all the sessions

Parking Facilities

Exclusive resting area

Gold 639 Pass for all the sessions

Parking Facilities

Exclusive resting area

Associations 6 Pass for all the sessions other than

Inaugural & Valedictory Session

Blue 6050 Pass for all the sessions (other than

Inaugural & Valedictory Session)

Total Invitations Sent 7045

The knowledge collateral, presentations, and city profiles (including key project profiles) were prepared

by KPMG. The content for the same was obtained from the concerned government departments. The

knowledge collateral included an overview on Punjab as an ideal investment destination, along with

sector briefs including opportunities for investments, incentives, sub sectors etc. for the following sectors

in the state: Agro & Food Processing, Light Engineering, Information Technology, Textiles, Skills,

Infrastructure & Biosciences and Healthcare. The city profiles included detailed descriptions of key

industrial cities in Punjab (Ludhiana, Mohali, and Amritsar) along with project profiles for key

opportunities in these cities. Presentations were prepared for the different sessions based on the content

sought from primary and secondary sources.

The following activities were precursors to the summit:

Preparation of knowledge content

Preparation of agenda

Preparation of session presentations

Finalization of Dias and Panel Invitees

Preparation of speeches for government officials

Preparation of venue

Identification of sectors & corporates for the meetings

Coordinating with liaison officers

Setting up of one to one meetings

Sending confirmation emails with details of the summit

Preparation of delegate profiles

Selection of topics for discussion in the sessions

IV. Memoranda of Understanding (MoUs)

A total of 128 MoUs were signed during the Summit. The sector-wise breakdown is below:

Sector Number of MoUs Amount (In INR cr.)

Infrastructure 11 9,005

Manufacturing/ IT 19 11,107

Agro /Food Processing 61 4,147

Biosciences and Healthcare 7 3,670

Entertainment 2 2,250

Skills 3 1,068

Real Estate 24 34,347

Others 1 2,000

Total 128 66,936

Session proceedings

V. Inaugural Session Proceedings

1. Introduction by Dr. Iqbal Judge, Associate Professor, Government College for Girls, Punjab

University

Dr. Iqbal Judge welcomed all the delegates to the Progressive Punjab Investors Summit 2013. The focus

sectors of the summit are housing, infrastructure & renewable energy, agro and food processing,

biosciences and healthcare, textiles, light engineering and MSME, IT, and skills. Punjab provides

advantages like cost arbitrage, large domestic markets, robust ecosystem, talented labour, abundant power

supply, good road, rail and air connectivity and massive government support. The new package of

incentives gives fiscal incentives to the investors. A bureau for investment promotion has been set up to

provide speedy and efficient services. It is a one stop shop for all concerns and needs of the investors.

Dr. Iqbal Judge informed the delegates about the sessions and the exhibition.

2. Dais Members

Name Designation Organisation

1 Shri. Parkash Singh Badal Hon’ble Chief Minister Government of Punjab

2 Shri. Sukhbir Singh Badal Hon’ble Deputy Chief Minister Government of Punjab

3 Shri. Madan Mohan Mittal Hon’ble Industries and Commerce Minister Government of Punjab

4 Mr. Sunil Kant Munjal Chairman Hero Group

5 Mr. Y C Deveshwar Chairman ITC

6 Mr. Ira J Gumberg President and CEO JJ Gumberg Co.

7 Mr. S P Oswal Chairman and MD Vardhman Textiles

8 Mr. Arun Sawhney CEO and MD Ranbaxy Laboratories

9 Mr. Mukesh Ambani Chairman and MD Reliance Industries

10 Mr. L N Mittal Chairman and CEO Arcelor Mittal

11 Mr. Onkar Kanwar Chairman and MD Apollo Tyres

12 Dr. Kiran Mazumdar Shaw Chairman and MD Biocon

13 Mr. Rajiv Singh Vice Chairman DLF Universal

14 Mr. John H Lin Vice Chairman CTCI Corp.

15 Mr. Malvinder Singh Executive Chairman Fortis Healthcare

16 Mr. GVK Reddy Chairman GVK Group

3. Opening Speech by Chief Secretary, Mr. Rakesh Singh

The Chief Secretary of Punjab, Mr. Rakesh Singh, initiated the session and welcomed the Hon’ble Chief

Minister, Hon’ble Deputy Chief Minister, Hon’ble Minister for Industries and Commerce, Cabinet

Ministers, Captains of Industries, Leaders of small and medium industries and media to the first

Progressive Punjab Investors Summit in Mohali.

Mr. Singh projected the Summit as an active space for sharing knowledge and bringing the business

community together. Mr. Singh reiterated the commitment from Government of Punjab to transform

challenges to opportunities. He spoke about the pro-active steps being taken by the Government such as

setting up institutions, providing facilities to improve cross border trade; reformulation of laws with a

thrust to augment agriculture based processing industries.

Further, he mentioned that the Government is focusing on vertical integration of small scale industries,

developing world class human resources and productive utilization of natural resources.

On the process aspect, engaged governance is being converged with e-governance. Rules and procedures

have been revised to provide effective, efficient and transparent processes. The state provides an ambient

and friendly environment for setting up and running business. The Summit is the beginning of building

long term relationships and a step in the journey to make Punjab the easiest place to do business in India.

He further iterated that it is about injecting positivity in the economic environment, inducting

togetherness in social economic activities and bringing global and local inclusiveness in the economic

processes.

4. Keynote Address by Hon’ble Deputy Chief Minister, Shri. Sukhbir Singh Badal

The Hon’ble Deputy Chief Minister, Shri. Sukhbir Singh Badal welcomed the delegates to Punjab. He

stated that Punjab is not only known for its contribution to agriculture but also for its strong industrial

base. The purpose of the Summit is to showcase Punjab as the best investment destination.

Punjab ranks first in terms of prosperity and quality of life as per the RBI’s rankings. The World Bank

Report states that Ludhiana is the best place to do business in India. In India Today’s yearly report,

Punjab ranks first in agriculture, infrastructure, and consumer market and food grain production in India.

According to ASSOCHAM report, Punjab has a 79% success rate for investment.

Punjab offers the best infrastructure, high per capita income, skilled and enterprising population, and a

strong agricultural base. Punjab’s vision is to think big and achieve big. Ideas are more important than the

resources. The government focuses on growth with equity and inclusive social development. A ministry

of governance reforms has been created to simplify laws and focus on citizen centric governance.

The government aims to increase connectivity and provide upgraded transport facilities. The state

government is concentrating on upgrading its health services and engaging youth through sports. With

three international and three domestic airports, and a holistic road network, Punjab is one of the most

connected states in India. Punjab will have planned cities and towns in the next three to four years and has

invited private players to provide services.

Also, the State is being developed as an educational hub with world class institutions, like ISB, setting up

campuses in Punjab. The benefit of the forward policies has already been demonstrated by a 20-25%

growth in the State’s revenue receipts. The Poverty Index has fallen from 21% to 8% in the last five

years. Further, the State has achieved a power surplus status.

Government departments are being shifted online for citizens’ convenience and to minimize interactions

between the Government and the industry. The Excise & Taxation Department has been fully

computerized. The Right to Service Act ensures timely delivery of services to the citizens.

He announced that the Punjab Bureau of Investment Promotion has been set up to fast track investments

in the State. The CEO of Invest Punjab has powers related to various departments and can be contacted

for all investment related queries. In the new package of incentives, the State is providing fiscal

advantages like VAT retention, property tax exemption and stamp duty exemption.

5. Panel Discussion

Mr. Sunil Munjal commended the Government of Punjab for the new package of incentives and its focus

on governance reforms. He also spoke about the strong economic potential due to the opening of the

Wagah Border and the State Government’s instrumental role in building a positive relationship between

the two nations.

Further, Mr. Munjal stressed on three key principles of the new package of incentives. He stated that

established industries should provide their views and should be a beneficiary of the new package of

incentives. The State should provide services that improve quality of life of citizens and build

relationships abroad with a focus on eastern countries.

Mr. Munjal further spoke about the Hero Group’s interest in investing in the healthcare and skills sector

in Punjab.

Mr. Mukesh Ambani in his address praised the fast track approach of the Hon’ble Deputy Chief Minister

and his enthusiasm to partner with industry to create value for the citizen. He informed that Reliance

Industries would be investing around INR 2500 Crore in 4G and broadband services in Punjab.

Mr. Ambani envisioned Punjab as a digital hub with connected schools, colleges and hospitals, which

provide thousands of direct and indirect employment. Further, he informed that Reliance Foundation is

working in Punjab, promoting sports in schools and other educational institutes.

Mr. LN Mittal spoke about the oil refinery established in Bathinda. He praised the government for its

support by providing almost 470 approvals in fastest possible manner. He also mentioned that Arcelor

Mittal has further expansion plans of the refinery. The refinery will provide opportunities to establish

other downstream industries and thereby create jobs and value in the region.

Mr. YC Deveshwar spoke about Hon’ble Deputy Chief Minister’s meeting with the Chief Executives of

ITC in Delhi and admitted that they were swept by his enthusiasm. He stated that ITC is actively doing

business in Punjab, has been buying various agri commodities from the farmers and is a supplier of high

quality seeds.

He further mentioned that ITC is enthusiastic about investing in Punjab and setting up a state of the art

food processing industry near Ludhiana or Jalandhar. Further, Mr. Deveshwar stressed that the industry

should focus on inclusive and sustainable development.

Mr. Rajiv Singh emphasized on the importance of delivering on commitments. He spoke about

investments over INR 9,000 crore made by DLF in New Chandigarh, Jalandhar and Ludhiana. He

mentioned that DLF has long term commitments with Punjab and thanked the government for helping

DLF with respect to approvals and procedures.

Dr. Kiran Mazumdar Shaw commended Punjab’s commitment to make State as one of the easiest place to

do business in India. She mentioned that fast-tracking industry will help develop a startup culture in the

State. Biocon is very keen on investing in the State and Dr. Shaw stressed on about the enormous

potential of bio-technology in Punjab, especially in fields of biomass energy generation.

Mr. Ira Gumberg stated various reasons for choosing India as an investment destination such as a large

middle class population, young population, FDI liberalization and a need for global brand retail. His

company is opening a 2 Million square feet mall in Mohali and investing over 4 billion dollars in equity

in India. He appreciated the Government’s support in creating a business enabling culture and helping

first movers.

Mr. John H Lin spoke about the MoU signed between the Government of Punjab and CTCI Corporation

and investments in infrastructure and construction. Further, he suggested a solid waste management

system could be established in Punjab. He thanked the Government for the hospitality and for arranging a

special session for Taiwan during the summit.

Mr. Malvinder Singh spoke about the INR 1,000 Crore MoUs signed between Fortis Healthcare and

Government of Punjab. Further, he mentioned that Fortis would like to partner with other charitable

foundations in providing healthcare and healthcare education to the youth.

Mr. Onkar Singh Kanwar spoke about the starting of the tyre operations in 1964 in Punjab. He was

impressed with the Deputy Chief Minister’s presentation and would seriously consider investing in

Punjab.

He informed the gathering that Apollo group has strong presence in the tyre and healthcare businesses and

the group is eying Punjab as a major investment destination. Further, he stated that some Japanese

companies are keen to invest in Punjab and he would help facilitate such ventures.

Mr. Arun Sawhney spoke about Punjab as a major market for Ranbaxy with over eleven billion rupees

earned from the state. He spoke about his meeting with the Hon’ble Deputy Chief Minister in Gurgaon

and praised the single window clearance initiative as a commendable step which can be followed as a

model by the other states.

Mr. GVK Reddy spoke about the PPP model project at Gowindwal Sahib, Punjab. He thanked the

Government for easing land acquisition and coal allocation for the project. He mentioned that the group is

planning to invest further in the power plant to increase its capacity and stressed on the importance of

surplus power.

Further, Mr. Reddy spoke about the group’s involvement in various CSR activities such as building

houses for the poor and providing emergency response ambulance services.

Mr. S.P Oswal spoke about the importance of the manufacturing industry indicating that manufacturing

industry accounts for 21% of the state GDP. He emphasized on the success factors for industry growth

such as positive political leadership and social harmony, administrative alignment to goals and a culture

to assimilate technology and skills.

He spoke about the large contribution of textiles sector in Punjab and the Hon’ble Chief Minister’s vision

to establish cotton spinning industry during the early 70’s by providing industry specific concessions and

also providing employment opportunities to rural women of Punjab.

6. MoUs exchanged

Some of the major MoUs announced during the inaugural session:

Company Name Description Sector

1 ADLABS Amusement park Entertainment

2 Amity Opening of university Skills

3 Bharti Airtel Pan Punjab Network deployment Industries

4 Cargill India Pvt. Ltd. Cattle Feed Mill at Bhatinda Agri & Food processing

5 CTCI Cooperation for development of

investment and construction

Industries

6 Digital Magic Entertainment and digital interactive

Content

Entertainment

7 DLF Universal Residential townships, commerical space Housing

8 DSM India Biogas projects Infrastructure

9 Fortis Healthcare Medical university and hospital Biosciences and Healthcare

10 Hinduja Group Opportunities across education, auto,

supply chain, sustainable development

and banking

Multiple

11 Infosys 50 acres for IT/ ITES SEZ Industries

12 International Tractors Increase in manufacture capacity Industries

13 ITC Food cum logistics center Agri & Food processing

14 ITC Hotel investment Infrastructure

15 Khanna Paper Mills Paper manufacturing Agri & Food processing

16 Kirloskar Integrated

Technologies Limited (KITL)

Mini Hydel Projects on Canals

Estimated Potential 10MW

Infrastructure

17 Kuantum papers Bio ethanol from rice straw Industries

18 Mahindra University and Agricultural ventures Skills

19 Mahindra Processing of basmati rice Agri & Food processing

20 Mahindra & Mahindra Seed Potato Agri & Food processing

21 Medanta Medicity Superspeciality Hospital Biosciences and Healthcare

22 Nahar Group Industrial Park and Spinning mills Industries

23 Ranbaxy Expansion of manufacturing Biosciences and Healthcare

24 Reliance Jio Infocomm 4G network set up pan Punjab Industries

25 Trident Group Paper packaging Industries

26 Trident Group Spinning Industries

27 Trident Group Hospital Industries

7. Closing Address by Hon’ble Chief Minister of Punjab, Shri Parkash Singh Badal

The Hon’ble Chief Minister of Punjab, Shri. Parkash Singh Badal, welcomed the delegates to the Summit.

He stressed on inclusive growth and promotion of charitable causes.

Due to saturation of labor in the agriculture sector, the industry provides an alternate employment base for

the people of Punjab. Land and buildings are available for opening skill centers which provide placement

and job oriented trainings to the youth. Further, to facilitate education for the poor segments of the

society, scholarships are being provided to students in Punjab.

Mr. Badal commended the people of Punjab as extremely resilient and patriotic. Punjab is a source of

almost 50% of the country’s food grains and has played a pivotal role in the agriculture sector all over the

world. He also announced the Agriculture Summit to be held in February 2014.

Mr. Badal ensured that everything has already been set in place for the industry. A lot of work has to be

done and the summit is a positive step in the direction of industrial development. All the commitments

made by both the Government and the industry should be adhered to. He stressed on following up on the

MoU’s and converting them into actual investments. He closed his address by wishing success to all the

delegates.

8. Vote of thanks by Hon’ble Minister for Industries and Commerce, Mr. Madan Mohan Mittal

Hon’ble Minister for Industries and Commerce, Mr. Madan Mohan Mittal closed the session with a vote

of thanks to all present at the Summit.

VI. Housing, Infrastructure and Renewable Energy sector in

Punjab- Propelling Sustainable Infrastructure

1. Presentation by Mr. Anurag Agarwal, IAS, Managing Director- Punjab Infrastructure

Development Board (PIDB) & Mr. Venu Prasad, IAS, Secretary- Housing and Urban

Development:

Mr. Venu Prasad highlighted the key areas of opportunity in the housing sector as well as the potential

investment opportunities in Urban Development based on the Public-Private Partnership (PPP) mode. He

highlighted the New Housing & Urban Development Policy 2013 and the various guidelines and

incentives put forward by the Government of Punjab. Mr. Anurag Agarwal informed the audience about

the functioning of the Punjab Infrastructure Development Board (PIDB) and its social sector- PPP

initiatives. He also pointed out various opportunities for Logistics and Warehousing in the state like food

grain warehousing, silos, dry ports etc. Lastly, he detailed the power and renewable energy sector in

Punjab, the transmission and distribution of power in the state, as well as the NRSE policy incentives that

make the state an attractive investment destination for potential investors. Some of the upcoming projects

in the state include: IT City, Medicity, Education City – New Chandigarh, Bus Rapid Transit Systems

(BRTS), Road Sector Build-Operate-Transfer (BOT Projects), Downtown Mohali etc.

2. Address by Hon’ble Deputy Chief Minister, Punjab- Shri Sukhbir Singh Badal

Mr. Badal spoke about infrastructure being the main thrust area in the state and the government has taken

a holistic approach to develop it throughout Punjab. He stressed on the fact that planning for development

of infrastructure has already been completed and implementation of projects is under way. Punjab has a

number of attractive projects ranging from provisioning of civil services to development of road networks

for private investments. Further, he pointed out that Punjab has a large propensity to consume and is a

good place to invest in.

Another major thrust of the government is on renewable energy. The state has already awarded projects

for generating solar energy with a capacity of around 200 megawatts. For biomass energy production, the

target for the next three years is to achieve a capacity of 1000 megawatts as it provides clean energy,

utilizes agriculture waste and provides an additional income for farmers.

With respect to urban development, Mr. Badal gave the example of Dubai stressing on the fact that they

have created a large economy despite lack of natural resources. He spoke about two world class key

projects in this regard- Ludhiana Downtown and Mohali Downtown and invited large developers to be a

part of these landmark projects.

3. Panel Discussion

Name Designation Organisation

1 Arvind Mahajan Head, Infrastructure and

Government Services KPMG

2 SK Roongta Chairman

Talwandi Sabo Power Limited

& Head Aluminium & Power

Business Group, Vedanta

3 Mohit Gujral Vice Chairman DLF India

4 Ravi Khanna CEO Aditya Birla Solar

5 Krishna Ram Bhupal Managing Director GVK Power & Infrastructure Ltd

6 Pradeep Singh Deputy Dean Indian School of Business

Mr. Arvind Mahajan began the discussion with a brief introduction to the sector. He spoke about Punjab’s

vision being directly linked with creating enabling infrastructure for industry. Punjab, unlike many other

states, is creating infrastructure before industrialization, which is more like the Chinese model compared

to other parts of India where infrastructure is lagging. He invited the panelists to the discussion, most of

who have invested in Punjab.

DLF has been quite committed in terms of investments it has already made. Moreover, earlier the

goal was to make Mohali the next Gurgaon, without the infrastructure problems. Mr. Mahajan

asked Mr. Gujral about his experience in terms of working in creating infrastructure, specifically

with respect to urban infrastructure in the state?

Mohit Gujral: DLF started its journey with land acquisitions six years ago. Even the ease of doing

business of buying land is one of the easiest in the State except the fact that there farmers that are

reluctant to sell land in Punjab because they’re relatively wealthier. DLF prefers to buy land directly from

the stakeholders or make them partners – similar to the Punjab policy of land pooling. Moreover, the

state has been welcoming and supportive with respect to administrative and infrastructure support and

DLF hopes to finish Phase I of their project by March.

Further, he appreciated the dialogue with the state with respect to participative discussions on

improvement of industry. The company looks forward to moving more vertical in their growth towards

higher value avenues such as high-rise buildings and retail ventures.

He suggested that the government should adopt a single window channel to address industry issues.

Mr. Arvind Mahajan asked Mr. SK Roongta about his experience in creating a power project

considering that they are facing a lot of challenges in recent times.

SK Roongta: Mr. Roongta appreciated Punjab’s initiative to envisage mega power projects when the basic

raw material for the power project is almost 1200-1700 kilometers away. He highlighted the efficiency of

the bidding process and implementation of the contract with respect to the TSPCL project. The local

administration has been proactive in sorting out any issues relating to labor, availability of raw material,

transportation issues, etc.

However, the plants do face the issues of coal linkages and the logistics and the various stakeholders need

to work together to solve these issues. He commended the government’s involvement in tackling these

issues with the Hon’ble Chief Minister himself intervening with respect to the coal procurement issue.

Mr. Arvind Mahajan invited Mr. Krishna Ram Bhupal to share his experience in implementing

power project in the State and talk about the interface with the government with respect to

addressing challenges.

Krishna Ram Bhupal: Mr. Bhupal spoke about GVK’s advent into Punjab in 1996-97 to sign MoU to set

up a 600MW Power station. He mentioned that things actually started moving after the present

government came in and they signed the power purchase agreement, got the contractors on board and

completed all the clearances. He spoke about the major issues in the power sector. With respect to land

acquisition, the support given by the government has been commendable. Within 2.5 years, they were

able to acquire almost 1000 acres on mutual negotiation and whenever required, with the support of the

Government. With respect to clearances, GVK was able to obtain 60 clearances with the help of the State

Government. He also highlighted the support provided by Hon’ble CM for obtaining the fuel linkages for

the power plant. He pointed out that the State of Punjab is on the right path as most other States have got

investments in industries but have failed in the power sector. Punjab has tackled the power sector first and

is now getting investments on board -which is a great long term strategy.

Mr. Arvind Mahajan pointed out that Punjab is also looking towards clean development and

renewable energy with solar and biomass power generation as focus areas. Aditya Birla Solar is

operating in a number of states in India. He asked Mr. Ravi Khanna about his recommendations to

investing in Punjab.

Ravi Khanna: In renewable energy, scaling up quickly is very essential and one needs to be forward

looking as it is going to be a market phenomenon not just limited to a venture. This “scale up” needs a lot

of planning and infrastructure development. For e.g. Germany is the largest solar power producer in the

world with 40% of its power from solar. It took them 15 years for their first 5MW project. In India, we

are in the planning process through bids covering projects up to 10 MW. He spoke about three issues in

solar energy- Infrastructure, Evacuation and Regulatory. The main issues are scaling up land procurement

and readiness- keeping in mind the speed of scaling up of the sector as well as ambitions of the

landowners. Land cost is an issue and land banks may be created by the government. With respect to

evacuation; 11KV and 66 KV are the evacuation points and there is a need to understand the cost

implications involved and availability of the grids in the future. Regulatory approvals take long which is

an issue in a world with currency fluctuations.

With respect to bio mass, ensuring quality of inputs is as important as investing in the final generation

systems. He further stressed on scaling up projects as it is very difficult to administer Viability Gap

Fundings (VGF) in smaller volumes as administration costs are very high with large exposures to

companies. A suggestion would be to give subsidy on debt as it gives same impetus as a VGF.

Mr. Arvind Mahajan mentioned that Punjab is also looking at power being cheaper. He invited Mr.

Roongta to answer the question on how to manage that considering Coal India is not able to meet

its commitment and need for import of coal.

SK Roongta: Mr. Roongta said that Punjab has opted for super critical power plants which are very fuel

efficient. The bids received by Government of Punjab are at competitive rates, and considering that these

are super critical power plants- even if the balance coal is imported and transported to the power plants in

Punjab, the power will be cheaper than other states or open exchanges. With the power surplus situation

emerging in the State, cost of power will be lower in Punjab and this benefit can be transferred to

industry. However, there is a need to ensure that transmission and distribution losses are progressively

brought down. Moreover, the Government of Punjab has developed a robust transmission network

through which they will be able to serve the industry at a competitive rate.

He suggested that the Government of Punjab’s systems and processes should build in unforeseen

circumstances such fuel hikes, economy crashes, etc. into their models.

Mr. Arvind Mahajan invited Mr. Pradeep Singh to speak up about current role of ISB CEO in

promoting education as a means to enhance human capital and create employability in the State.

Pradeep Singh: Mr. Singh mentioned that ISB Mohali is a year and half old in its operations and was set

up quickly with the support of the Government of Punjab. They were given 71 acres on a nominal lease

which is needed for educational institutes. Moreover, there was ready support in construction and to

attract companies to support in capital investment. He spoke about his association with Government of

Punjab and the Infrastructure sector during his stints with IL&FS for 10 years and IDFC projects for 5

years prior to joining ISB. He detailed his experience with PIDB 13 years ago, which at that time was a

leader in the country and was created out of an act by the Punjab Government assembly which gave form

and shape to concept of Public-Private partnerships while the country was still struggling on how to

proceed on this model. When IL&FS signed a Memorandum of Agreement with the PIDB, they were

given all possible resources and support to help the Government of Punjab in structuring a pipeline of

infrastructure projects in various sectors to attract private sector investments. This has shown results as

explained by MD PIDB. Punjab was the first state in the country to impose a cess on diesel and

subsequently on food grain trading in the mandis which created a pool of money available for public-

private partnerships for infrastructure. The amount raised today is INR 1200 per annum. They have

clearly identified infrastructure as a source of attracting private capital, managerial efficiencies and

technical know improvements.

With respect to India as a whole, incremental investment from the private sector in infrastructure has been

negligible. He suggested that the Government of Punjab makes use of the opportunity to attract private

investment in infrastructure and address issues faced by developers to get investments at a fast pace.

Some suggestions were to involve private sector in decision making before the policy and frameworks are

put in place, involve them in the single window system and adopt a structured approach for the policy

making process involving stakeholders. Most key infrastructure sectors are facing problems owing to

issues such as aggressive bidding, economic slowdown and fuel shortages and there is a need to put

mechanisms is place to resolve mistakes of the past. This can be done through regulation and experts

rather than blaming it on the bureaucracy. Hence, there is a need to create systems to resolve issues with

respect to infrastructure which would give impetus to further development of the sector.

4. Q&A session and open house:

A question was raised with respect to solar energy potential in the State. Considering that 40% of energy

source is from solar in Germany with maximum coming from rooftops- which are the points of

consumption, Mr. Ravi Khanna from Aditya Birla Solar was asked if he would see that happening in

India soon considering the focus is on mega projects at the moment. Mr. Khanna answered that Punjab is

ideally poised for the rooftop model with a prosperous community who is willing to expand to larger

projects. This would involve “Net Metering” as an infrastructure tool as adopted by Germany in which

the government provides incentive to private players.

Mr. Jaspal Deol from Allianz Group spoke about working with PEDA on policies and running a solar

power project in Punjab. He mentioned the Punjab Government’s policy on renewable energy

highlighting its near advent into Punjab with focus on rooftop models. Further, he highlighted the

importance of small projects to foster entrepreneurship and involvement of industry captains to encourage

smaller players. Moreover, he talked about development of the social sector to enhance alternative

incomes in the rural areas.

A representative from the GMR Group asked if Punjab Government is looking for Annuity models in

EPC mode with respect to road projects. Mr. Anurag Agarwal answered this question by mentioning that

the State is doing a lot of projects on EPC mode but not involved in annuity models as of now. He

informed that a proper study is conducted before the bidding process and issues are resolved during this

process. Currently 2 major road projects are underway viz. Ludhiana Bypass and Chandigarh-Phagwara

Road with internal rate of return of more than 15%.

5. MoU exchange

SNo. Company Description

1 Welspun Renewables Energy Ltd. 150 MW Solar PV Project

2 Continental Solar Private Limited 150MW Solar PV Power Projects.

3 Moser Baer Clean Energy Limited 150 MW Solar PV Power Projects.

4 Essel Infraprojects Limited 100 MW Solar PV Project

5 Indiabulls Power Limited 90 MW Solar PV Project

6 Allianz Group LLC. 75 MW Solar PV Project

25 MW Biomass Power Project

7 CONCOR Multi Modal Logistic parks

8 Digvijay Chemicals Multi Model Logistic Park

9 GAD Logistics (I) Pvt. Ltd. Multi Modal Logistic parks

10 Stelmec Ltd. Manufacturing of electrical Vacuum Circuit breaker of

various ratings.

11 Sidhwan Hydro Power Private Limited. 5 MW Canal based Solar PV Projects

12 Sturdy Industries Limited Aluminium Conductors and Cables

13 Nucon Switchgears Pvt.Ltd. Manufacturing of 66 KV Class Power

Transformers & 11 KV Distribution Transformers

14 Technical Associate Ltd. Manufacturing of Power Transformers & 20 MVA &

31.5MVA 66/11 KV capacity

6. Key recommendations

The key recommendations from the session were:

1.) Adoption of a single window system to address issues faced by the industry.

2.) Involvement of all stakeholders to address issues with respect to power, particularly those arising

from coal linkages.

3.) There is a need to ensure that transmission and distribution losses are progressively brought

down.

4.) With respect to solar energy, the government should plan to adopt large scale projects and create

infrastructure for these projects.

5.) Additionally, the government needs to adopt systems such as Net Metering to provide impetus for

the private sector to take up rooftop solar projects. Land banks need to be created and cost implications of

evacuation points of power need to be planned. Punjab is well poised for rooftop solar models and this

potential needs to be tapped.

6.) The Government of Punjab’s systems and processes should build in unforeseen circumstances

such as fuel hikes, economy crashes, etc. into their models.

7.) Involve private sector in decision making before the policy and frameworks are put in place and

involve them in the single window system.

8.) Adopt a structured approach for the policy making process involving stakeholders.

9.) Most key infrastructure sectors are facing problems owing to issues such as aggressive bidding,

economic slowdown and fuel shortages. There is a need to put mechanisms in place to resolve mistakes of

the past. This can be done with the help of experts and using efficient regulations rather than blaming it

on the bureaucracy.

The session was concluded with a vote of thanks by MD PIDB and Secretary, Housing and Urban

Development.

VII. Biosciences & Healthcare sector in Punjab: Revolutionizing

Punjab’s Healthcare & Biosciences Industry

1. Opening presentation: Ms. Vini Mahajan, IAS, Principal Secretary, Health and Family

Welfare, Government of Punjab

Ms. Mahajan welcomed the panelists and the audience for the discussion and gave a brief introduction of

Healthcare and Biosciences sector in Punjab. She introduced the distinguished panelists and gave brief

introductory remark on the importance of healthcare and biosciences in Punjab.

Ms. Vini Mahajan provided context to the session and emphasized on the huge potential that the

healthcare sector has in both urban and rural areas of the state. She mentioned about the proposed

Medicity at Mullanpur. She announced that a cancer treatment hospital on the lines of TMC Mumbai, is

being setup by the Government of India on 50 acres of land provided by the state government at the

Medicity. This would be the second largest hospital after the one in Mumbai.

She touched upon the competitive advantage that Punjab possesses due to the presence of renowned and

world class educational establishments such as National Institute of Pharmaceutical Education and

Research (NIIPER), National Agri - Food Biotechnology Institute (NABI), Indian Institute of Science

Education & Research (IISER) and Post Graduate Institute of Medical Education and Research

(PGIMER).

She also gave an overview of the policy and incentives that healthcare establishments enjoy.

She highlighted the emerging investment regions in the state such as Mohali, Amritsar etc. and the

opportunities such as medical tourism, government health insurance and universal health care wherein

Punjab has a significant advantage.

2. Panel discussion

Participants:

Name Designation Organisation

1 Dr. Kiran Mazumdar Shaw CMD Biocon Limited

2 Mr. KG Ananthakrishnan Managing Director Merck India

3 Mr. Rajiv Gulati President- Global Pharmaceutical Business Ranbaxy

4 Dr Ajay Bakshi Managing Director & Chief Executive Officer Max Healthcare

5 Mr. Ashish Bhatia Chief Operating Officer Fortis Healthcare

Brief introductions by the moderator and panelists:

Dr. Kiran Mazumdar Shaw: Dr. Shaw heads India’s leading biotechnology enterprise, Biocon. She is

highly respected in the corporate world and has been named among TIME magazine’s 100 most

influential people in the world. Economic Times also placed her at India Inc’s top 10 most powerful

women CEO for the year 2012. Biocon, Asia’s leading biotech enterprise, headquartered in Bangalore,

India, is constantly engaged in delivering affordable innovation. As a fully integrated biopharma company

Biocon delivers innovative solutions, across discovery, development and commercialization of

biopharmaceuticals value chain, leveraging the cutting edge science, cost-effective drug development

capabilities and global scale manufacturing capacities, in order to move ideas to market. It is the largest

insulin company in India. FY-13 revenues crossed USD 100 Mn milestone.

Mr. KG Ananthakrishnan: Mr. Ananthakrishnan is the Managing Director of Merck India. He is

responsible for South Asia Region operations, which includes Sri Lanka, Bangladesh, Pakistan and India.

He has been a speaker at leading management schools including Columbia University U.S, Indian

Institute of Management, Indore, Indian School of Business and Narsee Monjee Institute of Management

Studies. He is actively involved in industry related matters and is currently Chairman of the Technical

Committee of OPPI (Organisation of Pharmaceutical Producers of India) and an active member of its

Executive Committee. Merck offers a basket of 75 plus best-in-class products contributing significantly to

critical disease mitigation and prevention. The company is also involved in collaborative patient support

programmes aimed at improving the lives of people living with disease.

Mr. Rajiv Gulati: Mr. Gulati is currently President-Global Pharmaceuticals Business, for Ranbaxy

Laboratories Limited. Ranbaxy Laboratories Limited is a research based international pharmaceutical

company serving customers in over 150 countries. For more than 50 years, the company has been

providing high quality, affordable medicines trusted by healthcare professionals and patients across

geographies. Ranbaxy is a member of the Daiichi Sankyo Group. Daiichi Sankyo is a leading global

pharma innovator, headquartered in Tokyo, Japan. Before joining Ranbaxy in April, 2011, Mr. Gulati was

head of Emerging Market Strategy for Eli Lilly & Co., working at their global head office at Indianapolis,

USA. He was responsible for directing the strategy for globalization, driving significant improvements in

global sourcing, structure and processes leading to enhanced cross functional coordination and

productivity. He has contributed to significant growth in sales, creating one of the fastest start-up

businesses, executing business critical deals including in-licensing and out-licensing of technologies and

products, creation and implementation of a long term strategy for Eli Lilly in the fast growing economies

across functions like demand realization, research and development, IT and manufacturing.

Dr Ajay Bakshi: Dr Bakshi, the MD and CEO of Max Healthcare is an experienced healthcare

professional and has played diverse roles as a practicing neurosurgeon (India), a stem cell scientist

(USA), and a management consultant (Global) over the last two decades. He has abundant expertise in

healthcare with strong leadership skills and passion for innovation. He received his medical training from

All India Institute of Medical Sciences (AIIMS) in New Delhi, India and has completed the Wharton

Management Program from The Wharton School (2002-2004). Dr. Bakshi has been leading Max

Healthcare since November 2011. Since then, the Max Healthcare family has grown to over 7,000

employees and four new hospitals have been launched successfully.

Mr. Ashish Bhatia: Mr. Bhatia currently holds the position of Chief Operating Officer at Fortis

Healthcare India. As an integral part of the senior management at Fortis, he handles the overall operations

of all Fortis hospitals in India. Having started his career with the Tea Gardens at Assam, Mr. Bhatia has

over 29 years of industry experience. Prior to joining Fortis, he was Vice President -Marketing with Hero

Motors. Under his leadership, Fortis Escorts Heart Institute, which is amongst the world’s largest stand

alone cardiac institutions, has received the NABH (National Accreditation Board for Hospitals and

Healthcare Providers) accreditation, the highest national recognition for quality patient care and safety.

Panel discussion

Dr Kiran Mazumdar Shaw initiated the panel presentations. She spoke about the opportunities in bio

technology. She focused upon the use of biotechnology in food security through agriculture, in terms of

how production can be increased and also how barren land can be used for agricultural purposes.

She also laid emphasis on the role of biotechnology in health security through preventive vaccines,

diabetic insulins, hepatitis vaccines and cancer bodies etc. and thirdly on energy security through bio fuels

and bio gas.

Dr Shaw spoke about creation of more enablers in the state for investments in these areas besides good

infrastructure and uninterrupted power supply. These include creating specific clusters for

biotechnological plants and offering incentives for training in the sector.

Dr Shaw mentioned that few of the biotech solutions for sustainable development in Punjab include

genetically modified crops to increase sustainable food production, bio tech improvements to soil and

water, rapid and precise development and manufacturing of vaccines and therapeutics, personalized and

cost effective diagnostics, regenerative medicines from repair to new organs, using carbon dioxide as the

raw material and zero water bio processing.

She further iterated that power and water are the huge enablers that give Punjab a competitive advantage

in the sector.

Mr. Ananthakrishnan started with the scope of bio pharma industry in Punjab. He emphasized on the

available resources contributing to the growth of pharmaceutical industry in the state. He mentioned that

pharma is a trillion dollar industry. He mentioned that while Punjab has been known for its agricultural

sector in the past, the future for the state belongs to the Biosciences sector.

He further iterated that access to treatment of Hepatitis and Diabetes should be the focus area for Punjab.

Dwelling further on the point he mentioned that the state should focus on opening Diabetes counseling

centres.

Rajiv Gulati started his address sharing his long standing association with Punjab. He mentioned that until

1970 no price control policy was inforce which led to large multinationals pharmaceutical companies

gaining undue competitive advantage in the market. This led to rise of prices.

Further he mentioned that, in 1970 price control was imposed that benefited the patents with substantial

reduction in prices.

Mr. Gulati mentioned that a partnership model needs to be developed between the government and the

private health sector.

He added that Biosimilars should not be the focus area for Punjab. Given the large number of small API

formulation manufacturers, Punjab should focus on Generics.

Dr. Ajay Bakshi emphasized that role of Public Private Partnerships (PPP) in the area of healthcare to

provide accessible, affordable and quality healthcare to the patients. Dr. Bakshi iterated that Max

healthcare is successfully operating 2 hospitals in the state under the PPP model. He mentioned about the

tremendous support extended by the state in making the venture a success.

Dr. Bakshi touched upon the lack of availability of good physicians, especially specialists, which is

posing as a major area of concern for Punjab

He mentioned that for the successful implementation of public private partnerships, the cooperation

should come from both sides. It should be very simple with transparent objectives which work for both

sides.

He applauded the cancer treatment scheme extended by the state wherein any patient suffering from

cancer can avail Rs. 1.5 lacs for treatment. The process for sanction is very simple. He emphasized that

these kinds of partnerships are quite beneficial to the society and provide the solution to India’s health

care problem.

3. Q&A Session

Ms. Vini Mahajan summarized the views of the panelists and started the question & answer session.

A question was raised regarding the reasons for having more diabetic patients in our country and more

cancer suffering patients in Punjab?

Addressing the question, Dr Shaw mentioned that in case of cancer, there has been very little research

done. Further the research in the area of cancer takes 5 to 10 years to get the answer. Various institutions

are working with Centre of Disease Control to ascertain the causes of Cancer and Diabetes. Ms. Mahajan

also iterated the fact that it is not a correct statement that Punjab has the highest incidences of Cancer.

4. Recommendations

1. A partnership model needs to be developed between the public and the private health sector to

provide accessible, affordable and quality healthcare to the masses

2. Access to treatment of Hepatitis and Diabetes should be the focus area for Punjab. The state

should focus on opening Diabetes counseling centres.

3. Punjab should focus on environmental stability and green technology – Biotech provides

solutions for both. This is critical for a state like Punjab with high agricultural dependence.

4. Availability of good physicians, especially specialists is a major area of concern in Punjab which

the state should address by way of policy incentives as well as opening of more medical institutions with

a focus on retaining the trained talent in the state.

The session was closed with a vote of thanks to the panelists by Ms. Vini Mahajan.

VIII. Information Technology sector in Punjab: The emerging

destination for IT/ITeS and Electronics Sector

1. Opening remarks: Mr. Biren Ghose, Country Head Technicolour India

Session was moderated by Mr. Biren Ghose, who opened the session. He requested Sh. A.R. Talwar IAS,

Principal Secretary, IT & Technical Education, Government of Punjab to give an overview of Information

Technology and Electronics Hardware sector in Punjab.

Mr. A. R Talwar commenced the session and welcomed all the delegates. He briefed the delegates about

the objectives of Summit, new policies, and incentives for investments in Punjab and the opportunities for

investors in the IT/ITeS and electronics sector in India.

He mentioned that Mohali and Amritsar are being promoted as key IT destinations with plug and play

infrastructure, skilled labor and excellent infrastructure in terms of availability of power, connectivity and

real estate at competitive cost.

Briefing the group on the incentives offered by the Government of Punjab, Mr. Talwar mentioned the 80

% retention of VAT and CST for 10 years unto to 80% of Fixed Capital Investment (FCI). Further

incentives include 100% exemption from electric duty and stamp duty for 10 years, 100% exemption

from property tax for 10 years and Preferential Market Access (PMA) to electronics hardware

manufacturing units in line with the Government of India policy.

In terms of opportunities in IT and electronics hardware sector in Punjab, Mr. Talwar mentioned that

there is a significant potential for providing IT/ ITeS in the local market and private companies have

proposed to develop IT parks to foster growth of IT industry in the State.

2. Panel discussion

Participants:

Name Designation Organisation

1 Mr. Biren Ghose Country Head Technicolor

2 Mr. Pankaj Mohindroo National President Indian Cellular Association

3 Mr. Sanjeev Gupta Managing Director Accenture

4 Mr. Sanjeev Keskar Chairman Indian Electronics and

Semiconductor Association (IESA)

5 Dr. Omkar Rai Director General Software Technology Park of India

6 Mr. Vishal Dhar Co-founder and President - Marketing iYogi

The session was also attended by Mr. Adesh Pratap Kairon, Hon’ble Minister for Information

Technology, Food and Civil Supplies, Government of Punjab

Brief introductions by the moderator and panelists:

Mr. Biren Ghose: Mr. Ghose is Country Head for Technicolor India, a USD 5 billion arts and sciences

leader involved in the media, entertainment and technology. Technicolor India is a premiere animation

company offering world-class services in animation and visual effects for movies and television; game

development and other media services. Technicolor India the Indian subsidiary of Technicolor, USA,

designs and produces world-class animation, visual effects and games deploying cutting-edge

technologies and dedicated creative talent pool.

Mr. Pankaj Mohindroo: Mr. Mohindroo is the founder and current National President of the Indian

Cellular Association (ICA). ICA is the apex body of the mobile industry comprising manufacturers, brand

owners, application and solution providers, distributors, retailers and eminent consumers of mobile

handsets. He is an entrepreneur with business interests in telecom, Information Technology, publishing,

strategy consulting etc. He has over 28 years of experience covering various industries like sugar, food

processing, telecom, IT, retailing, media & broadcasting, DTH, international trading, infrastructure

(Industrial Parks, Port Infrastructure), steel, woolen knitwear, textiles, personal care products, oleo-

chemicals, paints, pigments and dyes.

Mr. Sanjeev Gupta: Mr. Gupta is the Managing Director of Accenture India. Accenture is a global

management consulting, technology services and outsourcing company, with approximately 266,000

people serving clients in more than 120 countries. Accenture has been operating in India since 1987, and

was the first Multi National Consulting firm to set up operations in India. Today, Accenture serves more

than 500 global clients, including Fortune 1000 companies, through its operations in Bangalore, Chennai,

Delhi, Hyderabad, Kolkata, Mumbai and Pune.

Mr. Sanjeev Keskar: Mr. Keskar is the Chairman of the India Electronics and Semiconductor

Association (IESA), the trade body, representing the Indian Electronic System Design and Manufacturing

(ESDM) and Semiconductor industry. He has served as Managing Director, Sales, PMC-Sierra for India

and south-east Asia since January 2010. Prior to this appointment, Keskar was Country Manager, Sales, at

Freescale Semiconductor from 2005 to 2009, where he led the revenue growth for the India sales

operations. Prior to that, he was the Country Manager for AMD Far East Ltd. in India from 2001 to 2005.

Overall, he has more than 25 years of experience and has spent 20 years in semiconductor sales.

Dr. Omkar Rai: Dr. Rai is Director General, Software Technology Parks of India (STPI) and has got

wide experience in the area of IT/ITES industry. He has worked in various capacities in the central

Government departments before joining STPI. He is also on the Board of Directors of MTNL-STPI IT

Services Limited and National Internet Exchange of India (NIXI). Software Technology Parks of India

(STPI) is a government agency in India, established in 1991 under the Ministry of Communications and

Information Technology, which manages the Software Technology Park scheme. It is an export oriented

scheme for the development and export of computer software, including export of professional services.

Mr. Vishal Dhar: Mr. Dhar is the co-founder and President-Marketing of iYogi, a company that he co-

founded in 2007. Vishal is also one of the founders of IQ Resource, a niche BPO (Business Process

Outsourcing) business focused on the business media industry. He was the CEO of the Friday

Corporation, the largest information services provider in India with over 230 sources of research,

editorial, profiles and real-time company and market information. iYogi is a leading provider of online

technical support services to consumers and small businesses across a wide range of computing and

communications devices and software. Leveraging its proprietary Digital Service Cloud software

technology platform, iYogi delivers support services to millions of customers globally and its services are

available on a 24/7 basis, 365 days a year. iYogi recently launched on-ground support services as well,

which are currently available across continental USA. With a growing global footprint, iYogi services are

available in the United States, the United Kingdom, Canada, Australia, and UAE the GCC.

Panel discussion

Mr. Biren Ghose suggested that policy should be a living document with flexibility to adopt changes and

the Government should focus on forming an industry group collaborating with people, industry, academia

and government to improve dialogue. He also expressed his desire to work with Government of Punjab to

assist in drafting a policy for the animation sector.

He further mentioned that a possible area of opportunity in Punjab is tapping potential across art schools

to improve the animation and creative industry. This concept is famously quoted as “Digitalization of Arts

Schools”. India contributes to only 0.7% of the global animation which leaves significant headroom. The

future of video is to be the next postcard and there is a massive potential opportunity in this space.

Mr. Sanjeev Keskar apprised the group on opportunities in electronics system design & manufacturing.

Mr. Keskar stated that electronics industry is likely to become $ 400 billion in next 10 years with 60 %

being imported products. Electronic items that are being manufactured are low value items as there is no

local IP and component ecosystem.

He further elaborated that there is a need for development of self-sufficient electronics manufacturing

base in the country. He mentioned that electronics sector in India contributes to only 2% of the GDP

where as in countries like Korea and Japan it contributes to 20% of the GDP.

He suggested that Punjab can explore opportunities in manufacture of PCB, connectors, transformers,

batteries, industrial electronics, and defense & aerospace automation.

Mr. Pankaj Mohindroo provided the group an overview of Indian mobile industry & opportunities in the

ESDM sector. He mentioned that world’s largest mobile phone ecosystem is in India. Indian industry has

enormous capabilities for IP creation. To move up the value chain and create IP at a product level requires

massive financial inputs, great entrepreneurship and risk to burn capital. India’s contribution to Global

Handset market was 1.65% in 2002 where as today it is 13.8%.

He also mentioned, one out of every 8 handsets sold in the world is in India. From a demand of merely 5

million handsets in 2001, the mobile handset market is estimated to have crossed 200 million units at the

end of 2012 and it is expected to cross 545 million units by 2020. Thus, shift of market trend into

mobility based technologies creates additional opportunities in this space. Smart phones and tablets will

change the way India looks at Information Technology and Electronics.

Mr. Vishal Dhar discussed on increasing importance of direct-to-consumer services and opportunities in

this space. Mr. Dhar gave a brief introduction about his company. He added to what Mr. Mohindroo

mentioned about the mobile industry. Mobile and computing based applications impact larger

organizations in the world currently but there is huge potential market in the small and medium scale

businesses also.

Punjab Government should take a lead on disintermediation from the traditional value chain. Incubation

centers provide excellent facilities to start ups at an early stage improving the chances of a successful

venture. Thus to attract investment from new companies, Punjab should promote Incubation centers in the

state.

Mr. Omkar Rai mentioned on the future outlook of IT companies in India. The total turnover of Indian IT/

ITeS sector was $108 Billion in 2012 out of which $76 Billion were exports; there is a significant scope

for tapping the domestic market. Though these numbers are encouraging but we need to think how to take

this industry to next level or how to move up the value chain.

He mentioned that in order to move up the value chain, the Government and industry should focus on

creating Intellectual Property and productizing it. Central and State Government are working together and

coming up with policies, programs and incentives so that the industry can move up the value chain.

Mr. Sanjeev Gupta addressed the group on the topic of identifying and developing unique capabilities for

Punjab. He remarked that IT/ ITEs in India is moving up the value chain and focusing significantly on

software development, mobility, cloud, etc. Indian IT/ ITeS would grow to USD 200 Billion by 2020 and

there is a predicted increase in domestic consumption in India.

What can Punjab do uniquely to tap this huge market competing with well established eco systems in

other parts of India? Benefits, Incentives, improving infrastructure etc. can take a location only to a

certain extent on the global map but to reach greater heights, the location should identify its key strengths

and promote them. Client has an important stake in decision making and hence the location should also be

appealing to the customer base of IT/ ITES industry. He expressed that Punjab needs to identify a skill

that can be leveraged to project uniqueness of the location. State should also concentrate on exploring

opportunities that arises with increasing domestic market in the IT/ ITES space.

3. Q&A Session

A question was raised regarding what is uniquely offered by Punjab that IT/ITES industry can leverage to

develop capabilities and compete with established eco systems like Gurgaon.

The question was answered by Mr. Vishal Dhar who stated that decision cannot be made based on one

unique property. Detailed analysis needs to be conducted in education, infrastructure, skill set maturity,

business ecosystem and a decision should be arrived at based on the aggregated result. A platform has

already been created in Mohali, and it only needs to be up-scaled effectively.

Another question was raised regarding the probability of success being very low for wafer technology for

electronics hence the government should have liberal incentive policy otherwise the industry won’t

flourish.

The question was answered by Mr. Sanjeev Keskar who mentioned that the policies are quite flexible.

Modified Special Incentive Package Scheme (M-SIPS) is not only for mobile phones but it is for all types

of electronics (from components to system). He also suggested that to improve the success rate of

ventures in this space, a back up business plan should be created in parallel to the original business plan to

minimize risk and avoid failure.

Another question was raised if India can build its own IP system like China so that local IT companies

can make more profit.

Mr. Pankaj Mahendroo answered the question. He mentioned that there is a need for regulatory reforms in

this area. A policy needs to be developed to promote local companies like China where 3 companies

among the top 5 companies have to be Chinese.

A question was raised regarding the process and timeline for clearance for MSMEs. Also who will be

single point of contact for the same?

It was answered by Hon’ble Minister Information Technology, Food and Civil Supplies, Sh. Adesh Pratap

Kairon in his closing remarks. He mentioned that Punjab is currently focusing on developing Mohali and

Amritsar as IT hub owing to large talent pool availability, good infrastructural facilities and plug and play

ventures. STPI’s have dedicated government space and any business/ Government related enquiry can be

handled through this window. The package of incentives introduced by Government is an evolutionary

policy and further suggestions from the industry are welcome. Going forward, there will be regular

interactions with the industry to make this sector business friendly. Significant emphasis is being given to

development of infrastructure in the state with special focus on laying of optical fibers to increase

communication penetration.

4. Recommendations

1.) There is a need for development of self-sufficient electronics manufacturing base in the country

and Punjab should spearhead the same.

2.) Punjab should explore opportunities in manufacturing of Printed Circuit Boards (PCB),

connectors, transformers, batteries, industrial electronics, and defense & aerospace automation.

3.) Mobile and computing based applications impact larger organizations in the world currently but

there is huge potential market in the small and medium scale businesses also.

4.) Incubation centers provide excellent facilities to start ups at an early stage improving the chances

of a successful venture. Thus to attract investment from new companies Punjab should promote

Incubation centers in the state.

5.) In order to move up the value chain, government and industry should focus on creating

Intellectual Property and productizing it. In this regard the Central and State government should work

together for coming up with policies, programs and incentives.

The session was closed with a vote of thanks to the panelists by Mr. A. R Talwar, IAS, Principal

Secretary, IT & Technical Education, and Government of Punjab.

IX. Agro and Food Processing sector in Punjab: Beyond the Green

Revolution

1. Opening presentation: Mr. Suresh Kumar, IAS, Financial Commissioner Development,

Government of Punjab

Mr. Suresh Kumar commenced the session and welcomed all the delegates. He introduced the

distinguished panelists and briefed the delegates about the objectives of summit, new policies, and

incentives for investments offered by the state for the Agri and Food Processing sector.

He emphasized that Punjab has been a catalyst to growth in India’s agriculture production and green

revolution; however the pace of growth has not sustained. The new fiscal incentives have been unveiled,

taking into consideration viewpoints of all the stakeholders in this sector. He also expressed that state

should focus on crop diversification, mechanization, bringing in new crops and reaching out to new

markets.

2. Panel discussion

Participants:

Name Designation Organisation

1 Mr. Siraj Chaudhry Chairman Cargill

2 Mr. Venkatesh Kini Deputy Business Unit President Coca-Cola India and South West Asia

3 Mr. Rajiv Wakhle Director Pepsico India

4 Mr. Sachid Madan CEO Technico Agri Sciences Limited

5 Dr. Baldev Singh Dhillon Vice-Chancellor Punjab Agricultural University

Brief introductions by the moderator and panelists:

Mr. Siraj Choudhry: Mr. Chaudhry is the Chairman of Cargill India, the wholly owned subsidiary of

Cargill Inc., and the CEO of Cargill Foods India. Cargill's operations in India include the origination,

handling, processing and production of a wide range of products, including refined oils, grain and

oilseeds, sugar, cotton and animal health and nutrition. Cargill’s brands in India include edible oil brands

NatureFresh, Gemini, and Sweekar; vanaspati brands Rath and Sunflower Vanaspati; and wheat flour

brand Nature Fresh Chakki Atta.

Mr. Venkatesh Kini: Mr. Kini is the Deputy Business Unit President for Coca-Cola India and South

West Asia. He has served Coca-Cola for more than 14 years and has more than two decades of experience

in India and the US, in marketing, sales and general management roles. The Coca-Cola Company is one

of the world's largest beverage company, providing more than 500 sparkling and still brands. Led by

Coca-Cola, the Company's portfolio features 15 billion-dollar brands including Diet Coke, Fanta, Sprite,

Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle.

Mr. Rajiv Wakhle: Mr. Wakhle serves as the Senior Director - Operations (Foods) for PepsiCo India.

PepsiCo entered India in 1989 and in a short period, has grown into one of the largest and the fastest

growing food & beverage business in the country. PepsiCo India’s growth has been guided by PepsiCo’s

global vision of “Performance with Purpose”. This means that while businesses maximize shareholder

value, they have a responsibility to all the stakeholders including the communities in which they operate,

the consumers they serve and the environment whose resources they use.

Mr. Sachid Madan: Mr. Madan is Director of Technico Pty Ltd, Australia (Technico), a wholly owned

subsidiary of ITC Ltd, and a part of its Agri Business. He is also the Chairman of the Agri Committee of

FICCI. ITC Limited is one of India’s largest conglomerates and has significant market share in fast-

moving consumer goods, hotels, paperboards and packaging, agribusiness, and information technology.

Technico Agri Sciences Ltd commenced operations in March 1999 to produce high yielding, early

generation seed potatoes for India and neighboring export markets. Technico has contributed significantly

to the introduction of new varieties in India specially those suitable for making French fry and chips. It

works closely with farmers in India, China, Canada, Saudi Arabia, Egypt, Turkey and Senegal to improve

the quality of seed, agronomic practices and enhance yields and quality. It is also working closely in

micro irrigation initiatives to improve the sustainability of agriculture.

Dr. Baldev Singh Dhillon: Dr Dhillon is an internationally famous agricultural scientist and former

Assistant Director General at ICAR, Director of NBPGR (ICAR), Vice-Chancellor, and Punjab

Agricultural University. He has a Doctorate from Indian Agricultural Research Institute (IARI), New

Delhi. He has published 340 research publications and many books. The Punjab Agricultural University

was established in 1962 to serve the state of erstwhile Punjab. The PAU performs the integrated functions

of teaching, research and extension in agriculture, agricultural engineering, home science and allied

disciplines. The PAU has played a key role in increasing food grain production, livestock and poultry

production. In recognition of its outstanding achievements in agricultural research, education and

extension, it was adjudged the Best Agricultural University in India in 1995.

Panel discussion

Mr. Siraj Chaudhry mentioned that India has surplus production of wheat, rice and sugarcane while there

is a deficit in case of pulses and edible oil. The shortage is due to weaknesses in the distribution system

which has damaging effects. He emphasized upon the importance of marketing and distribution systems

in agriculture sector. He stressed that if agri production is not converted into agri business then the value

is not unlocked. The challenge for marketer in this sector is not to establish a business but to market it

properly and reach the end consumer.

Mr. Venkatesh Kini mentioned that there is a need to provide end to end solution to farmers. He

reiterated the importance of marketing in agriculture business. Strong connections between farmers and

marketers are required. Punjab should focus on mechanization of agriculture sector. Mr. Kini emphasized

on the fact that Agri sector should focus on mechanization to achieve higher production goals. He further

mentioned that with the enactment of the Contract Farming Act, the sector has become attractive and the

private sector should use it efficiently and effectively.

Mr. Rajiv Wakhle gave a brief introduction about Pepsi. He informed that more than 30% of fruits and

vegetables in India don’t reach the consumer from the farm. This is due to lack of proper storage

facilities. He touched upon the need for storage and silos in order curb the wastages as well as reduce the

risk exposure to farmers. He emphasized on the importance of sanitary and dry storage facilities to avoid

wastages and thereby reducing the risks faced by the farmers. He expressed that natural resources should

be judiciously used. 70% of the energy used in Pepsi plants is from bio fuels.

Mr. Suresh Kumar also stressed on preserving natural resources. In 1966, only 3% of the land in Punjab

had water table below 10 meters but today 92% of area the water table has dipped below 10 meters. This

is a serious concern and should be addressed equally by the government, farmers and the private sector.

Mr. Wakhle mentioned the need of enhancing the technical knowledge of the farmers and upgrading it on

regular basis as farmers need to be abreast of latest global technology

As a concluding remark to his address, Mr. Wakhle mentioned that higher agricultural production is only

sustainable when due emphasis is given to conservation of natural resources.

Mr. Sachid Madan mentioned that the core competencies of the state include vast resources, prosperous

people, good connectivity to ready markets and high levels of consumption. The state has opportunity in

terms of resources and markets but the food processing industry in Punjab needs improvement. Acting as

a growth catalyst, the new policy issued by the state would revolutionize food processing industry. The

state needs to move towards more diversified and profitable products. He stated that Punjab has the

highest per capita consumption of wheat and sixth highest for biscuits.

Mr. Madan added that the state has huge opportunity in contract farming. The agro community needs to

work together with the private sector to make Punjab the food processing bowl of India from currently

being known as the food bowl of India. He expressed that Punjab should also focus on agro forestry.

Mr. Suresh Kumar further added that in the diversification plan of the state, agro forestry occupies 30% of

the investment. Government would like to promote agro forestry in foot hills of Shivalik and water logged

areas.

Dr. Baldev Singh Dhillon expressed his concern about how other states have taken a lead over Punjab in

the last few years in the Agro and Food Processing sector.

He iterated that the time has come when Punjab should move ahead from Agriculture to Agri-business.

The state needs to identify best practices and benchmark the practices being followed in Punjab against

them.

Dr Dhillon mentioned that it is very important that Punjab should focus on marketing of Agri produce.

Good marketing would go a long way in solving the problems of farmers in Punjab and further they will

be able to produce all types of crops depending on the environmental conditions.

3. Q&A Session

Mr. Suresh Kumar summarized the views of the panelists and started the question & answer session.

A question was raised that although Punjab is considered to be the best region to grow seed potatoes but

there is no monitoring of the system and the seed crops are getting destroyed. It was suggested that the

government declares Punjab as seed growing zone so that the state can export seed crops to rest of the

world. Further it was suggested that the banks and financial institutions should change their mindset

towards food and agro processing sector. Mr. Suresh Kumar mentioned that the state is working towards

the same.

Another question was raised regarding effect of VAT benefits announced under the new package of

incentives when GST will be enforced. Answering the query, Mr. Suresh Kumar informed the audience

about the package of fiscal incentives issued by the government on 5th December, 2013 to support the

sector. He briefly explained the incentives offered by the Government including incentives through

retention of VAT, CST and exemption of electricity duty, stamp duty and property tax. He also told that

government has constituted Punjab Bureau of Investment Promotion (PBIP) which is a single point of

contact for all investments in the State. All the MoU’s/ projects will be processed by this new set up and

the Bureau will have specialized officers deputed from all the regulatory departments of the government.

Another query was raised with regard to the status of investment if the incentives under the current

package of incentives are withdrawn by the government.

As an answer to this, Mr. Suresh Kumar addressed the concern of the investors regarding incentives

proposed by the Government. He informed the group that the government’s policy has come a long way

since 2003. The policy regime that has evolved now is going to be stable and sustainable. Policies take

time to evolve and the policy that Punjab has introduced now is more investor friendly and better than that

of many other states. It will be a live document and will continue to go through further changes. He

assured that government will not go back on the incentives offered.

A suggestion was put forward by a member of the audience informing about the new crop Stevia. It is a

natural sweetener and Punjab has favorable climate to grow it. It uses 80% less water as compared to

other crops and also helps in preservation of soil. Mr. Suresh Kumar appreciated the suggestion.

Another question was raised regarding the definition of farmer’s interest. Addressing the same, Mr.

Suresh Kumar mentioned that the farmers in Punjab have reached level of prosperity and government of

Punjab cannot compromise on that. Government would like to maintain, sustain and grow that level of

prosperity.

4. Recommendations

1) The shortage in agricultural production can be addressed by developing marketing and distribution

systems in the agri Sector. Strong connections between farmers and marketers are required.

2) It is important to propagate use of sanitary and dry storage facilities to avoid agri produce wastages

and thereby reducing the risks faced by the farmers.

3) Punjab should move ahead from agriculture to agri-business. The state needs to identify best

practices and benchmark the practices being followed in Punjab against these best practices.

4) Punjab should focus on mechanization of agriculture sector to achieve higher production goals.

The session was closed with a vote of thanks to the panelists by Mr. Suresh Kumar.

X. Light Engineering and MSME sector in Punjab: Towards

Engineering Excellence

1. Opening Speech: Mr. Karan Avtar Singh, IAS, Principal Secretary, Department of Industries &

Commerce

Mr. Karan Avtar gave the introductory remarks and shared his views on three important points regarding

the Investors Summit:

Why the Summit? – Mr. Karan Avtar Singh mentioned that the Summit is being held not just to attract

investment but also because a lot of groundwork has been done by the Government to help businesses be

more competitive and to help them locate in Punjab. The businesses in Punjab were somehow not

projecting strongly enough that Punjab is indeed one of the best places in Asia for investment. The true

standing of Punjab as an investment destination needed to be projected, and hence, this was the right

moment to go and announce the same to the world.

Why at the Indian School of Business? – The Indian School of Business is a product of a vision which

started about a decade ago and Punjab is lucky to be home to the Indian School of Business (ISB). ISB is

keen to understand how it can help the industry to be more innovative and to be more creative in creating

new enterprises; ISB could act as a forum for the industry in Punjab where Venture Capitalists, Investors,

and other knowledgeable Industry members can come together to act as angels to new investors and also

help older units to move towards new technology.

The way forward – Mr. Singh mentioned that he would like inputs from the industry leaders on the way

forward and also get a view of the industry on the various policies of the Government.

2. Panel Discussion

Participants:

Name Designation Company

1 Mr. Yashovardhan Saboo Managing Director KDDL Ltd.

2 Mr. Upkar Singh Ahuja Managing Director New Swann Group

3 Mr. Mahesh Munjal Managing Director Majestic Auto Ltd.

4 Mr. Swaminathan Dandapani Chairman Manipal Hospitals

Mr. Yashovardhan Saboo moderated the session.

Brief introductions by the moderator

Karan Avtar Singh, Government of Punjab: Mr. Karan A Singh is a visionary for business and industry

with great exposure to international businesses.

Swaminathan Dandapani, Manipal Hospitals: Mr. Swami has rich and wide experience in BPOs and

engineering industries across the world.

Mahesh Munjal, Majestic Autos: Mr. Munjal heads the Majestic Auto business which is involved in

various diverse manufacturing activities.

Upkar Singh Ahuja, New Swann Group: The New Swann Group is involved in auto components and

precision instruments and has been a part of the industrial growth story of Punjab.

Yashovardhan Saboo, KDDL Ltd.: KDDL Ltd., more commonly known as Kamla Dials and Devices

Ltd., is in the field of precision engineering manufacturing watch components and is also present in the

service industry as a watch retail chain.

Panel Discussion

Mr. Upkar Singh Ahuja, Managing Director, New Swann Group, informed the audience that he has

been working in the Micro, Small and Medium Scale Enterprise (MSME) Sector for the last 32 years

beginning from the shop floor. He added that Human Resource Development (HRD) is one of the most

important aspects in the MSME Sector. He mentioned that the MSME sector primarily consists of family

run businesses and is mainly present in Ludhiana, Jalandhar and Amritsar. Further, he remarked that HRD

is one of the weakest links for the MSME Sector and urged the government, the industry and the

associations to work hard to strengthen it.

He mentioned some key factors why MSME does not attract good quality manpower:

Unattractive salary packages

Lack of brand value

Lack of corporate culture

Mr. Ahuja remarked that to attract good quality manpower, the industry needs to work with educational

institutions and provide the students with hands-on training at factories and eventually absorb them in the

industries. He mentioned that the Skill Development Initiative (SDI) Scheme is a very good initiative by

the Government of Punjab to promote skill development.

Mr. Ahuja’s company has set up a vocational training centre with the help of Directorate General Of

Employment & Training, Ministry Of Labour and Employment, Government of India. The training centre

has courses related to the metal working industry. The Government is paying Rs.20 to 25 per hour for

providing this training and hence, it acts as a self-sustainable model with no extra cost to the company.

Mr. Ahuja urged the Government of Punjab to provide soft loans to those organizations which are

providing such trainings to help with the institutional costs for the training.

Mr. Mahesh Munjal, Managing Director, Majestic Auto Limited briefly spoke about the slowdown in

the economy highlighting the various highs and lows which the economy suffered over the past few years.

He highlighted some of the advantages of investing in Punjab:

Low involvement of unions in the functioning of the company

Easy availability of productive labor

Power surplus state

High percentage of educated population

Easy government clearances

Good law and order conditions

Mr. Munjal praised the new industrial policy of the Government of Punjab and highlighted how Punjab’s

location will act as an advantage to the industry.

Mr. Munjal stressed on the importance of Research & Development in the field of Light Engineering and

Micro, Small and Medium Scale Enterprise (MSME) and suggested that the industry in Punjab needs to

take a leaf from the books of European, Chinese and Taiwanese companies which spend a substantial

amount in Research & Development (R&D). The focus of R&D should be on Four P’s: Product, Process,

Packaging and Pricing. The Light Engineering and MSME Sector needs to innovate in terms of design

and development to compete with the world.

Mr. Swaminathan Dandapani, Chairman, Manipal Hospitals, initiated his speech by saying that Punjab

combines the strength of the agro and the engineering sector and that the ‘Micro, Small, and Medium

Scale Enterprises’ sector is truly the most relevant in the state of Punjab. He mentioned that 90% of

organizations worldwide which are productive and create value are small and medium enterprises. In

India, there are over 50 million people working for over 25 million small and medium enterprises. Small

and medium enterprises contribute almost 50% of India’s production and exports.

He gave an alternate definition of GDP and coined it as Growth, Differentiation and People. The mantra

of growth is PSPD: Profitability, Scalability, Predictability, De-Risking. He added that differentiation is

about constantly innovating in terms of people, process, technology, quality and product.

He termed the abbreviation SCAM as Social Media, Cloud, Analytics and Mobility, and suggested that

SCAM is going to affect all organizations and the ability to use these tools well will keep organization in

good stead in the future.

Mr. Swaminathan stressed that to differentiate; the right quality of people is required. He further

highlighted the abbreviation CLAP(T)S – Customer centricity, Low cost operations, Attention to detail,

Prompt response, Trust/Teamwork/Technology & Simplifying processes; and further suggested that to

attract the right quality of people, using these elements is necessary.

Mr. Yashovardhan Saboo, Managing Director, KDDL Ltd. wrapped up the session by stressing on the

fact that that excellence in quality is the hallmark for success. He further added that India has become

price competitive when compared to China. He mentioned that if product design is mastered, the costing

of the product becomes irrelevant. Lastly, he added that the takeaway from the discussion for the

Government and for all entrepreneurs is to invest in excellence by creating product design centers,

promoting vocational skills training and creating logistics systems. Employability is the key concern for

India which can be tackled by developing the manufacturing sector.

3. Q & A Session

A question was raised on how the Punjab Government can bridge the gap between Punjab and other

adjoining states on Excise Taxation; which is present due to disparity in the Excise Taxation policy of the

Government of India. Mr. Upkar Singh Ahuja replied by saying that the effect of this tax on the total cost

is minimal and that these taxes are levied by the Central Government and hence not under the purview of

the State.

Another question was raised about the China gameplan: Is China a benchmark, challenge or threat? Mr.

Yashovardhan Saboo responded that China is not a threat but a benchmark and that there is a lot of

learning from China for India in terms of efficiency, technology and training. Mr. Swaminathan added

that China has taken great advantage from the demographic dividend and that China should be treated as a

place to learn from by imbibing the best practices and global benchmarks.

A further question was raised about the implementation of the Single Window System and on about the

schemes for the existing industry in Punjab. Sh. Madan Mohan Mittal, Hon’ble Minister for Industries &

Commerce, responded by saying that an Investment Bureau has been set up for facilitation of industry and

would act as a “single room” for all clearances in a timely manner.

Sh. Madan Mohan Mittal, Hon’ble Minister for Industries & Commerce gave the closing remarks for

the session. He urged that China should be treated as a benchmark and pointed out that the industry has

done well in Punjab in spite of various problems faced by the State.

The concept of Single Room Clearance for the industry, which will have a Chief Executive Officer

assisted by other departmental officers, will exclusively track the applications of investors and the

process shall be time bound and in synchronization with the timelines defined for the clearances. The

Hon’ble Minister further stressed on the paramount importance of research for development of industry.

4. Recommendations

The main recommendations from the session were as follows:

1) To create a forum for industry to discuss and share ideas and innovation in the industry.

2) To create product design centers to promote innovation in the industry.

3) To develop the manufacturing sector to encourage employment in the region.

4) To focus on Research & Development to improve upon the design and cost factors.

5) To incentivize the industry to promote skill development.

6) To understand the importance of social media, cloud, analytics and mobility to the industry

XI. Focus Taiwan-Business opportunities with Taiwan

1. Opening presentation: Mr. Suresh Kumar, IAS, Financial Commissioner Development,

Government of Punjab

Mr. Suresh Kumar, IAS, Financial Commissioner Development, Government of Punjab commenced the

session and welcomed all the delegates. He introduced the distinguished panelists and briefed the

delegates about the objectives of summit, new policies, and incentives for investments in Punjab and the

opportunities for Taiwanese investors in Punjab.

He spoke about the similarities between Taiwan and Punjab which include a strong base in industries such

as food processing, agriculture and light engineering along with synergies between Punjab and Taiwan

with Punjab having a strong manufacturing base whereas Taiwan having an efficient technology in

hardware and electronic goods and a dynamic workforce.

Mr. Kumar spoke about the advantages that Punjab has, including strategic location, robust infrastructure,

skillful talent, ease of doing business, fiscal incentives, established Industrial clusters, connectivity to

markets and strong macro-economic indicators with stimulating business environment.

With regard to the incentives, Mr. Kumar elaborated that incentives offered by the State include no

property tax, no stamp duty on land registration, VAT retention, and single point clearances.

He further elaborated that there is 100% FDI in agri & food processing, single brand retail and

construction & housing while 74% FDI in telecom and 51% in multi brand retail.

These incentives along with a strong MSME base and good quality of life makes the state the most sought

after investment destination.

Further, Mr. Kumar touched upon the aspect that strong collaborative environment is available due to

various synergies. These include sectors like IT and Electronics where India has the edge in software

technology whereas Taiwan has a strong hardware base. Another sector is Infrastructure wherein Taiwan

has a strong technical knowhow and India has numerous pipeline projects especially in Punjab. Light

Engineering is another sector with strong synergies since Taiwan has a strong technical base and Punjab

has a vast manufacturing base.

Textiles is another sector with strong synergies where Taiwan is large exporter and Punjab have a strong

manufacturing base and clusters.

Mr. Kumar further elaborated on the future investment opportunities in various other sectors including

food processing, manufacturing of bicycle and auto parts, textiles and renewable resources.

Elaborating on each of these sectors he mentioned that along with food processing sub-sectors like cold

storage, warehousing, floriculture, post-harvest mechanization and development of agri machinery have

tremendous potential.

Further, Punjab is the largest manufacturer of bicycle parts in Ludhiana with a strong manufacturing base.

In Textiles the areas of opportunities include blended yarn production, readymade garments, and retail

chains.

In the renewable energy sector, there is a vast potential to setup small, micro and mini hydel plants in the

state. He further mentioned that 20 million tons of biomass produced from one crop of paddy goes

unutilized. He announced that the target production is 600 MW from biomass, 1000MW from solar and

600 MW from hydel power.

During his address, Mr. Kumar mentioned that Kirloskar has signed an MOU for solar pumps for the

agricultural sector. He informed that 98% land area in the state is irrigated. 27% of this area is irrigated

through canals and the rest73% water comes from ground. Punjab has a strong water distribution network

of 14,500 kms.

Other opportunities include BRTS, bio sciences, healthcare, urban infra, transport systems up gradation,

road network enhancement, skills and training. The state is aiming to achieve 24 hour water supply in the

next 3 years and there is a tremendous opportunity to invest in this sector.

Panel discussion

Participants:

Name Designation Organisation

1 Mr. C. L. Vee Vice Chairman Shinkong Synthetic fibre Corporation, Taipai

2 Mr. John. H. Lin Vice Chairman CTCI Corporation

3 Ms. Susan Wang Managing Director AFTA Technology Co. Ltd

4 Mr. Hur-Lon Lin CEO Green Energy Company, Titum Group

5 Mr. Kamal Oswal Advisor Industries, Punjab &

Head of Oswal Group & Nahar

Group

Oswal Group

Session was also attended by Shri Parmidner Singh Dhindsa, Hon’ble Finance Minister, Government of

Punjab, Mr. Roshan Sankaria, Principal Secretary Higher education and Ms. Alaknanda, MD of Punjab

Milkfed.

Brief introductions by the moderator and panelists:

Mr. C. L. Vee: Mr. Vee is the Vice Chairman of Shinkong Synthetic Fibre Corporation in Taipai. The

company began operations in May 1970. Continuous gradual expansion has led to three main factories in

Taiwan, boasting a total combined area of about 444,000 square meters, and producing 2075 tons of

polyester products per day. Additionally, the company also commands manufacturing sites in China and

Thailand. Shinkong Synthetic Fibers Corporation is specialized in the production of polyester fibers and

plastics. Products include textured filament yarn, POY, polyester staple fiber, industrial yarn, polyester

chips, PET bottle grade resin, PET bottles, PET preform, engineering polymer and its compounded

plastics, polyester film, optical grade films and A-PET sheet.

Mr. John. H. Lin: Mr. Lin serves as a Vice Chairman at CTCI Corporation. He assists the Chairman

and is co-responsible for planning and approving of all investment, major operation-management, and

corporate business development of short, middle and long-term strategy. He served as an Executive Vice

President, Senior Vice President and Vice President of CTCI Corporation. CTCI Corp. is the largest

integrated engineering and construction firm in Taiwan, with around 2000 employees. In the recent years,

the company has been striving to expand its engineering experience in refinery, petrochemical, general

industrial and power plant, even in environmental protection, energy and transportation throughout the

world.

Ms. Susan Wang: Ms. Wang serves as the Managing Director of AFTA Technology Co. Ltd. AFTA

Technology Co. Ltd. is located in Tainan, Taiwan. This company is working in industrial equipments,

electrical goods, air conditioning, mobile phone shops, phone accessories, car parts and accessories

business activities. AFTA Technology Co. Ltd. has more than 30 years of professional plastic technology

and marketing experience with more than 80 countries.

Mr. Hur-Lon Lin: Mr. Lin serves as the CEO of Green Energy Technology. He also serves as Senior

Vice President at Tatung Co., Ltd. Green Energy Technology (GET) is a leading manufacturer of

multicrystalline solar wafers based in Taiwan and China. GET was established in 2004 supported by one

of the largest groups in Taiwan TATUNG. Their main products, multicrystalline solar wafers with

different power outputs, are sold to solar cell and module manufacturers in major markets globally, such

as Taiwan, China, Japan, Korea, India, Europe and United States. GET manufactures solar wafers from a

wide range of silicon raw materials, including polysilicon, and reclaimable silicon raw materials such as

scrap wafers, pot scrap and tops and tails of ingots sourced from suppliers and semiconductor

manufacturers.

Mr. Kamal Oswal: Mr. Oswal is the Vice Chairman and Managing Director of the Nahar Group. He has

business experience of more than 30 years in the Industry. The Nahar Group, established in 1949, is

currently into manufacturing of woolen fabric, knitwear, garments, sugar, power and other products. It

has a group turnover in excess of Rs. 6000 Crores and more than 30,000 employees. The major group

companies include Oswal Woollen Mills Ltd., Nahar Spinning Mills Ltd., Nahar Industrial Enterprises

Ltd., Nahar Poly Films Ltd., Monte Carlo Fashions Ltd. and Nahar Capital & Financial Services Ltd. The

group has multi location plant facilities and diversified business with major presence in textiles as a

vertically integrated company (i.e manufacturing cotton yarn, cotton fabrics, denim fabrics, woolen yarn

and garments), retail business having pan India brands i.e. Monte Carlo, Canterburry.

Panel discussion

Mr. Lin initiated the panel presentations. He talked about the Taiwan economic culture in India and

synergies between the two countries.

Further, Mr. Lin shared his experience over last 2 days which includes his visit to Rock Garden and the

traditional cultural performance which helped him in understanding the tradition of Punjab. He thanked

Punjab for its hospitality. He said that the people of Punjab are proactive, hardworking, efficient and

similar to Taiwan. There is a huge scope for strengthening the business collaborations.

He informed the delegates about the Taiwan India business association which was established in February

2013. It is a non-Government and non-profitable organisation comprising of 80 members from company

enterprises, other agencies & individual. Its mission is to focus on business link between India and

Taiwan. He also introduced Mr. George Lin, Chairman of Taiwan India business association.

He also informed the delegates about the background of his world class Engineering & Construction

Company with revenue of 2 Bn USD. Its business segment covers Engineering & Construction

Infrastructure for power, water, transportation, industry, oil and petro chemicals.

He highlighted about the MOU with was signed with the Punjab Government the previous day. He also

said that he is expecting a one to one meeting with Punjab government to convert this Memorandum of

Understanding to Memorandum of Commitment.

Ms. Susan Wang, started her address informing the delegates about the importance of plastic in the

today’s scenario. She spoke about the initiative and support of Taiwan Government and the level of

commitment which Taiwan provides to its business partners.

She encouraged the audience that other than good quality, good servicing and good value of investment,

the Taiwanese like to do business with a smile.

She informed that Africa with 960 million populations will be a huge market potential for Punjab. Punjab

and Taiwan should collaborate to tap the African market.

Mr. Hur Lon Lin, shared a brief overview about his company which has been operating since last 95 years

and has several verticals like home appliances, energy saving division, wires, desktop computers etc. He

spoke about the future potential in saving energy through efficient lighting, and air conditioning systems.

He informed the delegates about the solar pumping system which the company is pursuing actively and

would like to collaborate with Punjab to improve irrigation. He talked about the importance of ground

water in Africa and showed his interest in collaborating with Punjab to tap the African market for the

similar innovation.

Mr. Kamal Oswal, spoke about the similarities which Taiwan and Punjab are sharing and collaboration

opportunities arising out of these similarities.

He spoke about the key areas in which Punjab would like to learn, specifically in the areas of electronics

and food processing.

He informed the delegates about the advantages of Punjab as an ideal place for investment including

strategic location, availability of skilled talent, stable political system and robust infrastructure. He shared

a brief overview about his group which has a presence in retail, textiles, and renewable energy. He

mentioned about his strong relationships with Punjab Government.

Mr. C. L. Vee, appreciated Government of Punjab to sponsor this mega event. He gave a brief description

about his company which was setup 60 years back and is one of the top 10 companies in Taiwan. He

talked about the problem of hiding global workforce in fear of insufficiency mainly in the labour intensive

textile industry in Taiwan.

He talked about the future opportunities existing in scientific textiles, mainly use of polyester in every day

electronics, plastics etc. He further shared that the Taiwanese have more than 40 years of experience in

this field and they are ready to share it with India. They are looking for new suppliers and partners to

develop business here and to increase work opportunities for people of Punjab.

He spoke about the initiatives taken by Taiwan in the last 20 years including assistance to China and

competing with markets like Hong Kong, Beijing etc. He further mentioned that the Punjab can consider

Taiwan as an entry point to other global markets such as China, Australia etc.

The audience was informed that CTPC bank, the only Taiwan bank based in Delhi & Mumbai, will

provide tremendous opportunities like commercial loans and commercial funding leverage to those

seeking to invest in Punjab.

2. Q&A Session

Mr. Suresh Kumar summarized the views of the panelists and started the question & answer session.

Dr. Gulshan Sharma, President of North India Management Association, spoke about the initiatives taken

by ASEAN in which 10 countries are sending 2 students for doing MBA in Punjab. It is a 2 year

programme started on 1st August, 2013, specializing in various fields namely tourism, hospitality, retail,

IT, banking insurance services. He offered the same initiative to Taiwan and welcomed their students to

attend this programme.

In conjunction, Mr. Lin from CTCI shared his experience in India. He talked about the initiative taken by

Taiwan National Chinkau University in 4 universities in Delhi to teach Chinese language. He mentioned

that learning the language would give a lot of business advantage to Indian students. On behalf of Taiwan,

he extended his support.

Mr. Sai from Shanghai Universal Investment Company showed his interest to invest in manufacturing of

solar panels, and to develop 50 MW with USD 70 Mn investments in India. He briefed about his

company DS Tech Ltd. which is a part of the universal group, founded in 1980s and having over 30 years

of manufacturing experience in hand tools. It is amongst the top 2 in Taiwan and top 10 in the world.

Universal group has 3 core business units namely handtools, hotels and manufacturing of solar panels

with USD 250 Mn company and 1000+ employees.

Mr. Ralan, Chairman of Indian Export textile industry spoke about the scope of investing in nut farming

in Punjab. He informed the delegates about the potential turnover of about 40000 Taiwan dollars with a

total investment of 10000 Taiwan dollars. He invited the Taiwan delegation to come to India for

manufacturing in collaboration with co-partners in order to leverage Punjab’s potential.

Dr. Dinesh Dua, from the pharmaceutical industry questioned whether Indian companies can look for

outsourcing opportunities and do technology transfer and tap lucrative opportunities on a joint venture

basis. Mr. Lin from CTCI responded that it is possible and requested to reach out to Taiwan India

Business Association office.

Mr. Kuljeet Singh Shetty, Executive director, Gladelectronics, mentioned about scope of manufacturing

power presses for sheet components in India. He suggested the Taiwan delegates to bring in this

technology in India. Mr. James responded that they are looking forward to setup a R&D joint research

venture for technology transfer.

Mr. Satain Yadav, an agri business professional, talked about an integrated ‘farm to fork’ model executed

in the State of Uttar Pradesh. He suggested the Taiwan delegates to replicate this model for investing in

Punjab.

3. Recommendations

1.) Solar pumping system for the Agri sector has a huge potential for collaboration between Taiwan

and Punjab.

2.) Huge potential for future opportunities exist in scientific textiles mainly the polyester used in

every day electronics, plastics etc.

3.) Punjab is an ideal place for investment which includes strategic location, availability of skilled

talent, stable political system and robust infrastructure.

4.) Punjab can consider Taiwan as an entry point to other global markets such as China, Australia etc

for achieving the similar status.

The session was closed with a vote of thanks to the panelists by Mr. Suresh Kumar. He concluded

his speech by pledging to support the Taiwanese delegation for successful collaboration and he

exchanged mementos with the panelists.

XII. Textiles sector in Punjab: From Fibre 2 Fashion

1. Opening Remarks: Mr. Vikas Pratap, IAS, Director, Department of Industries & Commerce,

Government of Punjab

Mr. Vikas Pratap commenced the session by welcoming all the delegates. He introduced the panelists and

gave brief introductory remark on the importance of textiles in Punjab. Punjab is the 2nd

largest cotton and

blended yarn producer in India, accounting for 14 percent of India’s total production. The new package

of fiscal incentives provided by the Government of Punjab includes incentives such as retention of 90% of

VAT by the companies.

2. Panel discussion

Participants:

Mr. Rajinder Gupta moderated the session.

Mr. Kamal Oswal initiated the panel presentations. He spoke about the importance of textile sector in

India, which is second only to China in terms of spinning capacity and is a major employer in the country.

According to Mr. Oswal the three major advantages that Punjab possesses in the textile sector are:

Strong and diverse raw material base

Presence of strong entrepreneurial skills

Large domestic market: 15 to 20 percent growth in domestic consumption

Punjab has one of the highest spinning capacities in India with Ludhiana having nearly 95% of India’s

small scale hosieries manufacturing units. He praised the Government of Punjab for the new package of

incentives which provides VAT retention and other incentives.

He further highlighted the need to invest in production of value added products such as denim and

garments. He suggested that the industry should move to rural areas to meet labor demands and provide

more employment opportunities to women.

Mr. D L Sharma spoke about the evolution of the textile sector in Punjab. He mentioned that Ludhiana

has the biggest garment industry in the region. Currently the textiles sector in Punjab:

Provides 26% of the total employment

Contributes to over 45% of the state’s exports

Is present across the value chain from manufacturing of fiber to spinning, dyeing and retail

Name Designation Organisation

1 Mr. Rajinder Gupta Chairman Trident Group

2 Mr. Kamal Oswal Vice Chairman Nahar International Group

3 Mr. Ness Wadia Managing Director Bombay Burmah Trading Co.

4 Mr. D.L Sharma Managing Director Vardhman Group

5 Mr. Amar Choudhry Head- Corporate Strategy Arvind Ltd.

6 Mr. S.S Arora CEO Rainbow Denim

Punjab has over 125 large spinning mills with over 3 million spindles. The textiles sector in Punjab has

attracted investment of more than INR 14,000 crore. Major international design houses source their value

added products from Ludhiana’s knitwear cluster. Punjab is also an attractive domestic market for textiles

with a demand of over INR 7,000 crore per year.

Mr. Sharma appreciated the introduction of National Rural Employment Guarantee Act (NREGA) and

how it has helped in training local population and in lowering dependency on the migrant labor. He spoke

about Vardhman’s sewing thread business which has grown from INR 10 crore in 1985 to INR 600 crore.

Mr. Amar Choudhary highlighted that India is the largest producer of cotton fiber. He mentioned that

India is not performing well globally in the fabric and garment market. In recent times China has become

less competitive in terms of cost and India should take advantage of this opportunity. He is optimistic

about the textiles sector as cost and currency movements are working in its favor.

He stated that investing in Punjab has the following advantages:

Presence of raw material like fiber

Good political environment

Abundant power supply

Introduction of new fiscal incentives by the government

Mr. Choudhary discussed the importance of skilled labor in the textiles sector. He suggested a dormitory

model, similar to the one that is implemented in China, should be setup in Punjab to attract migrant labor.

He mentioned that it is important to invest in the value added segment for long term growth as the prices

are relatively inelastic and the manufacturer has greater control over the value chain.

Mr. Ness Wadia began his address by talking about Bombay Dyeing and its retail outlets in India. The

company is focused on the domestic market and has over 300 plus retail stores in India. In Punjab,

Bombay Dyeing has over 20 retail stores and hopes to create a one stop shop for home decorations.

New opportunities have opened up in the Indian textiles market due to increasing brand awareness and

larger retail space. He stressed on providing good quality products and manufacturer should focus on

consumer preferences and demand.

Mr. S S Arora highlighted the lack of growth in the technical textiles sector. He sees technical textiles as

an important business opportunity.

3. Q & A Session

Mr. Bagrodia from Winsome Textiles Industries Ltd. raised a question on the steps undertaken by the

Government for setting up of effluent treatment plants. Mr. Vikas Pratap, IAS, Director (Industries &

Commerce) responded by informing him about two common effluent treatment plants that are being set

up near Tajpur road, Ludhiana. The Government of Punjab has requested for funding from the

Government of India for setting up more treatment plants.

Mr. D L Sharma suggested that if irrigation discharge standards are met, the discharged water can be used

for irrigation purposes.

Mr. Amarjit Lakra from Super Fine Knitters raised questions on the capacity of the processing industry

and on the shortage of migratory labor. He suggested that setting up of the Common Effluent Treatment

Plant (CETP) should be a time bound program and should be addressed by the New Industrial Policy.

Mr. Amar Choudhry suggested that a top- down percolation of the benefits from the government could

solve the problem with the processing industry. To address the shortage of migratory labor, he suggested

that working women’s hostels could be setup on cost sharing basis.

Mr. K S Brar, Joint Director, Industries & Commerce asked about the reasons for lack of major design

houses in Punjab. Being the final frontier of high end fashion garments, he suggested that the major

industrialists should take up the challenge and establish design houses in the State. Institutes such as

NIIFT, Mohali can play an integral role for providing the necessary skills.

4. Recommendations

1. Various delegates raised the issue of technical textiles, which has wide range of uses from construction

to medical industry. They requested the government to encourage Research & Development in this field.

2. To attract migrant labor and address the labor shortage problem, hostel

facilities can be provided

3. Setting up of Common Effluent Treatment Plant should be time bound and

can be done with the help of private players

4. A delegate from Brand KS New York suggested that the Indian textiles

sector needs to be more innovative and transparent

Mr. Rajinder Gupta wrapped up by highlighting the growth of Indian textiles sector. With increasing

brand awareness, the Indian market is maturing and moving towards the western markets. He shared his

company’s success story and stressed on various aspects like quality and innovation.

Mr. Vikas Pratap, IAS, closed the session with a vote of thanks to all the delegates for providing

their valuable inputs.

XIII. Skills sector in Punjab: Skilling for Inclusive Growth

1. Opening presentation: Mr. AR Talwar, IAS, Principal Secretary, Department of Technical

Education, Government of Punjab

Mr. Talwar welcomed the panelists and audience for the discussion and stated that the theme “Skilling for

Inclusive Growth” is very close to the Hon’ble Chief Minister’s heart especially with respect to skill

development and employment generation in rural areas. He gave a presentation on the vision of skill

development in Punjab, the current ecosystem, challenges to be addressed as well opportunities for

investment in the sector.

2. MoUs exchanged

1) Skill Development Academy with Trident Group and Government of Punjab

2) Skill Development Academy with Tata Group and Government of Punjab

3. Panel discussion

Participants:

Name Designation Organisation

1 Mr. JP Rai Director General National Skill Development Agency, Government of India

2 Dr. Mohandas Pai Chairman Manipal University

3 Mr. HN Shrinivas VP- Human Resources Taj Group of Hotels

4 Mr. Atul Bhatnagar COO National Skill Development Corporation

5 Mr. Arunkumar Pillai COO IL&FS Skills

6. Dr Subash Bijlani Professor University of Maryland, University College, USA

Mr. JP Rai moderated the session.

Brief introductions by the moderator and panelists:

Mr. JP Rai: The National Skill Development Agency (NSDA) came into being in June 2013 and is

notified by the Government of India as the entity that subsumes 3 previous entities- Prime Ministers

National Council on Skill Development, National Skill Development Coordination Board and Office of

the Advisor to the Prime Minister. The mandate of NSDA is to have 50 crore skilled young people

available in order to derive economic dividend out of every young person in the country.

Dr Mohandas Pai: The Manipal Group runs seven universities- three in India and four abroad with

50,000 students globally. It produces 1,700 doctors a year which is the largest for any university system

in the world. It has a skill development company called Manipal City and Guilds with a capacity to train

20,000 people a year.

Mr. H.N. Shrinivas: Besides his assignment with the Taj Group of Hotels, Mr. Shrinivas heads a steering

committee set up by the Tata Group to address the skill development initiative and the vision of the

present Chairman. The Group aims to build capacity to train 1 million people in the country in the next 10

years under an independent program called Tata Strive.

Mr. Atul Bhatnagar: National Skill Development Corporation (NSDC) is a Public-Private enterprise

with the government owning 49% equity. The vision of NSDC is to skill 150 million people in next 10

years. NSDC funds private enterprise which will train 50,000 individuals in the next 10 years with 70%

employability. Further, it works to enable an ecosystem for skilling with quality by creating sector skill

councils and addressing state requirements.

Mr. Subash Bijlani: Dr. Bijlani is a professor at the University of Maryland, University College USA

which has 100,000 enrolments. Dr. Bijlani has been involved with Skill Development in Punjab for over

25 years. He has been past chairman of CII (Northern Region) and has chaired their National Committees

on Technology, Capital Goods and International Trade.

Mr. Arunkumar Pillai: Mr. Pillai heads skill development in the IL&FS Group. IL&FS Group is

involved in development of infrastructure, financial services and social infrastructure. IL&FS Skills is a

joint venture with National Skills Development Corporation. The mandate is to train over 2 million

people in the next 10 years and set up 100 skill development centres. The group has set up 37 centres with

2 centres in Punjab – at Barnala and Ludhiana in partnership with the Trident Group. It has trained 2.5 lac

people and placed them through placement linked programs. IL&FS Skills is also involved in skill

upgradation, government functionary training, training of trainers and skill development in schools. They

have a capacity to train 100,000 individuals every year.

Panel discussion

Mr. JP Rai re-iterated the theme of the session “Skilling Punjab for inclusive growth” and pointed

out the gross enrolment ratio in higher education in Punjab is around 19-24%. The gross enrolment

ratio indicates that more than 75% of the youth are not enrolling in higher education institutes.

Keeping this in mind, he raised a question on efforts made to identify and meet aspiration levels.

Further, he asked how we could handle opportunities to meet needs of large economies.

Dr. Mohandas Pai addressed these questions. He stressed on the importance of skills and higher education

in the economic development of the state as well as in removing social evils such as poverty. The main

challenge in skill development is difference in demand and supply of skill sets which has led to widening

of the skill gap. Dr. Pai highlighted the steps that Punjab needs to take for skill development.

Firstly, Punjab should look ahead at what kind of economy it wants to be by 2030 giving 5-year targets.

For example, if one looks at the composition of GDP in Punjab- 48% comes from services, but for India

the contribution of services to GDP is 60%. Punjab needs to look at the kind of industries it needs to

attract and based on their requirements develop a skill map for the state. Secondly, there is a need to have

a policy to incentivize labor. The state needs assess the employment requirement of industries over the

next 3-4 years and give them a training grant for development of required skills. Thirdly, there is a need

to look at the rest of India as a market for youth. India is a 2 trillion economy today and by 2032, it will

be a 10 trillion dollar economy. There is a need to assess the sectors and industries which would fuel this

growth and develop skills to provide ready talent for these industries.

The next step is to assess the skill requirements globally and develop Punjab as a global source of talent.

The demographic change around the world with respect to ageing of population provides opportunities for

Punjab to act as a global source of talent. Punjab can leverage it’s connect with NRI Punjabis as they can

provide linkages to global markets. He also gave an example of how Bangalore has invested in its people

and created high quality jobs.

Mr. JP Rai initiated a discussion on creation of a sustainable model which involves industry, skilled

workforce and the government and requested Mr. Shrinivas to elaborate on issues on creation of

this sustainable model.

Mr. Shrinivas commended the Punjab Government for taking initiative to address issues through this

platform. He has signed an agreement to set up a skills academy at Ropar with the Government of Punjab

and is also looking to tie up with more Industrial Training Institutes to expand activities of the academy

and targets to train 5000 youth in industry relevant employable skills. Regarding issues in the sector, he

clearly noted the absence of matured ecosystem for skill development like that in China, Germany,

England and US. Mobilization efforts that are required to attract people into relevant skills are inadequate.

Moreover, certification and accreditation of skills at different levels are yet to mature. There is a need to

be able to define sustainable models and build quality into the system in terms of curriculum development

efforts, define training methods, practical training and on the job training. He gave an example of China

where an ecosystem has been made with over 300,000 skill development centers. Their systems are

monitored, strengthened and evaluated for performance. He concluded by stating that his group aims to

imbibe such practices through the Ropar academy and expand to remaining parts of Punjab as well.

Mr. Rai asked Mr. Arunkumar Pillai to further elaborate on the issue related to the lack of an

ecosystem.

Mr. Pillai recalled the three different trends that existed when skill development picked up 2006- ITI

training, private sector training in IT and industry in-house training. These were parallel trends not talking

to each other. During 2007-2013 these are talking to each other with PPP models coming up. However,

the right mix is lacking with respect to definition of roles. He emphasized on the “quality at scale” aspect.

An ecosystem is steadily evolving but one needs to focus on aspects such as infrastructure, placements

and training methods. Also there is a need to focus on the youth as their aspirations are changing. For

instance, today the link between the academic and vocational system is not there, tomorrow when we

build these linkages and the vocational system integrates into the formal system, there will be much more

pride in being a part of certain trades. At this point the focus should be to get the PPP models right.

Mr. JP Rai raised another issue on the lack of training capacities as well as a paradoxical situation

on underutilization of capacities. He emphasized on the challenges of mobilizing candidates and

raised a question on how to tackle these issues related to mobilization.

Mr. Atul Bhatnagar addressed this question and stated that NSDC has done skill gap studies at district

level including studies for Punjab. These give an indication of youth aspirations and skill gaps by district.

For an entrepreneur in Punjab, these studies provide a good starting point. In terms of mobilization, a

scheme called STAR (Standards, Training, Assessment and Reward) has been initiated by the

Government. Under this scheme, anyone who undertakes a skilling program from September 2013 will

receive a reward of Rs 10,000 from the Government of India. The programs also go through an

assessment done by sector skill councils set up by NSDC comprising industry leaders who form job roles,

national occupational standards comprising curriculums against which the assessment happens. This leads

to high skill quotients and industry ready talent. In Punjab, the agricultural skill council has defined roles

for the farmers who are essentially entrepreneurs. This initiative is an important step towards achieving

mobilization of skills.

Mr. Rai indicated that the Sector Skill Councils are defining the number of people needed, different

skill sets needed in each category and how they ought to be trained and certified. In this regard, he

raised the question on how the quality issue may be addressed in order to convert employability to

employment.

Dr. Subash Bijlani emphasized that our higher education system has been in place for the last 66 years but

not even one higher education institute figures in the top 200 global list. Despite our efforts in training

and industry involvement, India still hasn’t achieved quality in the true sense. He commended the

Hon’ble Chief Minister’s passion towards skill development. He pointed out that most benchmarking

between skills institutes is done based on historical performance or among national players while the

industries are benchmarked internationally thereby creating a dichotomy. Another important issue being

faced is the quality of accreditation. Moreover, employability is not the criteria for quality of output of an

institute as often industry employs from institutes knowing that they are not adequate and thereby leading

to duplication of effort and resources to re-train these individuals. He concluded by bringing to attention

that Punjab was a leading state in the sector and had signed the first industry association MoU in 1989.

He emphasized on the need to refocus efforts in attracting investors by not limiting reach to Punjabi

origin individuals. He outlined his vision for Punjab where Punjab attracts higher education institutes as

the enterprising nature of Punjabi youth is unmatched. Notwithstanding, he concluded that attention to

quality is very important in order to achieve the goals with respect to skill development in Punjab.

4. Q&A Session

A question was raised with respect to dearth of skilled workforce in the MSME sector. MSME sector is

dependent on migrant labor as youth prefer to work in big corporate. Mr. JP Rai addressed this question

by mentioning that the sector skill councils do tend to be dominated by large corporates. He pointed out

that the Government of India has a provision for 150% tax deduction for training expenses undertaken by

the industry. Moreover, he believes that training grants may not give enough incentive to individuals to

move their base.

Another question was raised with respect to the stress on services rather than products and the lack of

focus on new technologies by colleges. Dr. Pai mentioned that this is due to the lack of dialogue between

academia and industry. He brought the example of Infosys’ training program called ‘Campus Connect’

where 500 engineering colleges worked with them to develop their curriculum. He also highlighted the

issue of resistance to change by the faculty of the institutes and the need to provide incentives to them to

take up new methods.

A further question was raised on the subject of going one step below the skill centres to the higher

education system. Dr. Pai mentioned that higher education needs to move from the monologue system

towards a more project based pedagogue. He brought in the concept of a “flipped classroom” where the

lecture is in the form of a video which the students watch before coming to the classroom. The lecture

time is used for discussion and problem solving.

Recommendations

1) The need to assess the skill requirements of the state in terms of 5-year targets and formulate skill

maps accordingly

2) Focus on Public- Private Partnership models, define clear roles of all parties involved and move

towards a sustainable and dynamic model.

3) Incentivize industry to focus on investment in individuals rather than capital

4) Attention to quality of skilling and benchmark globally

5) Incentivize higher education faculty to develop project based curriculums and teaching methods

The session was closed with a vote of thanks by Mr. B Purushartha, IAS, Director Technical

Education.

XIV. Valedictory Session Proceedings

1. Introduction by Dr. Iqbal Judge, Associate Professor, Government

College for Girls, Punjab University

Dr. Iqbal marked the conclusion of Punjab’s International Conclave. He pointed out that the past two days

had witnessed pioneers of industry showing strong interest in investing in diverse fields such as

healthcare, infrastructure, food processing, IT and light engineering. Also, expert advice and numerous

suggestions were welcomed during the technical sessions.

2. Members on dais

Name Designation Organisation

1 Shri Parkash Singh Badal Hon’ble Chief Minister Government of Punjab

2 Shri Sukhbir Singh Badal Hon’ble Deputy Chief Minister Government of Punjab

3 Dr. Karan Avtar Singh Principal Secretary to Government of

Punjab, Department of Industries and

Commerce

Government of Punjab

4 Mr. Rajinder Gupta Chairman Trident Group

5 Mr. Kamal Oswal Vice Chairman and Managing Director Nahar International

6 Mr. Vineet Nayyar CEO, Vice Chairman and

Managing Director

Tech Mahindra

7 Mr. Kurush Grant Divisional Chief Executive Director ITC

8 Mr. Ness Wadia Managing Director Bombay Burmah Trading Corp

9 Dr. Ajit Rangnekar Dean Indian School of Business

3. Report of proceedings by Dr. Karan Avtar Singh, IAS, Principal Secretary, Industries and

Commerce, Government of Punjab

Dr. Singh summarized the eight technical sessions that had been held in the two days of the summit.

Session 1: Housing, Infrastructure and Renewable Energy

Key recommendations included that infrastructure planning in the State should be done on a long term

basis and that the regulatory environment should be improved significantly so as to unleash potential for

investment in Punjab especially in Real Estate and Power. With respect to power, three bottlenecks- were

identified: fuel supply, land acquisition and long term financing. With respect to fuel supply and land

acquisition, efforts have been taken by the government with a fair degree of success.

Session 2: Biosciences and Healthcare

The biosciences industry in Punjab can develop rapidly due to the existing skill base and national and

international level skill institutes present, especially in and around Mohali. Key recommendations

included setting up of a Mohali Biosciences and a Biotech Cluster. Also, the state should focus on APIs

and Biosimilars which are generic drugs for which patents have expired due to huge demand worldwide

and export potential. Moreover, there should be focus on lifestyle diseases and early detection for diseases

such as diabetes and cancer. Also, counseling centers for these diseases should be set up.

Session 3: Information Technology

The main recommendations centered around three areas- Electronics Systems Design and Manufacturing;

IT enabled Services and Mobile Phones. The State Government should look at attracting investments in

Electronics Systems Design and Manufacturing and especially in mobile phones. India is one of the

largest importers of electronics equipment including mobile phones and that need not be the case in the

future. Punjab has reached out to major manufacturers in the world and also reached out to countries

especially in East Asia who are world leaders in manufacturing of electronic systems. In ITeS,

suggestions included moving up the value chain so Punjab can become a destination not only for software

service centers but create a cluster of software development companies. The promotion of innovation and

new enterprises was emphasized.

Session 4: Agro and Food Processing

The session saw a positive response to the newly announced fiscal incentives. The key suggestions

centered on diversification of agriculture and attention to supply chain management & logistics systems,

both in Punjab and in India. The State should be agnostic about the source and technology of this

investment – whether through direct investment or through local entrepreneurs.

Session 5: Light Engineering

It was discussed that MSMEs are the backbone of the light engineering sector/industry in Punjab. It must

be recognized that all industries- whether small or big- need to be globally competitive. There is a need to

be more proactive and benchmark practices, processes, designs and products with the best in the world in

order to truly add value.

Session 6: Focus Taiwan

The session covered a wide range of manufacturing and hi-tech sectors including electronics systems,

electronics systems design, renewable energy, construction and engineering design. It was discussed that

the cooperation between Taiwan and Punjab will go a long way and Punjab could be a gateway for

Taiwan to the rest of India.

Session 7: Textiles

Textiles is one of the strengths of Punjab and the State will continue to be a major exporter and supplier

with respect to entire value chain- right from raw material to finished garments. The suggestions put

forward during this session included enhancing of fiscal incentives considering the sector is a major

employer in the state. Secondly, value addition in fields such as fashion, technology and education.

Session 8: Skills

The session was well-attended by industry and academia representatives. The main recommendations

were centered on public-private partnerships and the panel suggested that it was the right way to go

forward in the sector.

4. Remarks by members on dais

Mr. Rajinder Gupta

Progressive Punjab and the showcase of opportunities in Punjab has been a game-changer for the state.

Mr. Gupta expressed his affinity towards the state and humbly exclaimed that he owes his success to the

State of Punjab. Punjab has created many entrepreneurs-the Oswals, the Bhartis, the Munjals and the

Mahindras, to name a few. This has been possible due to the favorable environment for business and

enterprise. He stressed on his own experience assuring that in Punjab, one can be what one desires and

further reiterated Hon’ble Deputy Chief Minister’s words in the inaugural address - Think BIG achieve

BIG.

Mr. Kamal Oswal

Mr. Oswal expressed that the industrial climate and vision of Punjab has undergone a sea change in recent

years under the dynamic leadership of Hon’ble Chief Minister and Hon’ble Deputy Chief Minister.

Hon’ble Deputy Chief Minister has delivered what he has promised during his first term – Power Surplus

Punjab. Punjab, considered a food producing state, is now focusing on industrialization with an

aggressive campaign through which leading industrialists have shown their commitments. One of the

most important considerations for investors is a stable political environment where policy decisions are

quickly taken. Punjab is one of the few states having a stable political environment and playing the role of

a facilitator rather than a regulator. The Nahar group has a total turnover of more than INR 6000 crores

with pan-India presence in fields of textiles, retail, renewable energy and sugar. 70% of the Group’s

business investments are in Punjab and it employs more than 30,000 employees making it the largest

employer in Punjab. 100% of Monte Carlo products are manufactured in Punjab. One of the major plus

points of Punjab is the excellent industrial climate- in the last 65 years, Nahar has never seen any

industrial unrest. One of most important steps taken by the state is setting up of the Punjab Bureau of

Investment Promotion (PBIP), the CEO of which is vested with powers to give regulatory approvals. Mr.

Oswal concluded by stating that the Nahar Group is committed to invest INR 1500 crore in developing

industrial parks and additional INR 300 crore in the textile industry.

Mr. Vineet Nayyar

Mr. Nayyar expressed his affinity to the State and stressed on the entrepreneurial talent among Punjabis.

He embarked the issue of the lack of an enabling environment with obstacles relating to the regulatory

system and lack of focus on skill creation. This has had an impact on GNP but a much bigger impact on

employment. Another distortion has been in the technology sector, which is growing but is manned by

people from middle-class or upper middle class who have access to the best of education, whereby

ignoring the rural population. In this regard, he appreciated the initiative by the State as it refocuses on

industrialization and creates an inviting environment. He mentioned that Tech Mahindra already operates

in Chandigarh in the IT domain but expressed that there is a need to focus on skill development to create

capabilities especially in the rural areas. He concluded by assuring to pursue this commitment.

Mr. Kurush Grant

Mr. Grant began his address by asserting that the last two days have led to a change in the attitude of the

Indian industry into re-believing Punjab as a growth story and as an excellent place to invest in. The new

industrial policy recently announced is clearly a progressive one and it is up to industry to implement the

same. He reiterated Hon’ble Chief Minister’s inaugural address stating that mere MoUs should not

suffice, and must be converted into actual investments. ITC is very keen on agro development and he

proposed to set up a very large agro network in Punjab, not only in conversion but in sourcing of agri

commodities. ITC already has a strong presence in the state: most potatoes in Punjab come from ITC’s

seedlings and most Poplar trees are sourced from ITC’s transplants. He believes that long-term agro

forestry is the future for agricultural progress and growth across the country. He further remarked that

industrial progress cannot happen without inclusive growth and promised that ITC’s contribution is going

to be inclusive and sustainable. One of the issues identified is that while infrastructure is excellent, there

is a need to increase freedom of transportation in the state to operate in a far more flexible manner and to

ensure that world class transport operators and logistics service providers come into the state. He

concluded by wishing the state the best in its endeavors.

Mr. Ness Wadia

The Wadia Group has been involved with Bombay Dyeing, Britannia, Bombay Burmah, GoAir and Kings

XI. Their association with Punjab has been for decades and he was happy to see how progressive Punjab

has been in terms of roads, infrastructure, the culture and the people. He pointed out that Punjab is known

for being forward looking and has been a leader not only in India but also abroad. He further applauded

the state for putting together the Indian School of Business with respect to the Government being the

conduit for business education.

Dr. Ajit Rangnekar

Mr. Rangnekar began his address on a thank you note for choosing the ISB campus as the venue for the

Summit. He recited the instance of setting up of the campus which was completed in the promised

timeline as an example of Hon’ble Deputy Chief Minister’s quality to stick to his commitments. He

stressed on the theory of “mega regions” which contribute 2/3rd

of the world’s GDP and 80% of the

world’s innovation as measured by patents, giving examples of the Silicon Valley, Boston to NY belt, the

NCR, Mumbai-Pune and Bangalore – Mysore- Chennai. He expressed that there is a large opportunity to

make Punjab another mega region which fuels growth of the nation if the government, industry, academia

and civil society work together. He aptly put together the concept of five new rivers that will make this

land industrially fertile- infrastructure, fiscal incentives, human power, governance and law and order,

and social infrastructure. He went on to say that any important region will attract the best talent from the

world and we cannot just rely on our own local capabilities. We must be able to attract the best talent in

the world, which will look for the best schools, healthcare, best entertainment, food and other things. A

number of new companies have signed up- which is a step in the right direction. He expressed that five

years from now; he would like to see the hall filled with not just people from other states, but from other

countries who will come to Punjab to learn from its success.

5. Exchange of MoUs

1.) Omaxe Ltd

2.) Shipra Estates

3.) Atius Space Builders

4.) Janta Land promoters

5.) TDI Infratech

6.) Bajwa Developers

7.) Gilco Developers

8.) Manohar Infrastructure

9.) A3G Infra

10.) Innovative Housing and Infrastructure

11.) Fortune Group

12.) Bestech India

13.) ATS Infra Ltd

14.) Shivalik Site Planner

15.) Jags Palazzo

16.) Amity University

17.) Ritesh Properties

18.) Monarque

19.) Tayal Technologies

20.) Mahindra Group

21.) VIR foods

22.) Indian Potatoes Ltd

23.) Chanakya Dairy Products

24.) Agro foods ltd

25.) Modern overseas

26.) Frigeria conserva Allana

27.) S&S Corporation

28.) Davinder Singh Grewal

29.) Anandum Agrotech

30.) Jag’s Palazzo

6. One-on-one meetings recap by Dr. Karan Avtar Singh

Dr. Singh briefed the audience on the series of meetings held between the various business leaders and the

Hon’ble Chief Minister, Hon’ble Deputy Chief Minister and Chief Secretary. He stated that all these

leaders expressed serious interest and commitment towards investment in the State.

Some of the key meetings held were with Arcelor- Mittal, Bharti, ITC, Infosys, Cargill, Coca Cola,

Adlabs, Videocon, Manipal University, Aditya Birla Group, Merck, Kirloskar, Italian delegation, Tech

Mahindra, Kuantam Papers and delegations from Italy and Taiwan.

7. Address by Hon’ble Minister for Industries and Commerce, Sh. Madan Mohan Mittal

Mr. Mittal expressed his thanks to Mr. Ajit Rangnekar from ISB for providing the venue for holding the

Summit. He also thanked all the delegates and the members of the organizing committee for making this

Summit a success.

He remarked that all promises made by various industry members during the road-shows have been

fulfilled at the Summit, which is reflective of the success of the Summit. He added that now the onus will

be on the Department of Industries and Commerce to carry forward the good work done during the

Summit. Also, he congratulated the Chief Secretary of Punjab for successfully carrying out all the

responsibilities.

He further added that 97% of traders in Punjab have been exempted from keeping account books as all

taxes will be deducted at source from January and further emphasized the importance of the Single

Window Clearance initiative by the Government of Punjab.

In the end, reflecting Punjab’s heritage and hospitality, he urged everyone to visit the beautifully designed

Khalsa Heritage Centre in the holy land of Anandpur Sahib.

8. Keynote address- Prakash Singh Badal

After a welcome note, the Hon’ble Chief Minister of Punjab reinstated the success of the Summit through

the positive publicity in the press and gave due credit to Hon’ble Deputy Chief Minister. He further

mentioned that he felt enlightened through his meetings with different industry groups and delegations in

spite of his long experience in the administration and also welcomed their suggestions.

He expressed that India has a lot to offer with respect to hard working people, raw material for industry,

power and the best agricultural land. He further raised the concern on the fact that despite being gifted,

economic progress is still not up to the mark and recommended a change in the Centre-State relationship

system with respect to autonomy.

He further stressed on the importance of one-on-one meetings with industrial groups for detailed

discussions with deputed officers. This Summit has enhanced position of Punjab in the country and he

lauded the success of the Summit evident through the interest shown by leading industries in signing

investment MoUs of over INR 65,000 crore. He expressed his confidence in commitment of investors and

also assured commitment towards the Government’s promises.

He concluded by congratulating the State on the success of the Summit.

9. Valedictory address: Shri. Sukhbir Singh Badal

Hon’ble Deputy Chief Minister thanked the participants for sparing time to attend the summit. He began

by stating that his belief in the policy of “setting your house in order before stepping out”. The summit

has been held only after Punjab has become ready with everything rather than with promises to act in the

future. He thanked the State and partners to the Summit who completed the task of organizing a summit

of this scale in a short timeline of three months. He remarked that the presence of industry leaders shows

encouragement but also gives the State a lot of work to be done. He mentioned that gaining and

maintaining credibility is the key factor to be kept in mind for the state.

He revealed that 117 companies with total investment of more than INR 65,000 crore have signed MoUs.

He further assured the audience that the state will work day and night to convert these MoUs into reality

and also revealed the dates of the next summit as Dec 9-10, 2014.

He concluded by reiterating that the government will continue to work towards making Punjab the

preferred investment destination not only in India but in the world.

10. Vote of thanks and closing by Mr. Karan Avtar Singh, IAS

XV. Learning Points

The officials from Government of Punjab, team members from KPMG and other private partners

displayed commitment in successfully delivering on a large scale investment summit and accomplishing it

in a record timeline of 3 months wherein other states spend preparatory lead time of 12-18 months. The

preparation to the summit saw active participation from the highest political and bureaucratic level

including Deputy Chief Minister, Chief Secretary, and Principal Secretary Industries. The senior

government officials also interacted with various companies in three domestic and one international

roadshow to create awareness about Progressive Punjab Investors Summit. From the roadshows to the

recording of the session proceedings, team members from KPMG were assigned to sector specific

committees and given individual responsibilities to deliver for their respective sector.

The event, which was first of its kind for the state of Punjab was hosted at Indian School of Business

(ISB), Mohali Campus which is an internationally reputed business school. The interactive sessions

provided an opportunity for investors to interact with the government officials and policy makers from

different departments and top industrialists in India.

Going forward, for future summits, a clear strategy along with dedicated project management should be

followed with pre-defined responsibilities and accountabilities entrusted to various stakeholders.

Some recommendations and potential areas of improvement are as follows:

Investor concerns should be taken into account and should be pro-actively mitigated

Highlight steps taken by Government of Punjab to promote business after the Investors Summit

More one to one meetings and roadshows to be organized as they left a very favorable impression on

the investors as helped in spreading awareness about the summit

Due to its large scope in Punjab, a session on “MSME and Entrepreneurship” is also needed

More information about schemes being run by central, state and international agencies should be

available for investors

Storyboarding, drafting the structure and obtaining buy-in from all stakeholders for the knowledge

content is required before detailing the document. A single point of approval should be defined for

various deliverables like sector specific contents of collaterals, presentations, session briefs etc.

Maintaining a single point of contact, especially in MoU follow ups, for data collection to reduce

duplication of work. Concerned departments should keep all stakeholders in loop and should be made

responsible and accountable for rigorous and regular follows ups.

Training liaison officers well in advance on interfacing with the investors would enable them to

coordinate effectively. The Liaison officers should have a basic know-how of the sector/industry

which the person with whom he is attached.

Since interaction with investors is mostly through email, government personnel should use official

email ids and investor queries should be responded promptly.

Computerization of registration kiosk during the event is needed to enable quick follow up and

maintain database for future interactions.

Finalizing the annual calendar for domestic and international participatory/hosting events including

level of participation for key events

Information disbursal (including session details, logistics etc.) to panelists and participants with a

higher lead time to ensure better participation and fewer dropouts

Disbursement of category wise event passes in a more planned and coordinated manner

Onboarding of other partners (event, institutional, media, IT etc.) need adequate lead time. This

includes clearly defined KRA’s which are mutually exclusive amongst each partner.

Dedicated time for the media needs to be set aside prior to facilitate relationship building


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