October 2019 \ Business & Investment \ VOLVO AND ESSAR
Punjab seeks investment from Infosys, Volvo

Punjab Finance Minister Manpreet Singh Badal ...

  • Mr Manpreet Singh Badal

Punjab Finance Minister Manpreet Singh Badal in August called on Infosys co-founder and non-Executive Chairman Nandan Nilekani and Volvo Group Managing Director to seek investments in his state. Mr Nilekani evinced interest to develop a start-up ecosystem in view of the excellent infrastructure in the Information Technology city Mohali, an official statement said.

During the deliberations, the delegation, also comprising Public Works Minister Vijay Inder Singla, impressed upon Mr Bali to setup a Volvo design centre and a service centre in the state, besides opening a skill development centre to impart basic training to drivers. The Finance Minister apprised the Volvo Group President about incentives and concessions being offered by the state.