The Bhagwant Singh Mann-led Punjab government has introduced a groundbreaking initiative to revolutionize industrial growth with the launch of Indias first color-coded green stamp papers. This innovative policy, introduced in 2023, aims to simplify bureaucratic processes for entrepreneurs and create a conducive environment for industrial investments.Green Stamp Papers: Simplifying Industrial ClearancesAt the heart of this initiative lies the green-colored stamp papers, specifically designed for industrialists establishing new ventures in Punjab. Available through the Invest Punjab portal, these stamp papers allow entrepreneurs to pay upfront fees for essential clearances, including Change of Land Use (CLU), forest, pollution, and fire approvals. This system ensures a seamless and efficient approval process, with the government committed to delivering all required clearances within just 15 days.The green stamp paper symbolizes pre-paid approvals, eliminating bureaucratic delays and streamlining the approval process. This first-of-its-kind solution demonstrates the state governments commitment to fostering ease of doing business and attracting significant industrial investment.Origin of the Color-Coded ConceptThe idea of color-coded stamp papers emerged during discussions between CM Bhagwant Mann and industrial leaders ahead of the Invest Punjab summit. Recognizing the challenges faced by business owners, Mann devised this “out-of-the-box” solution to enhance Punjabs appeal as an investor-friendly destination.Expanding Beyond IndustryBuoyed by the success of the green stamp papers, CM Mann announced plans to extend the color-coding system to other sectors such as housing. This expansion aims to promote better land resource utilization and streamline processes across industries, making Punjab a leader in innovative governance.Investment Milestones and Job CreationIn the past 29 months, Punjab has attracted 5,265 investment proposals worth ₹83,857 crore, expected to generate approximately 3,87,806 jobs. The states progressive policies, including the introduction of color-coded stamp papers, have positioned Punjab as a preferred destination for industrial investments in India.A Vision for a Progressive PunjabThrough transformative policies like the color-coded stamp papers, CM Bhagwant Manns government has demonstrated its commitment to driving industrial growth, reducing red tape, and creating a business-friendly environment. These measures underscore Punjabs dedication to fostering innovation and development, propelling the state to the forefront of Indias industrial landscape.
