Mohali: Leading industry bodies Confederation of Indian Industry (CII) and PHD Chamber of Commerce and Industry (PHDCCI) have urged the Punjab govt to open a one-time window for industrial units to migrate from the Punjab Industrial and Business Development Policy-2022 to the New Industrial and Business Development Policy-2026.In separate representations to industries and commerce minister Aman Arora and Invest Punjab CEO Amit Dhaka, the two organisations said several genuine investors missed the migration deadline due to procedural delays, ambiguities and lack of awareness during the rollout of the new policy.The New Industrial and Business Development Policy-2026, notified on March 8, had provided a 90-day migration period for ongoing investment applications filed under the 2022 policy.CII chairman Harpreet Nibber said the 2026 policy had received an encouraging response from industry and called for a pragmatic approach by allowing eligible units to shift to the new regime through a one-time relaxation. He said the move would boost investor confidence, support industrial expansion, attract fresh investments and strengthen Punjab’s image as a business-friendly destination.Echoing the demand, PHDCCI Punjab state chapter chair Karan Gilhotra said the chamber had received representations from several industrial units seeking migration to the new policy. He said many investors missed the deadline because of procedural misunderstandings and inadvertent delays despite their intent to invest in Punjab.PHDCCI said reopening the migration window would encourage industrial expansion, attract new investment, generate employment and further improve Punjab’s competitiveness as an investment destination.The two industry bodies urged the state govt to consider the request in the larger interest of industrial growth, stating that a one-time relaxation would provide relief to genuine investors without diluting the intent of the new policy.
