Invest Punjab presents opportunities in Agro-Processing Sector

Chandigarh, July 9, 2020: To further boost investments in agro-processing industry, Invest Punjab presented Opportunities on “Agro-Processing sector” to showcase the state’s agrarian economy with unlimited opportunities and enormous growth potential in this field during a webi-nar with Japan, organized by the Indian Embassy at Tokyo.

Taking part in the deliberations during the webinar, the Additional CEO Invest Punjab, Isha Kalia, highlighted the strong existing ecosystem coupled with vast scope of agro-processing industry across the state for inward investments including the collaboration on use of high end technologies in Agricul-ture.

Pointing out further, ACEO said that such engagements have not only given the State an opportunity to understand the expectations of the foreign partners but also helped in a more focused pitch to the investors.

Highlighting the significance of webinars as useful platforms especially during the difficult phase of COVID-19, ACEO Invest Punjab said these have certainly proved to be instrumental in wooing the prospective investors and entrepre-neurs to invest in Punjab.

According to Isha Kalia, “Invest Punjab was participating in a series of global webinars starting with ‘India-Japan VC on Textile Sector: Challenges & Emerging Opportuni-ties’ on June 10.

The webinar brought in valuable viewpoints and sector specific infor-mation from multiple stakeholders based out of Japan and India.

During the webinar, the then Additional Chief Secretary Invest-ment Promotion Vini Mahajan showcased the presence of a com-plete value chain of the textile sec-tor in Punjab.

She also highlighted the indomitable entrepreneurial spirit of Punjab based industries which is evident by the current production of PPE kits, N95 masks etc.

Apart from these, a webinar on “Investment opportunities in North-ern States of India” was held on July 1 to showcase the opportunities available in the leading sectors of Punjab.

Participating in the deliberations during the webinar, Isha Kalia said that Invest Punjab focused on unlimited opportunities available in the state in leading sectors including Agro & Food processing, Textiles, Engineering, Pharma & medical devices.

Invest Punjab has a dedicated Japan Desk to facilitate Japanese investment in the State.

The Japan Desk at Invest Punjab is not only enhancing the visibility of Punjab in the international regions but also taking its industry partners to these platforms for effective collaborations and partner-ships.

During the webinar with Japan, the Director General JETRO India Yasuyuki Murahashi emphasized the strong ecosystem in Punjab with peaceful labour relations not wit-nessed in other parts of India along with strong infrastructural support.

On the request of the Japan Desk at Invest Punjab, Yugo Hashimoto, MD & CEO, SML Isuzu Ltd. and Kazunori Ajiki, MD, Yanmar India Pvt. Ltd. shared their positive and inspiring experiences of operating in the State of Punjab.

Kazunori San mentioned that Pun-jab is considered as the hub of glob-al supply chain of Yanmar’s tractor business.

Yugo Hashimoto San shared the experience of the continuous sup-port from the Government of Punjab and availability of peaceful skilled labour in their operations.

Notably, Punjab is a one of the major destinations in India for inward investments from Japan.

Punjab has a long term relation-ship with Japanese enterprises.

Conglomerates like SML Isuzu started their India journey from Punjab long back in 1983 and Pun-jab has the presence of 100+ Japan-ese business establishments.

Pertinently, the current pandemic has disrupted business operations world over but Punjab was the pio-neer in restarting the operations of all companies including the Japan-ese enterprises.

Japan Desk at Invest Punjab, in collaboration with the Embassy of Japan in India and JETRO India regularly organize after care ses-sions for Punjab based Japanese companies.

To further enhance the enduring relationship with Japan, the desk has been aggressively reaching out to Japanese enterprises for inward investments or collaborations through the Embassy of Japan in India, JETRO India and Embassy of India in Tokyo.

Coordinating with the Embassy of India, Tokyo, Japan Desk at Invest Punjab has been reaching out to Japanese enterprises through vari-ous webinars.

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