The Punjab government has signed more than two dozen memoranda of understanding (MoUs) with corporate houses entailing investment proposals of around Rs 65,000 crore during the two-day Progressive Punjab summit that concluded on Tuesday.
But critics say Punjab's Deputy Chief Minister Sukhbir Singh Badal is trying to take credit for attracting investments even though many of these projects were announced previously or are already at implementation stage.
Take, for instance, the pipeline project proposed by Gujarat State Petronet Ltd (GSPL). The pipeline was approved by the Petroleum and Natural Gas Regulatory Board in 2011. The project will transport natural gas not just to Punjab but also to Jammu and Kashmir. In November, the J&K government cleared an ordinance supporting the pipeline.