Green Stamp Paper initiative of CM Mann government boosts Industrial growth in Punjab

Punjab E News: Punjab is witnessing a new wave of industrial development under the leadership of Chief Minister Bhagwant Mann. The state government’s policies have transformed Punjab into a preferred investment destination, streamlining industrial establishment processes and creating significant employment opportunities.
A Simplified Process for Industrial Development
The launch of the ‘Green Stamp Paper’ for industrial approvals has made Punjab the first state in India to introduce this innovative mechanism. This initiative simplifies the process for obtaining an Ease of Doing Business (EoDB) certificate, significantly reducing approval timelines for industries.
Investors can now procure the Green Stamp Paper online through the Punjab government portal or the Invest Punjab office.
Approvals for small and medium enterprises (SMEs) can be completed in 15 days, with automatic approval granted by the 16th day if no objections arise.
Investment Surge in Punjab
Punjab has attracted over ₹80,000 crore in investment proposals, spanning sectors like IT, agriculture, food processing, manufacturing, automotive, and real estate. Key regions benefiting from these investments include Mohali, Ludhiana, Amritsar, Patiala, and Fatehgarh Sahib.
Prominent outcomes:
More than 5,000 investment proposals have been received.
These proposals are expected to generate nearly 4 lakh jobs across the state.
Empowering MSMEs
Punjab’s industrial growth strategy emphasizes the development of Micro, Small, and Medium Enterprises (MSMEs):
The state is home to over 1 lakh MSME units, contributing significantly to employment and economic output.
Of these, 99,639 are micro-enterprises, and 1,057 are medium and large enterprises, reflecting robust growth across sectors.
A Thriving Industrial Environment
To ensure seamless operations for industries, Punjab has:
Established one-window clearance for all approvals, enabling quick decision-making.
Waived charges for additional clearances related to land, environment, and fire safety.
Employment and Economic Growth
The rapid establishment of industries is driving job creation:
Nearly 12 lakh jobs have already been created in production and ancillary sectors.
The government anticipates a surge in employment opportunities as new industrial units come online.
A Bright Future for Punjab
The Green Stamp Paper initiative, coupled with progressive policies, has positioned Punjab as a leading industrial hub. The government’s commitment to fostering a business-friendly environment is ensuring sustainable growth, benefiting investors and the youth alike.
Chief Minister Bhagwant Mann said, “Punjab is building a future where industrial prosperity and employment opportunities go hand in hand. This is a testament to the state’s progressive vision and efficient governance.”
With these reforms, Punjab is setting a benchmark for industrial development in India.