Consider the following statements 1 Punjab Bureau of Investment Promotion PBIP has been established ...........

Punjab Economy

Consider the following statements.

1.Punjab Bureau of Investment Promotion (PBIP), has been established by the Government of Punjab for One- stop clearance of the proposals of new investments in the State.

2.It coordinate with the Department of Industry for organizing trade fairs, road shows, seminars and conferences for investment promotion.

3.It is designated as the nodal agency for promoting ease of doing business in the state.

Which of the following statements is /are correct ?

1 and 2 Only

2 and 3 Only

1 and 3 Only

All of the above

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Explanation:

Punjab Bureau of Investment Promotion (PBIP), Department of Investment Promotion,has been establishedby the Government of Punjab for One-stop clearance of the proposals of new
investments in the State.

Objectives :

To interact with industry at National and International level to promote investment in Punjab.
To follow up investment proposals in the Departments of the Union and State Governments.
To follow up and monitor any other matters of Punjab pending in any ministry or Department of the Union Government.
To coordinate with the Department of Industry and other concerned departments for organizing trade fairs, road shows, seminars and conferences for investment promotion.

For promoting ease of doing business, Punjab Bureau of Investment Promotion (PBIP) has been set up, which will act as a nodal agency to carry out the objectives of the package and to resolve and provide time bound clearance of all new investment in the state.