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Punjab woos NRIs with investment sops

March 21, 2005
The Peninsula
Moiz Mannan


Punjab — a land of lion-hearted, hard-working people; a land that has valiantly put behind it the scourge of terrorism; a land of gritty freedom fighters and tough soldiers; a land that has sent hundreds of thousands of its sons to different parts of India and the world. Yes, Punjabis have far left behind the stereotype of “Sarso da saag, te makke di roti...” to create a niche for themselves as successful businessmen and brilliant professionals across the globe.

Now, the homeland beckons. Politicians, administrators and planners in this northern state of India have realised the huge potential of overseas Punjabis to invest in ventures back home to incredible mutual benefit. The Amarinder Singh government seems keen to make things happen for non-resident Punjabis who are known for their phenomenal ability to adapt to any situation and circumstance. In lighter vein, people say that Punjabis and potatoes are the two things you could find in any corner of the world. Seriously, though, the Punjab government will have to match this amazing adaptibility of its overseas population with its own flexibility.

If announcements and assurances are to be believed, the state would soon have special ‘fast-track’ courts for NRIs and add an initial provision of Rs500m to encourage NRI investments in the Punjab Infrastructure Development Board (PIDB).

The state’s Minister for NRI Affairs, Amarjit Singh Samra was recently quoted by the Pioneer as saying: “In order to expedite the disposal of the revenue cases relating to the Non Resident Indians regarding Partition, Mutation and Correction of Khasra Girdawari etc, the Punjab Government would soon set up two fast-track courts (Revenue) at Jalandhar and Hoshiarpur.” He also said that it came to notice that most of the NRIs were facing day-to-day problems concerning their land in the state as they could not fully rely on their kith and kin. Even they attempted to take undue benefit of their absence.

Samra revealed that it was proposed that the revenue cases concerning land of NRIs lying pending in various courts in a division may be transferred to one such fast-track court for early disposal of these cases. He said the disposal of the cases would be entrusted to the Tehsildar on Special Duty in the office of the Commissioner of respective division. For this, jurisdictional powers will also be vested in the Assistant Collector Grade-I for the Division of NRI matters. It was also proposed that Commissioner (NRI) be designated as Divisional Commissioner for NRI revenue matters.

With a view to securing quick judicial redressal to problems of NRIs, the state government has already amended the East Punjab Rent Restriction Act, 1949 and Punjab Security of Land Tenures Act. These amendments enable NRIs to take possession of their residential, commercial and agricultural properties by way of summary proceeding.

An ‘NRI Police Helpline’ has also been established and was working in an effective manner. ‘Police On Air’ for redressal of grievances was being provided on every second and fourth Wednesday by the state police department which gets feed back from the NRIs in Canada through the Radio Channels regularly.

Earlier this year, Chief Minister Amarinder Singh too had referred to this proposal during the Pravasi Bharatiya Divas deliberations. While promising the fast-track courts, he said the amendments to the two acts would enable NRIs to re-build their ancestral houses and secure their agriculture land. The Punjab government has also notified rules for appointment of NRI Nambardars in those villages from where more than 20 families have migrated to foreign countries to take special care of the properties in their absence.

Successful overseas Punjabis are now expected to look closely at investing in the real estate sector. A group of them have already discussed the issue with India’s Minister for Overseas Indian Affairs, Jagdish Tytler. According to Vikramjeet Singh Bajwa, vice president of the Indian national overseas congress, the minister has opened new areas welcoming investments in new cities. “What we would like to do is make a parallel city, next to Ludhiana, next to Jallandhar and next to Amritsar. That will be number one priority,” said Bajwa.

He was also welcomed the Punjab chief minister’s initiative to speed up processes for NRIs so that legal disputes can be sorted quickly, because “people can’t keep coming back across thousands of miles here to participate in the legal system which works very slowly.” NRIs feel that it will give great encouragement to NRIs to invest in India and in Punjab, and make sure that they could also bring skills apart from investment in terms of money.

Urging NRIs to invest in the state, Amarinder Singh has announced that a Single Window Act for NRI Investment would soon be passed in the state assembly. He says special funds would be available for NRIs investment in large scale Punjab Infrastructure Development Board (PIDB) assisted projects and a provision of Rs500m had been earmarked for the purpose. Calling Punjab as the land of opportunities, the chief minister has invited investment in sectors like education, health and rural development.

On its part, the Punjab National Bank (PNB) is also reaching out to the Punjabi diaspora abroad. It is looking closely at the Gulf region for opportunities to open representatives offices. The bank has applied to the UAE Central Bank to open an office in Dubai.


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