Punjab News: Punjab marked a major milestone in its industrial reform journey by launching Phase 2 of the FastTrack Punjab Portal under the dynamic leadership of National Convenor of AAP Sh. Arvind Kejriwal and Chief Minister Punjab S. Bhagwant Singh Mann .
Cabinet Minister Sanjeev Arora informed that the upgraded single-window system now offers 173 Government-to-Business (G2B) services across 15 key departments, delivering faster approvals, digital tracking, auto-deemed clearances and enhanced transparency—further strengthening the state’s ease of doing business environment.
Furthermore, he added that a key advancement in Phase 2 is the introduction of the PAN-based Single Business Identifier, which consolidates all approvals, incentives, inspections and compliance requirements under one unified digital identity. The newly added E-Vault now allows investors to securely store documents and government-issued clearances, eliminating repetitive submissions and significantly reducing processing time.
He said our department continuously evolved with system upgrades to stay user-friendly, relevant and aligned with investor expectations. He highlighted major improvements including advanced scrutiny protocols, digital Green Stamp Paper issuance, expanded RTBA coverage and lifecycle-based workflows—positioning FastTrack Punjab as a comprehensive platform for industrial setup, expansion and operations.
Industries & Commerce Minister Shri Sanjeev Arora emphasized the significant reforms introduced under the Punjab Right to Business Act (RTBA). He shared that ten major state-level clearances—including land allotment, construction permissions, environmental clearances and approvals related to PSIEC industrial parks—have now been brought under RTBA’s fast-track mechanism.
He announced that eligible projects located within approved industrial parks will now receive in-principle approval within five working days, while all other non-RTBA cases will be accorded clearances within a maximum of 45 working days. He stated that Phase 2 marks FastTrack Punjab’s evolution into a true lifecycle-based portal, covering establishment, expansion and operational permissions on a seamless digital platform.
Moreover, he stated that Invest Punjab has developed India’s most advanced single-window portal—a unified, single-entry and single-exit digital system that significantly enhances the ease of doing business in the state. He said Phase 2 is not merely an upgrade but a transformational leap towards greater speed, transparency and investor confidence, further positioning Punjab among the most efficient and investor-friendly states in the country.
He reiterated the government’s mission to build a governance ecosystem driven by technology, accountability and service quality to support sustained industrial growth.
Punjab’s investment momentum continues to remain strong, with ₹1.40 lakh crore worth of investments and over five lakh jobs created since 2022.
