Investors to get 173 services under one roof as Mann launches 2nd phase of 'fastrack Punjab portal'

Chandigarh, Nov 21 (PTI) Chief Minister Bhagwant Mann on Friday inaugurated the second phase of the "Fastrack Punjab Portal," integrating 173 services under one roof to further streamline industrial facilitation in the state.

Addressing the gathering, the Chief Minister said that the state's industrial policy has entered a new era, as Punjab has started a genuine "single window with a single pen" system signifying transparency and efficiency in governance.

A pen holds greater power than a stick, as it empowers decision-making and constructive administration, he remarked, according to an official statement.

Mann said that the concept of deemed approval has also been introduced to enable industries to get timely clearances without unnecessary delays, reaffirming the state government's commitment to making Punjab an investor-friendly destination.

The Chief Minister said that 47 services are currently being regulated through the Fastrack Punjab Portal, involving nine departments and said that the pendency of applications has become zero due to effective coordination and monitoring.

He said that Fast Track Punjab Portal is an advanced single-window system. Notably, the first phase of the 'Fast Track Punjab Portal' was launched in June.

He added that the state has witnessed a remarkable reverse migration of industries, with new investments worth Rs 1.40 lakh crore and the creation of nearly five lakh job opportunities across sectors.

Mann said that the government has worked in close coordination with multiple stakeholders to promote ease of doing business.

Emphasizing the importance of entrepreneurship, the Chief Minister called upon Punjab's youth to shed the mindset of being job seekers and rather become job providers by establishing their own enterprises.

To support this vision, he said that the government is providing financial assistance, loans and other necessary facilities to budding entrepreneurs.

The Chief Minister described businessmen as the second "Annadata" after farmers, noting that both play a pivotal role in sustaining livelihoods and economic growth. Mann also lauded the resilience of Punjab's people, noting that despite suffering crop losses across five lakh acres during recent floods, the state contributed a record 150 lakh metric tonnes of paddy to the national pool.

The Chief Minister said the state government is implementing several new reforms to simplify industrial and business operations and to bring greater transparency across the system.

He said that to further enhance ease of doing business, the Punjab Government has approved the Punjab Right to Business (Amendment) Rules, 2025, which will provide significant relief to entrepreneurs.

Mann said that through these amendments, several pre-construction regulatory approvals have been brought under the ambit of the Act. The chief minister said that the new reforms aim to eliminate unnecessary delays in granting approvals. PTI SUN MR MR