India’s Punjab state and the American Chamber of Commerce in India (AMCHAM India) recently signed a memorandum of understanding (MoU) for mutual cooperation on investment promotion and ease of doing business. Invest Punjab chief executive officer Rajat Agarwal said collaboration opportunities with Punjab-based companies exist in sectors like textile, agriculture, engineering and pharmaceuticals.
Established in 2013 by the state government, the Punjab Bureau of Investment Promotion, or Invest Punjab, is a single point of contact for facilitation of investors who are looking to set up a business in Punjab.India's Punjab state and the American Chamber of Commerce in India recently signed a memorandum of understanding for mutual cooperation on investment promotion and ease of doing business. Invest Punjab chief executive officer Rajat Agarwal said collaboration opportunities with companies in the state exist in sectors like textile, agriculture and engineering.#
A joint working group will be formed to support and develop investment cooperation, according to a state government press release.
The MoU was signed by Agarwal and AMCHAM India program director Rajiv Anand.
Agarwal highlighted that the state had served as a launch pad for renowned multinational corporations that launched their India operations.
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