Progressive Punjab Investors Summit 2015
Event Report
28-29th October 2015, ISB Campus Mohali, Punjab
0 “With the spirit of enterprise and leadership qualities, Punjab has risen and is number one in many spheres. We led the way in Agriculture, and now is the time to diversify and accelerate growth in other sectors. We will do anything an industrialist want to facilitate their ventures and ensure speedy implementation of their projects.”
Parkash Singh Badal Chief Minister, Punjab
“World is becoming One. There are no barriers in this era of globalization. Companies are open to invest to countries or States who are offering best investment climate. The State of Punjab offers a matchless blend of progressive policies, simplified regulatory procedures and SMART infrastructure to provide the best investment ecosystem in the country. We welcome you all to invest in our State, and be a partner in prosperity.”
Sukhbir Singh Badal Deputy Chief Minister, Punjab
“We extend the invitation to the industrialists to become partners in the novel technique of agro-diversification. What the Punjab Government speaks, it promises to translate into action”
Madan Mohan Mittal Industry and Commerce Minister, Punjab
1 Table of Contents
Key Highlights 5
Program Schedule 9
Inaugural 11
Sessions 17
Valedictory 40
2 3 4 Key 1 Highlights 1.19 Lac Crore Proposed Investment
11 387 Sector MoUs Sessions
3.6 Lac Employment 3 Potential International Collaborations
3300 9 Delegates Countries
6 1 SECTION
Progressive Punjab Investors Summit 2015 was received overwhelmingly well by the investors and it was extremely successful in achieving the desired goal of forging partnerships, facilitating knowledge transfer and attracting private sector investments. Participation of industry captains from across the sectors and their interest to invest in the State were testimony to the growing investor confidence in the State’s industrial ecosystem. Some of the key highlights of the Summit are given below:
More than 387 Memoranda of Understanding amounting to approx. INR 1,19,000 Cr signed Demonstrated investment interests likely to create direct and indirect employment for 3.6 Lac people Event witnessed a participation of more than 3000 delegates including CXOs of leading Indian and global firms Delegates from several countries including Poland, China, Israel, Hungary, United States of America, South Africa and many more International collaborations in the area of Healthcare, Skill Development, Agriculture
Mr. Rajinder Gupta Chairman, Trident Group Mr. Mukesh Ambani Mr. Y.C. Deveshwar Chairman, Reliance Mr. Ajay Singh Chairman, ITC Industries CMD, SpiceJet Mr. Jiang Ping Some of the Mr. Ajay Piramal Secretary Mr. Sunil Kant Munjal Key Chairman, Piramal Group General, Shanghai Municipal Joint Managing Director, Political and Law Commission Dignitaries Hero MotoCorp in Ms. Shobana Kamineni Exec. Vice Chairperson, Mr. Manish Sabharwal Progressive Mr. Malvinder Mohan Singh Apollo Group Co-founder and Chairman, Punjab Executive Chairman, Fortis Teamlease Services Investors Healthcare Dr. GVK Reddy Summit Chairman and MD, GVK 2015 Mr. Dilip Shanghvi Industries Ms. Chanda Kochhar Managing Director, Sun Mr. Anirudh Dhoot Managing Director and Pharmaceutical Ind. Ltd Director, Videocon Mr. S P Oswal CEO, ICICI Bank Industries Chairman and MD, Vardhman Group Mr. R.S. Sodhi Managing Director, Mr. Jerzy Witold Pietrewicz Mr. Michael Goettl Amul Deputy Minister of Economy, Poland CEO, Bunge Asia
Mr. Rajiv Singh Mr. Rahul Bajaj Vice Chairman, DLF Chairman, Bajaj Group Dr. Vivek Lall Chief Executive, General Atomics 7 Electromagnetic Systems Punjab to become the first State to have 4G connectivity in all villages and towns by December 2015
Inspector free system for inspections in Boilers, Labour, Factories, Pollution, Electrical Equipment, Power and Excise and Taxation No taxes on inputs (Purchase tax, VAT, CST) for agro-processing industry to make Punjab the Food Processing Hub of India
Industry to get power at Rs. 4.99 paise/unit for the next 5 years
Rs. 100 crore startup fund for young entrepreneurs
Special policy to give level playing field for micro, small and medium enterprises
The State generated a renewed buoyancy in the investment sector which saw Investment interest almost double to Rs. 1.19 Lac. Cr. from Rs. 67,000 Cr. in Progressive Punjab Investors Summit 2013 Investment interest also expressed in sunrise sectors such as Aerospace and Defence, Renewable Energy and Tourism Investment intention across sectors are testimony to governments efforts to diversify from Agri based growth to multi-sectoral growth
Sectorwise Snapshot of MoUs /Agreements (Investment INR Cr.)
Other Agro & Food Tourism 4% Processing 2% 4% Health Renewable Energy 9% 19%
Manufacturing 9%
IT & ITeS 4% Housing & Urban Development 49%
8 Program 2 Schedule 2 SECTION
Day 1 October 28, 2015 Time (hrs.) Session 0900-1030 Registration and tea 1020 Inauguration of Exhibition 1030 – 1330 Inaugural Session 1330 – 1430 Lunch 1430 – 1600 Session 1:Manufacturing - Strengthening linkages
1430 – 1600 Session 2: Healthcare -Towards better access 1430 – 1600 Session 3: IT and ITES - Fostering Entrepreneurship 1430 – 1600 Session 4: Country Session –Poland 1600 – 1630 Tea Session 5: Agri business and Food Processing -New technologies and emerging business 1630 – 1800 opportunities in Food Processing 1630 – 1800 Session 6: Life Sciences -Setting up a vibrant life sciences cluster in Punjab 1630 – 1800 Session 7: Tourism-Business Opportunities in Punjab 1630 – 1800 Session 8: Aerospace and Defence-New growth drivers for manufacturing 1930 – 2200 Dinner 1500 – 1700 One to one meetings of Government of Punjab with Industry leaders
Day 2 October 29, 2015 Time (hrs.) Session 0930 – 1000 Tea & Registration
1000 – 1130 Session 9: Skill Development-Engaging private sector for Speed, Scale and Standards
1000 – 1130 Session 10: Renewable Energy- Green power revolution 1000 – 1130 Session 11: Start Ups 1130 – 1145 Tea 1145 – 1345 Valedictory session & Closing 1345 - 1445 Lunch 1030 – 1130 One to one meetings of Government of Punjab with Industry leaders
10 3 Inaugural 3 SECTION
The Progressive Punjab Investors Summit 2015 was inaugurated on 28th October, 2015 in the main auditorium of ISB, Mohali Campus with the keynote address by the Hon’ble Chief Minister, S. Parkash Singh Badal in the presence of prominent industry leaders of India and abroad. Further, there was a 35 min long address by the Hon’ble DCM, S. Sukhbir Singh Badal, wherein he showcased the strength and plethora of investment opportunities in Punjab.
Mr. Mukesh Ambani, Chairman, Reliance Industries, Mr. YC Deveshwar, Chairman, ITC Ltd, Ms. Chanda Kochhar, Managing Director & CEO, ICICI Bank, Mr. Sunil Kant Munjal, Joint Managing Director, Hero MotoCorp, Mr. Ajay Piramal, Chairman, Piramal Enterprises, Mr. Malvinder Singh, Executive Chairman of Fortis Healthcare, Mr. GVK Reddy, Chairman & Managing Director, GVK were among the key industrialists who led the group of investors in sharing feedback on progressive policy regime and simplified regulatory business environment in Punjab.
12 Mr. Mukesh Ambani, Chairman, Mr.Y.C.Deveshwar, Chairman, ITC Mr. Sunil Kant Munjal Reliance Industries Joint Managing Director, Hero MotoCorp "As we get ready to launch Jio, I am happy to share that we have committed an investment over Rs 2,000 crore.I hope that two years from now when I am here again, we can look back and celebrate the achievements of the people of Punjab, the achievements of the farmers and traders using productivity which then can become a role model for the rest of India to follow.”
Mr. Mukesh Ambani, Chairman, Reliance Industries
“There was tremendous scope of industrialization in the state especially in the area of automotive components. The bold initiatives taken by the state government for the promotion of industry deserves full marks as they have not only made announcements but really implemented it in true letter and spirit. Punjab government has actually demonstrated its will to change and things are now moving in right direction”
Mr. Sunil Kant Munjal Joint Managing Director, Hero MotoCorp
"Punjab has enormous potential for the expansion and development of “We see huge opportunities agro based food processing for us to expand our industry in view of its high manufacturing base in agriculture productivity.” Punjab.” Mr.Y.C.Deveshwar, Chairman, Mr. Dilip Shanghvi ITC Managing Director, Sun Pharmaceutical Ind. Ltd
“Punjab is a land of unlimited opportunities and “I think Punjab has offered we look forward to exploring some great companies with this potential in the very niche expertise in the Lifesciences and Real Estate aerospace and defence Sectors.” field. And I feel with the Mr. Ajay Piramal incentives that have been Chairman, Piramal announced by the Chief Enterprises Minister and Deputy Chief Minister this is a great state for companies within India “Punjab has the and outside to pursue their potential to create a aerospace ambitions. “ Dubai here” Dr. Vivek Lall, Chief Mr. Ajay Singh Executive, General CMD, SpiceJet Atomics Electromagnetic Systems
"We would leverage technology to collaborate with the Government in its e- governance initiatives. We plan to expand our skill development initiatives for the under privileged youth through ICICI Academy for Skills by setting up a 30,000 sq ft skilling centre. Additionally, we are also committed to support the state government for setting up 25 skill development centres across the state. “
13 Ms. Chanda Kochhar, Managing Director and CEO, ICICI Bank “In todays world of limited resources, the potential is in specialization. Punjab is specialized in using the human capital and the knowledge to be a developed economy. “ "It's for the first time in Mr. Jerzy Witold Pietrewicz last hundred years that Deputy Minister of Economy, Poland the college has thought of collaborating with someone outside UK. The college has put up a proposal before the “Its been 20 years since we first made an British Prime Minister entry in Punjab. We picked up Punjab David Cameron to come because its one of the most progressive for the foundation stone State in the country. “ laying ceremony next Dr. GVK Reddy, Chairman and MD, GVK month in India.” Industries Mr. Mike Parker, Chairman, Kings College Hospital (India) "The company will invest up to Rs 9,200 crore in the state for real estate infra projects.”
Mr. Rajiv Singh, Vice Chairman, DLF
“More than the vision that has been shared in 2013 and 2015 today, what makes us proud as Punjabi’s is the implementation and the execution of commitments that has been made and delivered by the Government. This is the true reason why Punjab is the preferred destination for Ease of Doing Business.”
Mr. Malvinder Mohan Singh Executive Chairman, Fortis Healthcare
“I am a witness to the growth of Punjab for the last 50 years and it has been my proud privilege to have started my business in the textile sector here. Further, the entrepreneurial spirit of the state can be applauded as it hosts the Top 4 textile houses in the country including Nahar, Trident, HCL and ours. ”
Mr. S P Oswal Chairman and MD, Vardhman Group
14 Proposed Investment: Rs. 9,200 crores Proposed Investment: Rs. 5,000 crores
Proposed Projects: Mega Smart City, Proposed Project: Establishment of Proposed Investment: Rs. 1,400 crores Group Housing, Water Front Villas Medical Colleges Proposed Project: Establish Integrated and Smart Township Food Manufacturing Unit
Proposed Investment: Rs. 5,000 crores Proposed Investment: Rs. 3,700 crores Proposed Investment: Rs. 1,000 crores
Proposed Project : Five 2nd Proposed Project : Set up 500MW Proposed Project : Kings College Generation Bio Refineries Solar Energy Projects Hospital at Medicity, New Chandigarh
Proposed Investment: Rs. 700 crores
Proposed Project : Group Housing Proposed Investment: Rs. 500 crores
Proposed Investment: Rs. 625 crores Proposed Project : Opening up of 10 retail Stores in Punjab Proposed Project : Expand/Technical Upgradation of the group textile units in Punjab
Proposed Project : Opening Branches at e-Sewa Kendras, skill development centres
Proposed Investment: Rs. 500 crores Proposed Investment: Rs. 1000 crores Proposed Project : Expansion Proposed Project : Expansion of Proposed Project : Expansion of Paper of Spinning Unit existing hospital manufacturing unit
MoU Exchanged – ‘ICICI Bank’ MoU Exchanged – ‘Hero MotoCorp’
15
MoU Exchanged – ‘ITC’ MoU Exchanged – ‘Fortis Healthcare’ The event witnessed an overwhelming international participation. Delegates from multiple countries including Poland, Hungary, South Korea, Vietnam, Netherlands, Israel, China, South Africa, USA graced the event with their presence. In addition to the investments, there was an equal focus on knowledge collaborations. MoUs were signed with University of California Los Angeles and the State of South Carolina in the areas of healthcare and Skill development respectively.
Memorandum of Understanding (MoU) signed for establishing cooperation aimed at the economic growth of both regions
Memorandum of Understanding (MoU) for promoting the technical, institutional and economic cooperation in agriculture between the two regions
Israel USA Republic of South Korea
South Africa Hungary Vietnam Netherlands
16 4 Sessions Strengthening linkages
Date Panelists No. of Attendees
Mr. Ravi Kaza, President, Molson Coors Cobra India Mr. Sachit Jain, ED, Vardhman Special Steels Limited Mr. Sunil Mathur, MD & CEO, Siemens India Mr. Richard Rekhy, CEO, KPMG India Mr Akshay Sangwan, COO, Sonalika Industries 28th Oct,2015 450+ Mr. Viren Popli, Chief of Operations, Swaraj Division, Mahindra & Mahindra
Moderator: Rajeev Singh, Head, Automotive, KPMG India
Key Discussion Points
Indian manufacturing industry is in the phase of digital transformation known as India 4.0. Therefore, there is an immediate need for the existing manufacturers to modernize the manufacturing practices and for the government to upgrade existing industrial clusters. Leading practices from countries such as Germany, China etc. shall provide good learning examples
Connectivity with Delhi has transformed Mohali and other areas of proximity in Punjab. The State government should make similar efforts to boost the air connectivity of other prominent cities of Punjab with other mainstream cities like Mumbai, Bangalore and Hyderabad, etc. This shall significantly improve the access and give the required boost to the sector
The State government should focus on building an appropriate ecosystem to encourage R&D in the manufacturing sector
Being leaders in agriculture, Punjab should invest more on agri industry including agri machinery and agri mechanization. Punjab can attract large investment by levying exemption to entry tax, discounting VAT rate for tractors manufacturers, etc.
18 Strengthening linkages
“One of the key factors which is essential for manufacturing is conducive environment – safety, security and feeling welcomed. We all saw today how the Government made all of us feel welcomed and further the hospitality of Punjab is fantastic. “ Mr. Sachit Jain, Executive Director, Vardhman Textiles Ltd.
“We have heard the term Industry 4.0 or digital manufacturing .Effectively we are talking about the 4th generation of manufacturing that the world is slowly getting into. A lot of you will be competing or participating with these kind of players. Since, Punjab has the reputation of taking risks and being at the forefront, the local manufacturers here should lead the way and grab this opportunity.” Mr. Sunil Mathur, Managing Director and CEO, Siemens India
“India requires a strong MSME sector for manufacturing to flourish in the country. Common assets and services shall be developed for MSMEs to enable their inclusion in the Manufacturing growth story of India.” Mr. Richard Rekhy, CEO, KPMG India Enthralled Audience listening to industry insights
19 New technologies and emerging 3business opportunities in Food Processing
Date Panelists No. of Attendees Mr. Rangalal Jamuda, Secretary, Ministry of Food Processing, GOI Mr J J Singh, President, Indo Polish Chamber of Commerce Mr Vivek Bharati, Executive Director, Pepsico Mr. Siraj Chaudhary, Chairman, Cargill India Mr. Tota Singh, Minister of Agriculture, Govt of Punjab Chair: Ms. Harsimrat Badal, Hon’ble Minister of State, Food 28th Oct,2015 Processing, GoI 450+ Mr. Akshay Bector, Chairman & MD, Cremica Mr. Sanjv Puri, President, FMCG, ITC Mr. Sanjay Khajuria, Senior VP, Nestle India
Moderator: Rajat Wahi, Head, Consumer Markets, KPMG India
Key Discussion Points
De-risking the farm income from various vulnerabilities such as weather, floods, environment, regulations etc. is critical to instil trust between the industry and the farmer. Therefore, it is important for the companies to implement a fair price model with assured income to the farmer
Stern regulations to ensure quality and standards for food safety are critical. However, government should standardize the testing procedures and should try to ensure more consistency to the testing process in the labs
Policy formulation for Food Processing Industry should also equally consider the perspectives of farmers. Regulations such as automatic change of land use for farmer may be considered in the policy
Govt of Punjab has enacted law for Contract Farming in 2011. The State government is keen to hold discussions with industry and farmers to seek feedback in the law and ensure an effective implementation of the Law
State government should look to develop a strong ecosystem for startups in the Food processing sector. Incubation centres focusing on Food processing shall be established in the State
It is essential for the industry to do appropriate capacity building and handholding of farmers to ensure that benefits of the processed food value chain cascade to the farm level
20 3 New technologies and emerging business opportunities in Food Processing
“Food Processing Industry holds solutions to numerous problems including inflation, unemployment, food safety etc. being faced by our country. It acts as a bridge between the industry and the farmers. The time has come to further strengthen this bridge by making farmers the stakeholders in profits made by the industry” Ms. Harsimrat Badal, Hon’ble Union Cabinet Minister, Food Processing, GoI
“We started 50 years back in Moga with milk availability of 551 Kg a day to process. Today we annually collect 300 million tonnes of milk to process. This was made possible because of the strong trust built between Nestle and the farmers, and the local enterprising spirit.“ Mr. Sanjay Khajuria, Senior Vice President, Nestle India
Key MoUs signed
Proposed Investment: Rs. 65 crores Proposed Investment: Rs. 236 crores Proposed Investment: Rs. 200 crores Proposed Project : Cold storage for Proposed Project : Biscuits, cookies vegetable processing Proposed Project : Spray dryer and wafers factory + Liquid facility for manufacturing infant food condiments + Bread and bakery products
Proposed Investment: Rs. 80 crores Proposed Investment: Rs. 30 crores
Proposed Project : Establish Food Proposed Project : Processing of processing unit Potato flakes and powder
21 Mr. Tota Singh, Minister of More than 450 potential investors at the Agribusiness and Food Processing Session Agriculture, Govt of Punjab 3 Towards better access
Date Panelists No. of Attendees
Vikram Shah, Chairman, Shalby Hospitals Ashish Jain, Chief Executive Officer, Healthcare Sector Skill Council Sanjeev Puri, Senior Cardiologist, CVM Heart Care, Moline Illinois Willam Dunne, Administrative Director of Emergency Preparedness, Safety, and Security, UCLA Health System 28th Oct,2015 120+ Daljit Singh, President, Fortis Healthcare Scott P. Ozanus, Deputy Chairman, KPMG USA
Moderator: Nilaya Varma, Head, Health Sector, KPMG India
Key Discussion Points
India is a low cost destination for Healthcare. The issue however is the fact that this low cost healthcare is not regulated. As the Government faces limitations to increase the healthcare budget, it was recommended that PPP models be adopted for service delivery and the Government should focus on implementing an effective regulatory regime.
Preventive health was highlighted as an important area of focus for the government. Education programs, wellness programs, preventive care can help in detection of disease and its cure in early stages. This will further help in reducing per capita health expense
There is need to penetrate further in rural areas for ensuring effective healthcare services. Service delivery network should be enhanced by engaging NGOs and village panchayats for preventive medical care.
People in the State need to made aware of the available healthcare services. An extensive marketing drive for healthcare facilities across the state may be carried out in order to increase awareness
It was suggested that the healthcare system in Punjab may be benchmarked with that of Turkey & Brazil in terms of policy, government initiatives, and types of partnerships formed etc.
22 3 Towards better access “I’m happy to share that Punjab has taken lead and started Health sector skill development initiatives in the State. The Hon’ble CM also mentioned about the various skill development programs coming up across the state, hence the human resource requirement for the Health sector will be taken care of. As it is a humungous task that cannot be completed over night, we will continue to work together as industry and meet the challenges which are being faced.”
Mr. Ashish Jain, Chief Executive Officer, Healthcare Sector Skill Council
“I have taught in the United States and been to all the medical centers across the United States. The collective intelligence I witnessed during my medical education in Punjab, I have not witnessed anywhere else in the world. If the Government focuses on medical education by providing protocols, cost effective care and successfully regulates the private sector, it will be a great beginning for the Health sector in the State.”
Dr. Sanjeev Puri, Senior Cardiologist, CVM Heart Care, Moline Illinois Key MoUs signed
Proposed Investment: Rs. 440 crores Proposed Investment: Rs. 354 crores Proposed Investment: Rs. 200 crores Proposed Project : 100 bedded Proposed Project : Establish Multi Proposed Project : Establish Health Care cancer hospital in Mullanpur Speciality hospital Center
Mr. Ashish Jain, CEO, Health Sector Skill Council sharing his thoughts on skill development in health
Presence of Mr. Scott Ozanus, Vice Chairman, KPMG USA being felicitated
23
MoU Exchanged – ‘INSCOL’ MoU Exchanged – ‘UCLA Health System’ 3 Setting up a vibrant life sciences cluster in Punjab
Date Panelists No. of Attendees
Mr. Dinesh Dua, CEO, Nectar Lifesciences Mr. Goutam Das, COO, ABLE Ms. Deepanwita Chattopadhyay, Chairman & CEO, IKP Hyderabad Dr. Vijay Chandru, Founder & Chairman, Strand Life Sciences 28th Oct,2015 120+ Prof. K. K. Bhutani, Director, NIPER
Moderator: Utkarsh Palnitkar, Head, Advisory & Lifesciences Sector, KPMG India
Key Discussion Points
In India, there is no specific state/area that is recognized as a center for agri-biotech. Since Punjab is the “Food Bowl of India”, the state has immense potential to be radically developed and positioned as a hub for agri-biotech in the country; this potential must be pro-actively tapped
The ecosystem supporting industry & academia collaborations needs to be further enhanced in order to address the concern regarding lack of opportunities for industry-trained resources from leading biotech institutions in the region. The collaborative model in USA may be used as a benchmark
The concept of “liaison organizations” to promote the biotechnology park was introduced. These bodies could act as lobbyists for the biotech industry in Punjab.
It was suggested that initiatives should be taken by the state government to encourage local entrepreneurship- this would require the initial support (for example: a collaboration with BIRAC). It was suggested that the state government could explore other types of incubation support that may be provided to startups in the state and a possibility of setting up a small venture capital for early stage startups shall be explored
On the human healthcare side, Oncology (areas such as Genomics to identify cancer & Therapeutics to treat cancer) was identified as an important area requiring focus
24 3 Setting up a vibrant life sciences cluster in Punjab
“Nowhere in India do we have a real center for agricultural biotechnology. Since Punjab is the ‘Bread Basket’, there is a willingness to make farming more effective and the need to make farming less chemically intensive. Thus, agricultural biotechnology is an important area for Punjab to focus on.”
Dr. Vijay Chandru, Founder & Chairman, Strand Life Sciences
“ABLE can act as a ‘liaison organization’ in Biotechnology promotion for the Government of Punjab, to bring in new members in the Biotech Park, understand the pattern of investments etc.”
Mr. Goutam Das, COO, ABLE
Key MoUs signed
Proposed Investment: Rs. 500 crores Proposed Investment: Rs. 50 crores Proposed Investment: Rs. 65 crores Proposed Project : Establishing Proposed Project : Pharma Ethanol manufacturing Plant Proposed Project : Comprehensive manufacturing unit public stem cell bank and tissue engineering facility in the Bioteck park
MoU Exchanged – ‘Saurav Chemicals’ Prof. K. K. Bhutani, Director, NIPER, giving his opinion on role of académicia in growth of Life-Sciences sector
25
MoU Exchanged – ‘Orbit Biotech’ MoU Exchanged – ‘Stemlife Healthcare’ Fostering Entrepreneurship
Date Panelists No. of Attendees
Mr. Rajeev Rai, CEO & Co-founder, QA Source Mr. Rajneesh Agrawal, Director, Software Technology Parks of India Mr. Pradeep Gupta, MD, Cyber Media Dr. Sridhar Mitta, MD and Co-Founder, Nextwealth Entrepreneurs 28th Oct,2015 Mr. Sanjay Mehta, MD, Teleperformance India 160+ Mr. K.S Bhatia, Founder, Pumpkart
Moderator: Akhilesh Tuteja, Head, Technology, KPMG India
Key Discussion Points
There is need to consider BPO as a separate sector, but not same as IT and ITeS. Tailored policy should be formulated to attract investments in BPO sector
Punjab has the potential of becoming the hub of startup companies in North India. State government should tap this potential by setting up Punjab Angel Investors Network for supporting upcoming startups
State should look to set up Centres of Excellence to promote Smart Technology and Internet of Things technologies which are the new game-changers in the IT sector
Creation of a vibrant Startup ecosystem by promoting and setting up of Incubators, Accelerators, Angel groups, Venture Capitalist groups
State government should facilitate tie-ups with NASSCOM and other industry associations to provide incubation space, networking support and mentoring to entrepreneurs
26 Fostering Entrepreneurship
“Today we are at an interesting phase of technology, where we can have large number of small centres, You (Punjab) have great advantage of setting up large number of small centres all over Punjab which will create jobs for educated youngster in small towns especially girls and people with disabilities”
Dr. Sridhar Mitta, MD and Co-Founder, Nextwealth Entrepreneurs
“I am happy to let you know today – 90% of our talent is from Punjab and only 10% comes from South” Rajeev Rai, Founder, Bebo Technologies & QASource
Key MoUs signed
Proposed Investment: Rs. 500 crores Proposed Investment: Rs. 3500 crores Proposed Investment: Rs. 350 crores
Proposed Project : Provision of 4G Proposed Project : Existing cellular Proposed Project : Establishing IT Telecom services network for enhancing voice & data Industrial Project
Mr. Rajeev Rai, Founder, Bebo Mr. Pradeep Gupta, MD, Cyber Media Mr. Sanjay Mehta, MD, Teleperformance Technologies & QASource sharing his valuable insights India
27 Audience ardently listening to the expert panel Presence of Mr. K.S Bhatia, Founder, Pumpkart being felicitated Business Opportunities in Punjab
Date Panelists No. of Attendees
Mr. Biren Ghose, Country Head for India, Technicolor Ms. Deepa Sahi, Co-founder, Maya Digital Studios Mr. Ranvir Bhandari, COO, ITC Hotels Mr. Gunbir Singh, Chairman, Bambino Holdings 28th Oct,2015 110+ Mr. Sanjeet Joher, Vice President, Cox and Kings Mr. Kanwal Preet S. Brar, Director, Deep Roots Retreat
Moderator: Jaideep Ghosh, Head, Transport & Logistics Sector, KPMG
Key Discussion Points
There is a strong potential in the State to promote its rich history and heritage. Govt should make efforts to rescue, conserve and restore heritage sites in Punjab and in addition focused effort for marketing is required
Individual uniform brand campaign shall be undertaken to promote Punjab as the best place to have Indian Food. Examples like promoting Milan as the destination for Fashion, Paris for Romance are good examples to learn
Encourage new products in Tourism in Punjab – 3D Laser shows, Animation theme parks. Also, Punjab provides a good opportunity to showcase rich history including Indus Valley Civilization, Sikh Marshal Arts, etc through these new simulation concepts
Government should look to develop new thematic areas in Tourism – Farm, Rural, Eco tourism
28 Business Opportunities in Punjab
“Tourism is about location, location and location. Punjab should have an Unified vision to sell globally – what is it that we want to take it to the world. Need to create Location based tourism – vision of indefinite dreams(VOID). New anthropology of storytelling - The story of Punjab is story to be told digitally”
Mr. Biren Ghose, Country Head, Technicolor India
“Maya has decided to open a e-entertainment theme park in Amritsar or Chandigarh. Punjab has actually put India on the world cultural map.”
Ms. Deepa Sahi, Co-founder, Maya Digital Studios
Key MoUs signed
Proposed Investment: Rs. 1185 crores Proposed Investment: Rs. 200 crores Proposed Investment: Rs. 25 crores Proposed Project : Resendential Proposed Project : Establishing Proposed Project : Establishing Hotel township Courtyard by Marriot Hotel
Mr. Biren Ghose, Country Head, Mr. Kanwal Preet S. Brar, Director, Deep Roots Retreat sharing his Technicolor India expert opinion on potential of farm tourism in Punjab
29 Mr. Gunbir Singh, Chairman, Presence of Mr. Sanjeet Joher, Vice President, Cox & Kings being Bambino Holdings felicitated by Ms. Anjali Bhawra, Principal Secretary, Tourism Green Power Revolution
Date Panelists No. of Attendees
Mr. Rajat Seksaria, Bussiness Head, Punj Lloyd Infrastructure Ltd Mr. Stewart Davis, Energy Officer, Embassy of the United States of America Mr. Pawan Kumar Agrawal, President, Corporate Finance, Yes Bank Limited Mr. K S Popli, Chairman, Indian Renewable Energy Development 29th Oct,2015 Agency – IREDA 120+ Mr. Markus Wypior, Director, Indo-German Energy Forum Mr. K Krishnan, Chairman, CVC India Infrastructure Pvt. Ltd.
Moderator: Santosh Kamath, Head, Energy & Natural Resources, KPMG India
Key Discussion Points
To be able to address the challenge of storage of Renewable Energy, Punjab offers a comparative advantage. Profile of RE (which is generated during the day time) can be aligned with the requirement in Agricultural sector, since 25% of total load is consumed in the Agricultural sector.
Factors such as technology maturity, characteristics of incumbent technologies and price volatilities need to be taken into consideration before policy formulation
The State government should make provision for fiscal incentives and collateral free access to capital for setting up projects in Bio Mass
Include solar power plants in school tours as this has no safety hazards and will pave the way to increased learning
Establish Biomass Depots in a mechanized way- organizations like NABARD and IREDA can lend support for the same. The aim is to strengthen linkages from Farm to Plant
30 Green Power Revolution
“PEDA is like a Government Startup body. The proactive and problem solving approach has helped us in early completion and commissioning our solar plants ahead of time.”
Mr. Rajat Seksaria, Bussiness Head, Punj Lloyd Infrastructure Ltd
“Punjab is all set for a ‘revolution in the renewable energy sector’ because of investor-friendly plan, unique rooftop net- metering policy, farmers inclusion, and panchayat land-lease policy.” Mr. K Krishnan, Chairman, CVC India Infrastructure
Key MoUs signed
Proposed Investment: Rs. 800 crores Proposed Investment: Rs. 1020 crores Proposed Investment: Rs. 1000 crores Proposed Project : 10 or more Proposed Project : Biomass power Proposed Project : 100 MW power Biomethanation Plants of 10MW plant based on rice straw generation unit Capacity
Mr. Stewart Davis, Energy Mr. Anirudh Tewari, CEO, Mr. K Krishnan, Chairman, CVC India Infrastructure Pvt. Officer, Embassy of the Invest Punjab United States of America Ltd. responding to an investor query
31
MoU Exchanged – ‘Sukhbir Agro Energy Ltd’ MoU Exchanged – ‘AG Dauters Consulting Pvt Ltd’ Engaging private sector for Speed, Scale and Standards
Date Panelists No. of Attendees
Mr. Manish Sabharwal, Co-Founder & Chairman, Teamlease Services Prof. Mukti Kanta Mishra, President, Centurion University Mr. Srinivas Kamisetty, Managing Director, CLAAS India Mr. Sunil K Chaturvedi, CEO. Automotive Skills Development Council 29th Oct,2015 (ASDC) 450+ Mr. Sanjeev Duggal, CEO&Director, Centum Learning Ltd Mr. Amit Jain, President, Uber India
Moderator: Narayanan Ramaswamy, Head, Education, KPMG India
Key Discussion Points The State Government should consider opening a State Skill University on the lines of similar initiatives being taken by other states
Government and Industry to join hands for curriculum development and should co-certify candidates to align skill initiatives with industry demand, resulting in better placements of the candidates
The State Government may also consider opening Punjab Apprenticeship Cooperation to encourage on the job training
Look for avenues to collaborate with leading international institutions to enhance International Mobility
LinkagesKeyof partnersrural skill development in our missioncenters with urban SDCs should be strengthened
23 MoUs were signed in for Skill Development targeting training and capacity building of more than 1 Lac youth Private players empanelledannually with Government of Punjab
32 Engaging private sector for Speed, Scale and Standards
” Punjab has demonstrated true leadership by embracing innovation. It is creating a bold precedent in providing a supporting environment for technology-led businesses. We are incredibly excited to enter into this agreement with the Government of Punjab that will help both consumers and the state reap the benefits of ridesharing and the growing on demand, digital economy”
Mr. Amit Jain, President, Uber India
”It is not about lack of resources, infrastructure or ecosystem. Problem starts with the mindset. India needs to change its mindset towards skill development and should implement indigenous model of skills in the country.”
Prof. (Dr.) Mukti Kanta Mishra, President, Centurion University, Odisha
Mr. Gulshan Sharma, Director, Mr. Madan Mohan Mittal, Industries & Commerce Mr. Manish Sabharwal, Co-Founder ITFT Minister, Government of Punjab & Chairman, Teamlease Services
33 MoU Exchanged – ‘Institute of Advanced Mr. Narayanan Ramaswamy, Head, Education, KPMG India, Security Training and Management Pvt Ltd’ moderating the session New growth drivers for manufacturing
Date Panelists No. of Attendees
Mr. Ravi Menon, Executive Director, Air Works India Mr. Phil Shaw, Chief Executive, Lockheed Martin India Air Marshal Sukhchain Singh, AVSM, VSM, Air Officer-in-charge, Maintenance Air Headquarters (VB) Dr. Manjit Singh, Director, TBRL 28th Oct,2015 75+ Cmde Naresh Kumar, Senior Advisor, Pipavav Defence
Moderator: Amber Dubey, Head, Defence & Aerospace, KPMG India
Key Discussion Points
Punjab holds immense potential to develop as the helicopter manufacturing hub of the country- the state government could leverage from the efforts of Make in India campaign and other manufacturing incentive schemes
An ecosystem should be created wherein the manufacturers become a part of the global supply chain of aerospace equipment
The training burden on the manufacturers needs to be reduced by including industry relevant skills in academic curriculums.
Collaborations to be established between the Engineering colleges and the industry to impart industry relevant skills to the graduating students. The MSMEs should be able to “build - from – specification” and this can only happen when there is adequately skilled talent pool.
Creation of a Centre of Excellence for Defence software for domain skill development
34 New growth drivers for manufacturing
“MSMEs need to play a key role in aerospace and defence manufacturing ecosystem. Punjab is on the top for ease of doing business which enables investors like us to come and invest more in State.”
Mr. Phil Shaw, Chief Executive, Lockheed Martin India
There needs to be Joint venture with global companies in order to enhance defence production base in the State. Punjab has a strong base of MSMEs. They have capability to change from “build-to-print” to “build- from-specification”
Dr. Manjit Singh, Director, TBRL
Key MoUs Signed Proposed Company Name Investment amount Project Description (INR Cr) VIN AERO Defence and aero parts 5 Industries Ltd manufacturing unit in Jalandhar Gyrox Aviation Pvt. Manufacturing plant for 150 Ltd. manufacturing of Gyro planes
Cmde Naresh Kumar, Senior Advisor, Pipavav Defence
Mr. Phil Shaw, Chief Executive, MoU Exchanged – ‘VIN AERO Industries Ltd’ Lockheed Martin India
35 Dr. Manjit Singh, Director, TBRL emphasing on need for skilled labour in the Air Marshal Sukhchain Singh, Aerospace and Defence Sector AVSM, VSM, Air Officer-in-charge, Maintenance Air Headquarters (VB) The Final Pitch
Date Panelists No. of Attendees
Mr. K.S Bhatia, Founder, Pumpkart Professor Sidharth Singh, Associate Professor, Marketing, ISB Mr. Rajeev Rai, MD, Bebo Technologies Mr. Dinesh Dua, CEO, Nectar Lifesciences 29th Oct,2015 160+ Mr. Samar Singla, Founder, Jugnoo & ClickLabs
Moderator: Mr. Yatin Thakur, Startup Weekend, US
Key Discussion Points
A total of 17 finalists from various parts of India pitched their ideas to the eminent jury based on various themes ranging from health kits to cash wallets to eco-friendly ideas such as easy waste to manure conversion
The top 3 teams were:
1st - Survival Kit: an innovative, affordable real time test for cervical cancer, HIV and STD screening for women
2nd - Let’s Ride: app and web based solution for providing access to 2 wheelers on rent on an hourly basis
3rd - Bento Tiffin: affordable app based solution to get access to homemade food
The top 3 business ideas were awarded with incubation space including connectivity bandwidth co- sponsored by Invest Punjab, Software Technology Parks of India and Startup Accelerator Chamber of Commerce
The teams shall be mentored by various industry stalwarts and successful entrepreneurs
36 The Final Pitch
“Entrepreneurship is Punjab’s strength, and if we support this, it will be a game changer for Punjab”
Sh. Parminder Dhindsa, Hon’ble Finance Minister of Punjab
“Many decades back, Punjab went through the Green Revolution, now is the opportunity to bring about a Startup Revolution and make it the Startup capital”
Mr. Manipal Dhariwal, President, SACC
“We intend to invest in about 60 startups a year, we know all the good ideas are not based in Gurgaon, Delhi or Bangalore, they come from all over India, that’s why we come out to meet people in Punjab..”
Brett Stevens, Jaarvis Accelerator, Hong Kong
Success Story – ‘Iscuella’ Team– ‘Waste is wealth’ Team– ‘Bento Tiffin’
37 Highly engaged audience witnessing the entrepreneurial spirit of Punjab Poland
Date Panelists No. of Attendees
H.E. Jerzy Witold Pietrewicz, Secretary of State, Ministry of Economy Mr. Krzysztof Grabczuk, Vice Marshall, Lublin Voivodship Mrs. Lucyna Jaremczuk, General Counsellor, Ministry of Economy Mrs. Renata Malgorzata Palen, Counsellor, Ministry of Administration and Digitization 28th Oct,2015 80+ Mrs. Jolanta Swiesciak, Polish Armament Group, PGZ Mr. Zbigniew Jerzy Golebiewski, National Centre of Nuclear Research Mr. Rajiv Luthra, Founder & MD, Luthra & Luthra Law Offices Mr. Anoop Bector, MD, Cremica Mr. Bhavdeep Sardana, CEO, Sukhjit Starch and Chemicals Ltd
Key Discussion Points
Polish delegates showcased investment opportunities in Poland in sectors such as Armaments, Information Technology and Food Processing
Poland, primarily being an Agrarian economy like Punjab, synergies shall be explored for business tie ups. Potential for Poland to procure raw material from Punjab
Further, farmers and food processing companies from Punjab should look to collaborate for technology transfer with Polish counterparts
Synergies shall also be explored in waste management and resource conservation
38 Poland
“Poland and Punjab should build agriculture and food processing as their fundamental foundation of their collaboration and economic development. There are numerous things to offer to India and at the same time expect in return”
H.E. Jerzy Witold Pietrewicz, Secretary of State, Ministry of Economy
Punjab is the most relevant place for the There is need for knowledge Polish businesses to set up. Wheat, stone sharing between two countries fruits and other raw materials can be to excel. We are ready to talk procured through Punjab in order to fulfill and discuss possibilities of Poland’s requirements. Punjab has whatever trade exchange and find new is needed, therefore it is a unique commercial ideas” opportunity to invest” “Happy to sign a memorandum of understanding with the State Mr. Bhavdeep Sardana, CEO, Sukhjit of Punjab to not only Starch and Chemicals Ltd improve/develop the present but also the future”
Mr. Krzysztof Grabczuk, Vice Marshall, Lublin Voivodship
Mrs. Jolanta Swiesciak, Polish Armament Group, PGZ
Mrs. Lucyna Jaremczuk, General Counsellor, Ministry of Economy Mr. Suresh Kumar, ACS(Development)
39 Mrs. Renata Malgorzata Palen, Mr. Rajiv Luthra, Founder & MD, Luthra & Luthra Law Offices discussing the Counsellor, Ministry of legal nuances in cross border investments Administration and Digitization 5 Valedictory 5 SECTION
The Progressive Punjab Investors Summit 2015 successfully ended on 29-Oct-2015. The valedictory function, which was presided over by Deputy Chief Minister S. Sukhbir Singh Badal, also saw him announcing a startup fund of Rs 100 Crore for young entrepreneurs. The Deputy Chief Minister also gave a call for all "born in Punjab" industrialists to invest back in their State in case they have settled out of Punjab or abroad.
On this occasion, the Industries and Commerce Minister, Punjab, Shri Madan Mohan Mittal said that what the Punjab Government speaks, it promises to translate into action. He also extended the invitation to the industrialists to become partners in the novel technique of agro-diversification.
Overwhelming response from the industry at the summit reinforces the fact that Punjab is moving forward in the right direction to become the preferred investment destination in the country.
Mr. Anirudh Dhoot, Director, Delegation from Hungary at the valedictory 41 Videocon Industries “This is the State where government and bureaucracy has made it easy for investments under the dynamic leadership of Deputy Chief Minister. We plan to open a hospital in Amritsar with an investment of Rs. 1,200 crores.”
Ms. Shobana Kamineni, Exec. Vice Chairperson, Apollo Group
“Plan to engage the farmers of Punjab on the pattern of Anand Dairy Farming (Gujrat). Operations already in Batala but plan to launch units in Khamano and Bathinda. 1000 villages of the state would be covered at the initial stage with an investment of Rs. 150 crores.”
Mr. R.S. Sodhi, Managing Director, Amul
“World is looking for Punjab “We are all set to start the as the state has created an big food processing unit in ample infrastructure.” Rajpura soon.”
Mr. Manish Sabharwal, Mr. Michael Goetll, CEO, Chairman, TeamLease Bunge Asia
“I appreciate Govt of Punjab “I have visited many states but for establishing one stop the kind of stable political mechanism “Invest Punjab” environment and speedy for granting all approvals to clearances are only found in setup units. Only you can dare Punjab. We now plan to set up to do that besides quick mobile and set-top box decisions” manufacturing unit in Punjab.”
Mr. Rajinder Gupta, Mr. Anirudh Dhoot, Director, Chairman, Trident Group Videocon Industries
“A sea of change was noted in the investment environment as the focus of Punjab government is as a facilitator not as regulator. Then talking about peaceful environment in the state, we are here from 65 years but never faced any labour unrest.”
Mr. Kamal Oswal, Vice Chairman, Nahar Group of Companies
“We welcome the decisions of Punjab government. We are encouraged to grow and expand in Punjab.”
Mr. Viren Popli, COO, Swaraj Division, Farm Equipment Sector of Mahindra & Mahindra Ltd
42 Proposed Proposed Proposed Investment: Rs. Proposed Investment: Rs. Investment: Rs. 4,500 crores 3,100 crores 3,000 crores Proposed Project : Proposed Project : Skill Proposed Project : Mega Residential, Commercial, Development Programme, Residential /Commercial/Hotel Investment:Hotel,Investment:Investment: Industry Rs. Rs. &Rs. 4,500 IT4,500 4,500Project crores crores crores Investment:Investment:CapitalInvestment: Proposed Rs. Rs. Rs. 3,1 3,1 Investment, 003,100 crores00 crores crores Investment:Investment:Investment: Rs. Rs. Rs. 3,000 3,000 3,000 crores crores crores Advances etc. Investment: Rs. 4,500 crores Investment: Rs. 3,100 crores Investment: Rs. 3,000 crores
Investment: Rs. 4,500 crores Investment: Rs. 3,100 crores Investment: Rs. 3,000 crores Investment: Rs. 4,500 crores Investment: Rs. 3,100 crores Investment: Rs. 3,000 crores
Investment:Investment:ProposedInvestment: Investment:Rs. Rs. Rs. 2,400 2,400 2,400 crores crores Rs.crores Investment:Investment:Investment:Proposed Rs. Rs.Investment: Rs. 2,250 2,250 2,250 crores crores crores Rs. Investment:Investment:Investment:Proposed Rs. Rs. Investment:Rs. 1,185 1,185 1,185 crores crores crores Rs. 2,400 crores 2,250 crores 1,185 crores
Investment:Proposed Rs.Project 4,500 : crores Investment:Proposed Rs. 3,1 Project00 crores : Investment:Proposed Rs. Project 3,000 : crores5 Star Commercial & Gorup Housing Residential & Commercial Facility Investment: Rs. 2,400 crores Investment: Rs. 2,250 crores Investment: Rs. 1,185 crores Investment: Rs. 2,400 crores Investment:Project Rs. 2,250 crores Investment: Rs. 1,185 crores Investment: Rs. 2,400 crores Investment: Rs. 2,250 crores Investment: Rs. 1,185 crores
Investment:Investment:Investment: Rs. Rs. Rs. 1,800 1,800 1,800 crores crores crores Investment:Investment:Investment: Rs. Rs. Rs. 800 800 800 crores crores crores Investment:Investment:Investment: Rs. Rs. Rs. 65 650 650 crores crores0 crores Investment: Rs. 2,400 crores Investment: Rs. 2,250 crores Investment: Rs. 1,185 crores
Investment: Rs. 1,800 crores Investment: Rs. 800 crores ProposedInvestment: Investment: Rs. 650 crores Rs. Investment: Rs. 1,800 crores Investment: Rs. 800 crores Investment: Rs. 650 crores ProposedInvestment: Investment: Rs. 1,800 Rs. crores Investment:Proposed Investment: Rs. 800 crores Rs. Investment:650 crores Rs. 650 crores 1,800 crores 800 crores Proposed Project : Facilities Proposed Project : Proposed Project : WTC for Comprehensive medial Reality/Hospitality/Residential Chandigarh Investment:Investment:Investment:Investment: Rs. Rs.Rs. Rs. 600 6001,800 600crorescrores crorescrores Investment:Investment:Investment:Investment: Rs. Rs.Rs. Rs. 500 500800 500 crores crorescrores crores Investment:Investment:careInvestment: and critical Rs. Rs. Rs. 100 10065care 100 0crores crores in crores the state
Investment: Rs. 600 crores Investment: Rs. 500 crores Investment: Rs. 100 crores Investment: Rs. 600 crores Investment: Rs. 500 crores Investment: Rs. 100 crores
Investment: Rs. 600 crores Proposed Investment: Rs. ProposedInvestment: Investment: Rs. 600 crores Rs. Investment:Investment: Rs. Rs. 500 500 crores crores Investment:Investment: Rs. Rs. 100 100 crores crores 500 crores Proposed Investment: Rs. 600 crores Proposed Project Multi 100 crores Proposed Project : Multi Speciality Hospital Proposed Project : Driver Speciality Hospital Training Institute
43
MoU Exchanged – ‘GILLCO’ MoU Exchanged – ‘Uber India’ MoU Exchanged – ‘Apollo Group’ Progressive Punjab team with Hon’ble Deputy Chief Minister, Sukhbir Singh Badal, Punjab
44