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February 24, 2024 5:03 am

Punjab became the first state in the country to do color coding of stamp paper

The Fact News Service
Chandigarh, May 12

Punjab today became the first state in the country to launch unique color-coded stamp papers, as Chief Minister Bhagwant Mann on Friday announced to introduce green colored stamp papers to facilitate the entrepreneurs for setting up their units in the state thereby giving a much-needed fillip to industrial growth.

“This is a revolutionary step aimed at promoting ease of doing business for the entrepreneurs desirous of setting up their units in the state”, said the Chief Minister in a video statement issued here on Friday.

The Chief Minister said that any industrialist who is keen on setting his industrial unit in the state can get this unique color-coded stamp paper from Invest Punjab Portal. He said that industrialists will have to just pay various fees required for getting clearances in form of CLU, forest, Pollution, Fire and other to set up his unit while purchasing this single stamp paper only. Bhagwant Mann said that after purchasing the stamp paper, the industrialist will get all the necessary clearances from all the departments within 15 days to set up his unit.

The Chief Minister said that this first-of-its-kind initiative by the state government will give a major fillip to the industry in Punjab. He said that this idea had come from the meetings with the industrial tycoons from within the state and across the country during the run up for Invest Punjab held earlier this year. Bhagwant Mann envisioned that this will facilitate the industrialists in a big way by saving their time, money and energy.

The Chief Minister further said that green color stamp paper will symbolize that the industrialist has already paid the entire fee for the clearances required for industry. He announced that the same color coding will also be implemented in other sectors like housing and others to ensure optimum utilization of the land resources on one hand and facilitating the people on the other. Bhagwant Mann envisioned that this out-of-the-box idea will emerge Punjab as a front-runner state across the country in the industrial sector.

The Chief Minister expressed hope that this noble initiative will attract more investment in the state thereby generating new employment opportunities for the youth of the state. He reiterated the firm commitment of the state government to ensure the well-being of every section of the society adding that every decision of his government is aimed towards this. Bhagwant Mann said that the day is not far when other states will also replicate this industrial-friendly initiative of the Punjab government.

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