Close X
Friday, November 22, 2024
ADVT 
India

Punjab CM seeks incentives for industry on par with hill states

Darpan News Desk IANS, 23 Oct, 2024 01:31 PM
  • Punjab CM seeks incentives for industry on par with hill states

Chandigarh, Oct 23 (IANS) Presenting Punjab's industrial growth before a team of NITI Aayog, Chief Minister Bhagwant Mann on Wednesday sought incentives for industry of the state on a par with neighbouring hill states.

Addressing the gathering during the inaugural session of a workshop on MSME exports as drivers of growth for Punjab, the Chief Minister said that "it is the need of the hour to give subsidies and incentives to the industrialists of Punjab on a par with the hill states".

He said Punjab being a border state should be given the status of ease of business on lines of hilly states.

"This will help ensure comprehensive industrial development as the state has lagged in industrial growth due to incentives to hill areas," he said.

Describing MSMEs as the backbone of the state’s economy, the Chief Minister said the government and MSMEs would have to come together and work as a team for the exponential growth of the state. He invited the captains of industry to take advantage of the initiatives of the government of Punjab to become globally competitive and shine on the world's centre stage.

Mann said that Micro, Small and Medium Enterprises (MSMEs) play a crucial role in the growth of the economy contributing significantly to Gross Domestic Product (GDP), Gross Value Added (GVA), employment generation, and exports.

In his address, NITI Aayog Vice-Chairman, Suman Berry, said the state has a huge opportunity to excel in the MSME sector. He said the time has come when the relationship between the agrarian and industrial sectors is made productive in the state. He batted for an integrated strategy for these sectors for the holistic development of the state’s economy. He said Punjab is rapidly growing in the industrial sector but more can be done in this regard. He said faster, better and cleaner should be the three characteristics of development in the state during the coming times.

Mohali is a perfectly feasible location for the IT sector and professionals, he said, adding that he hoped that deliberations would be a huge success for the state.

MORE India ARTICLES

Cyclone Dana: High alert issued across West Bengal

Cyclone Dana: High alert issued across West Bengal
The administration in West Bengal is on high alert while all necessary precautionary measures have been taken to minimize the impact of Cyclone Dana which is expected to make a landfall between Bhitarkanika of Kendrapara district and the Dhamara area of Bhadrak district. Flight services have been cancelled at Netaji Subhas Chandra Bose International Airport in Kolkata for 15 hours from Thursday.

Cyclone Dana: High alert issued across West Bengal

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot
A major fire broke at the busy marketplace of Ezra Street in central Kolkata on Wednesday night. As per the information, as many as 15 fire-tenders have rushed to the spot and are trying to extinguish as well as prevent the fire from spreading further.

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal
The Shiromani Akali Dal (SAD) on Tuesday said Punjab Chief Minister Bhagwant Mann was responsible for the plight of farmers in the markets, saying that they were suffering because they had adhered to the appeal of the government and sown early varieties of paddy like PR-126 which were now not being procured.

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal

BJP names three candidates for Punjab Assembly bypolls, Manpreet Badal fielded from Gidderbaha

BJP names three candidates for Punjab Assembly bypolls, Manpreet Badal fielded from Gidderbaha
The BJP on Tuesday named three candidates, including former minister Manpreet Badal, for the bypolls to the four Assembly constituencies in Punjab, scheduled on November 13. Former finance minister Badal has been fielded from his stronghold Gidderbaha. Ravi Karan Singh Kahlon will contest from Dera Baba Nanak and Kewal Singh Dhillon from Barnala.

BJP names three candidates for Punjab Assembly bypolls, Manpreet Badal fielded from Gidderbaha

Bomb threat: IndiGo Airlines with 183 passengers make emergency landing at Jaipur airport

Bomb threat: IndiGo Airlines with 183 passengers make emergency landing at Jaipur airport
An IndiGo Airlines flight with 183 passengers on board on Tuesday evening had to make an emergency landing at the Jaipur International Airport after receiving a bomb threat. An official said that the flight was coming from Kolkata to Jaipur when the pilot got information that there was a bomb in the flight.

Bomb threat: IndiGo Airlines with 183 passengers make emergency landing at Jaipur airport

India and Pakistan extend validity of agreement on Sri Kartarpur Sahib Corridor

India and Pakistan extend validity of agreement on Sri Kartarpur Sahib Corridor
India and Pakistan on Tuesday decided, through diplomatic channels, to extend the validity of the agreement on Sri Kartarpur Sahib Corridor for a further period of five years. The agreement, signed on October 24, 2019 to facilitate the visit of pilgrims from India to Gurdwara Darbar Sahib Kartarpur, Narowal, Pakistan through the Kartarpur Sahib Corridor, was valid for a period of five years.

India and Pakistan extend validity of agreement on Sri Kartarpur Sahib Corridor

PrevNext