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Punjab govt's investment summits big hoax: Congress

Last Updated: Friday, August 29, 2014 - 00:11

Chandigarh: Terming the "much-hyped" investment summits organised by the Punjab government as "big hoax", Congress today alleged that the events had failed to facilitate any investment for the state. Quoting information received through Right to Information (RTI), Punjab Congress chief Partap Singh Bajwa said Punjab Investors Summit of December 2013 and Agriculture Summit of February 2014 have proved to be "big hoax" as no MoU had finally materialised.

Bajwa claimed as per the reply received from the department concerned through RTI, a total of 138 MoUs were signed, out of which only 10 relate to the agriculture summit.

"The state investment bureau had failed to provide the status report of any of these 10 MoUs. Of these 138 MoUs, the present status of only 48 MoUs had been provided and that too is shrouded in ambiguity. Nothing is known about the fate of the remaining 90 MoUs," he said.

Bajwa claimed that even out of these 48 MoUs, the status reported in the case of 22 MoUs is "in communication with bureau" and in case of 20 others, it had been stated as "case in process with bureau".

He slammed Punjab Deputy CM Sukhbir Badal for "wasting" public money on organising the investment summits. The money had just gone down the drain, he alleged.

First Published: Friday, August 29, 2014 - 00:11

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