The health sector in Punjab, seems to be healthy enough

The health sector requires special attention in order to drive growth, employment and economic prosperity in a state. The government of Punjab appears to be conducive towards a revolutionary change in the health sector of the state. Raising investment in various specialty hospitals in the state, with due emphasis on economic concerns has contributed significantly to the economic development and the increasing Gross Domestic Product (GDP) growth rate in Punjab.

The health sector in Punjab, seems to be healthy enough.png

It would not be wrong to claim that, the health care sector and the human resource development forms the backbone of an economy. Keeping in view the same, the health care sector occupied a pivotal place in the Progressive Punjab Investors’ Summit. The Summit aimed at enhancing the health sector in Punjab, by offering the most lucrative incentives to the pharmaceutical industry and the health care sector followed by providing single – window service for the efficient and effective clearances of such proposals. The computerization of health care records of all the government hospitals, and the policies in favor of the Below Poverty Line (BPL) people has resulted into a quantum jump in the productivity and the functioning of the health care sector in Punjab state.

There are various specialty hospitals operating in the state some of them include Fortis Hospital, Grecian super specialty hospital, Mayo healthcare super specialty hospital, Government multi – specialty hospital, Max super specialty hospital, JP hospital and Guru Nanak Dev super – specialty hospital. The Punjab Health Systems Corporation (PHSC) was incorporated through the revolutionary and legislative measures of the state Government of Punjab. The vision of PHSC was to bring more administrative flexibility for implementation of the ”Second State Health Systems Development Project” with assistance of  World Bank, with the motive of upgrading the health sector services at a secondary level.

The Punjab Health Systems Corporation (PHSC), has been looking after about 150 institutions which include District Hospitals, Sub – Divisional Hospitals and various Community Health care centers. There are 86 medical institutions in the rural areas, and 64 medical institutions in the urban areas. The Second State Health Systems Development Project, has been contributing evidently towards adding, renovating and maintaining the health care institutions in the state in contrast to provision of equipment and chemicals for the diagnostic facilities.

Punjab remains one of the bright spots in the country, showing an upward growth trajectory in terms of the efficient health care facilities in the state. The state has witnessed to be undergoing the transformation into a pharmaceutical hub, owing to the emergence of various health sector tycoons such as Biocon, Max, Ranbaxy, and Merck proposing to invest lucratively in the health care of the state. The government of Punjab has been working responsively towards improving the performance and the efficiency of the health care system in Punjab by improving the institutional framework of the existing policies and initiating new policies for the development of the health services. Meanwhile, Punjab continues to be an anchor of stability and economic growth in the country.


Punjab on Investment Promotion Mode

The industrious nature of the people of Punjab, progressive and transparent policies of the government, continuous investment in human capital, development initiatives, robust infrastructure development and good governance have put Punjab on the trajectory of fast growth in the last six years, said the deputy chief minister of Punjab, Sukhbir Singh Badal .The set – up of the Bureau of Investment Promotion has been contributing in large numbers towards the economic growth of the state.

Punjab on Investment Promotion Mode.png

The Bureau of Investment Promotion, Punjab is a meeting point for the regulatory clearances and attractive fiscal incentive approvals. It provides a one stop clearance to the investors, keeping in view the preferable investment destination in terms of abundant quality power, class logistics, end to end communication network, highly skilled manpower and enterprise and high quality social infrastructure.

The business rules of the Department of Investment Promotion, are to interact with industry at National and International level to promote investment in Punjab and to consistently deal with several proposals.

The visionary far sight of the deputy chief minister Sukhbir Singh Badal is clearly by his statement at the Invest Punjab summit that, “When investors come to India why they should go to 100 departments of government of India? There should be one Invest India in Prime Minister’s office under the Prime Minister. Anybody who walks in there should be a one number, one man, one email and one month clearance for those who wants to invest in India that will be the game changer.”

The Bureau of Investment Promotion facilitates fiscal incentives and investment proposals of about 23 departments, some of which include pollution, labour, industry, forest and the electricity department. The head of the department, Anirudh Tiwari IAS, the Chief Executive Officer (CEO) and the secretary of the administrative department, Karan A. Singh IAS have been conducive towards the Fiscal Incentives for Industrial Promotion, (FIIP) 2013 and attracting lucrative investors for the set – up of new industries in the state.

The Shiromani Akali Dal – BJP led state government, witnessed the signing of 378 Memorandum of Understanding (MoU), and approvals of about Rs. 1.15 lakhs in the Progressive Punjab Investors Summit. Studies have proven that radical initiatives of the state government such as the setting up of The Bureau of Investment Promotion, has been successful in attracting lucrative investments in the state by huge investors from all over the globe. Punjab’s rise is a defining storyline of the early 21st century. Owing to the concentrated leadership of the state government, Punjab is marching on the road of economic growth and stability.

Industry summits a big hit for investments in Punjab

Thanks to industry friendly measures by the government a number of leading entrepreneurs have exhibited interest in making investment in a number of projects in the city. The two industry summits which were held by the state government in last over couple of years and the visits by the foreign delegates, in fact would bear testimony to the vibrancy and the buzz which the industry friendly initiatives have created all over the state.

Industry summits a big hit for investments in Punjab.png

During the summits investment agreement to the tune of over Rs 1.72 lakh crore were signed by various leading firms. More remarkable was the fact that amongst the investment agreements of Rs 65000 crore, as many as 53 investment proposals of about Rs 4,881.99 crore were from the agree-processing category.

As many as 55 MoUs were signed in the food processing sector alone infusing to promise an investment to the tune of Rs 8,000 crore.

The Deputy Chief Minister Sukhbir Singh Badal has been elated about the investment and had said after the summits that the signing of MoUs was likely to provide employment to over 2.5 lakh youth all over Punjab.

Big firms’ proposals and contribution
Mukesh Ambani’s Reliance has already invested Rs 3,900 crore in Punjab and the 4G network has been rolled out making state well equipped with the mobile network. Similarly ITC had already increased its investment in the Kapurthala food park from Rs 700 crore to Rs 1,400 crore.

We have plans of investing in setting up a kinnow processing plant here besides expanding our potato seed business and investing in agro forestry,” ITC head Deveshwar had maintained while adding that the company had plans of investing in a luxury hotel or a convention centre in Chandigarh.

Government’s e-governance initiatives too have paid off well and the ICICI Bank has signed MoU for taking part in the e-governance initiatives of the state government. These would include developing skill development centres and offering customised financial services while raising the number of bank’s branch network in state.

Some of the key proposals for investments in Punjab:

  • ITC’s proposal worth about Rs 680 crore for setting up of integrated food processing cum logistics centre.
  • A multi model logistic park with an investment of Rs 500 crore by the Container Corporation of India.
  • A seed potato project with an investment of about Rs 18 crore by Mahindra & Mahindra.
  • DLF Universal’s investment which has the largest sum of investment so far of (Rs 9,200 crore in the real estate sector.
  • GVK Industries’s proposal to invest Rs 5,000 crore for setting up medical colleges.  Adani Group’s proposal of investing Rs 3,700 crore for setting up a 500-MW solar power plant.

Kings College, London, has also evinced interest in investing 100 million pounds (Rs 1,000 crore) for setting up Florence Nightingale College of Nursing, a medical college and a hospital at Medicity in New Chandigarh and has signed MoU with the Punjab government.

Most of the industrialists who had taken part in the summit were all praise for a series of measures which were announced by the Punjab government for investors.

In particular there was a specific mention of fiscal incentives which have been offered by the Punjab government under Punjab’s Industrial Policy.

Foreign delegations

Industry delegation from Poland, led by state minister of economy Jerzy Witold Pietrewicz too during his visit promised to invest in information technology. A delegations from China and Hungary promised participation in food processing. Chief Minister Parkash Singh Badal has also asked the industrialists signing MoUs with Punjab to set up a skill development centre in the state. Industry Minister Madan Mohan Mittal claimed Punjab offered the best investment atmosphere in the country.

Cargill Feed Plant Bathinda set to bring Punjab on global map

Bathinda is all set to find its place on global map with Cargill Feed and Nutrition India, the global supplier of animal nutrition products, all set to begin its state-of-the-art cattle feed nutrition plant soon.

Cargill Feed Plant Bathinda - Progressive Punjab Investors Summit, Sukhbir Singh BadalWith an estimated construction cost of Rs 70 crore, this is the first green field plant of the global firm in the country. Expected to generate employment opportunities for about 200 people, besides providing training to 20,000 farmers annually in dairy nutrition, calf rearing and farm management, the plant will produce nutritious diet for cows and allow for crop diversification.

According to Dr Prashant Shinde, firm’s technology application manager, the plant would benefit dairy farmers not only from Punjab but also from Uttar Pradesh, Haryana and Rajasthan. The company he said, was already holding several awareness workshops on different aspects of dairy farming in these states. To start with the plant will have the capacity to manufacture 1, 20,000 MT of feed. Covering the land of about 8.5 acre the feed manufacturing plant will use the latest technology from Cargill USA and Cargill Italy feed manufacturing plants.

Apart from this, Cargill would also help adopting solution-driven methods to Punjab’s dairy feed needs. These include NIR testing for incoming raw material quality, nutrient driven formulation and rigorous testing of raw materials and finished feed to improve results for farmers.

Achyuth Iyengar, managing director of Cargill Feed & Nutrition, India business, added, “Cargill’s investment will feed approximately 75,000 cows per year, incentivize over 3,000 farmers towards growing grains, and help in crop diversification.”

The initiative for the plant began soon after Cargill India signed an MoU with the Punjab government at the Progressive Punjab Investors Summit for setting up of the Ultra-modern Cattle feed mill. The objective of setting up the project was cited as to generate rural employment opportunities, directly benefit farmers and allow for crop diversification.

Cargill Feed Plant Bathinda - Progressive Punjab Investors Summit, Sukhbir Singh Badal, Punjab Dairy Farming

The foundation stone for the state of the art feed manufacturing plant was laid by Deputy Chief minister Sukhbir Singh Badal and Chairman Cargill India Siraj Chaudhry and Managing Director Cargill Feed and Nutrition India Achyuth Iyengar on February 26, 2014.
Soon after the ceremony, Badal had expressed happiness over Cargill’s investment in this environment friendly plant, which he had maintained that would put Punjab on a global map with other leading model dairy regions all over the world.

“This initiative will equip local farmers with the knowhow and help in implementing a reliable supply chain for dairy processing, besides helping in crop diversification,” he had said.

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and related services. It primarily transforms commodities like corn, soybeans and wheat into innovative feed and nutrition for livestock and fish which turn out to be high quality protein meeting the needs of approximately 1.5 billion people.

According to Chairman, Cargill India Siraj Chaudhry, the role of animal feed mill is bound find more relevance with the growing demand of milk in country, which is expected to grow by 50% by 2023. The animal feed mill, he said would play an important role in catering to the increasing demand.

Cargill Animal Nutrition plays a critical role in the feed to food supply chain, and these series of investments in Punjab further reiterate our continued commitment to India and help make Punjab our dairy hub in India,” he said

About Cargill

Cargill has been providing food, agriculture, financial and industrial products and services all over the world. By involving farmers, customers, governments and communities, it has been helping communities by applying insights and latest technical know-how. It has over 142,000 employees in 67 countries, who are making contribution for reducing environmental impact and improving the communities through their work.