Enhancing Trust in Investments with India’s Punjab Bureau of Investment Promotion

February 1, 2020

INDIA, 29 February 2020 — The Chandler Governance Group (CGG) and India's Punjab Bureau of Investment Promotion (Invest Punjab) began a partnership on 27 February 2020 to enhance the strategies and processes for engaging investors and encouraging investments in Punjab. This partnership takes place under a Memorandum of Understanding with the Government of Punjab formalised on 26 February 2020.

CIG and Invest Punjab senior leadership and officers discussing the areas of priority for collaboration. — *CGG and Invest Punjab senior leadership and officers discussing the areas of priority for collaboration.*

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Ms Vini Mahajan, Additional Chief Secretary, Investment Promotion, Industries & Commerce, Information Technology, Governance Reforms & Public Grievances, Government of Punjab, and Mr Rajat Agarwal, Chief Executive Officer of Invest Punjab, held a brainstorming session with Mr Wu Wei Neng, Executive Director of CGG, Dr Gyanendra Badgaiyan, Member of CGG’s Board of Directors, and members of the Invest Punjab and CGG team, to decide on the priority areas for collaboration between both organisations.

Mr Wu Wei Neng, Executive Director of the Chandler Institute of Governance, emphasised CIG’s commitment to the partnership and discussed CIG’s areas of support. — *Mr Wu Wei Neng, Executive Director of the Chandler Governance Group, emphasised CGG’s commitment to the partnership and discussed CGG’s areas of support.*

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Addressing the Invest Punjab senior leadership and team, Mr Wu Wei Neng, Executive Director of the Chandler Governance Group said:

“CGG is happy to share good practices not just from Singapore but elsewhere to support your team and enhance your work. We look to your guidance as well because there is a lot of experience in this room.”

Mr Wu Wei Neng

Executive Director of Chandler Governance Group

CIG expert Mr Lim Chin Chong shared strategies for supporting investors through effective land policies, inter-agency coordination and the design of good industrial infrastructure and facilities. — *CGG expert Mr Lim Chin Chong shared strategies for supporting investors through effective land policies, inter-agency coordination and the design of good industrial infrastructure and facilities.*

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Invest Punjab’s senior leadership and officers then attended a sharing session with CGG’s expert Mr Lim Chin Chong. Mr Lim shared his extensive experience in designing and managing industrial parks, and providing land and infrastructure support to investors. Mr Lim is the former Deputy Chief Executive Officer of the Sino-Singapore Tianjin Eco-city Investment and Development Co. Ltd, and the former Director of Customer Services Group and Specialised Parks Development Group of JTC Corporation. Addressing Mr Lim and the CGG team, Mr Rajat Agarwal, Chief Executive Officer of Invest Punjab said:

“The ideas you have given and experiences you have shared definitely come in handy for us. We will go a long way together.”

Mr Rajat Agarwal

Chief Executive Officer of Punjab Bureau of Investment Promotion

CGG also invited a senior expert, Mr Satya Prakash Tucker, to share his experiences in attracting investment in Andhra Pradesh, and successful practices from different states and countries in investment promotion. Mr Tucker is the former (Special) Chief Secretary and former Executive Vice Chairman of the Economic Development Board, Government of Andhra Pradesh, and the current Chairman and Chief Mentor of the Poverty Learning Foundation.

Invest Punjab officers participating in a workshop conducted by CIG. — *Invest Punjab officers participating in a workshop conducted by CGG.*

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Following this visit, CGG and Invest Punjab will continue this partnership through several workstreams including research support; enhancing the processes of investor outreach, investment facilitation and regulatory approval; talent and skills development for Invest Punjab officers; and improving the attractiveness of Punjab as an investment venue. Both organisations will also work together by sharing knowledge, good practices and skills.

Mr Rajat Agarwal, Chief Executive Officer of Invest Punjab, affirmed the work and results of both the Invest Punjab and CIG teams. — *Mr Rajat Agarwal, Chief Executive Officer of Invest Punjab, affirmed the work and results of both the Invest Punjab and CGG teams.*

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Ms Vini Mahajan, Additional Chief Secretary, Government of Punjab; Mr Rajat Agarwal, Chief Executive Officer, Invest Punjab; Ms Isha Khalia, Additional Chief Executive Officer, Invest Punjab; Mr Wu Wei Neng, Executive Director, Chandler Institute of Governance; Dr Gyanendra Badgaiyan, Member of Board of Directors, Chandler Institute of Governance; and Invest Punjab and CIG officers. — Ms Vini Mahajan, Additional Chief Secretary, Government of Punjab; Mr Rajat Agarwal, Chief Executive Officer, Invest Punjab; Ms Isha Khalia, Additional Chief Executive Officer, Invest Punjab; Mr Wu Wei Neng, Executive Director, Chandler Governance Group; Dr Gyanendra Badgaiyan, Member of Board of Directors, Chandler Governance Group; and Invest Punjab and CGG officers.

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About the Punjab Bureau of Investment Promotion (Invest Punjab)

Invest Punjab is the lead agency of the Government of Punjab for facilitating global business in state of Punjab. Invest Punjab supports both international and domestic investments, and functions as the single point of contact for the facilitation of investors. It is also a one-stop office for providing state-level regulatory clearances and approvals for fiscal incentives for investments. For more news and information, visit http://investpunjab.gov.in/ or follow Invest Punjab on Twitter @invest_punjab, and Facebook and LinkedIn @investpunjab

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About the Chandler Governance Group (CGG) 

The Chandler Governance Group (CGG) is an international organisation focusing on public sector effectiveness and capability development. We work with national and local governments to train and develop leaders, strengthen public institutions and systems, benchmark government capabilities, and share good practices.

For more news and information, visit www.chandlergovernance.com or follow CGG on Facebook,  X and LinkedIn @ChandlerGOV.

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For media clarifications, please contact:

Chandler Governance Group 
Email: communications@Chandlergovernance.com