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Punjab gets over Rs 1,000-crore FDI proposals; land purchased

Vijay C Roy Chandigarh, February 24 Despite the Covid-19 pandemic, Punjab has managed to attract global companies from the US, UK, Canada and France across diverse sectors, such as sports infrastructure, real estate, IT, pharmaceuticals and industrial gases. The state received over Rs 1,000-crore FDI proposals during April 2020 January 2021. The companies have already procured land and submitted the detail project report (DPR) to the government, according to Rajat Aggarwal, CEO, Invest Punjab. RoundGlass Well Being (P) Ltd, a subsidiary of US-based RoundGlass LLC, has submitted a proposal for investing Rs 455.32 crore on the state-of-the-art sports infrastructure in Mohali. It will offer players access to an international-level sports ecosystem through a team of certified coaches along with world-class technical staff, nutritional, educational, medical and training facilities.

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