Close X
Wednesday, October 23, 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

Doyen of India Inc, Tata Group's Ratan Tata passes away

Doyen of India Inc, Tata Group's Ratan Tata passes away
Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital following age-related health conditions. He was 86. Tata was admitted to the hospital on Monday, sparking intense speculation on his health status in corporate, political and common circles.

Doyen of India Inc, Tata Group's Ratan Tata passes away

Global conflicts demonstrate need for a strong and capable Air Force: IAF Chief

Global conflicts demonstrate need for a strong and capable Air Force: IAF Chief
The celebration was organised at the Air Force Station, Tambaram in Chennai. Chief of Defence Staff General Anil Chauhan also graced the occasion. Air Chief Marshal A. P. Singh said that the Indian Air Force (IAF) has to remain prepared to meet any contingency that challenges the national interests.

Global conflicts demonstrate need for a strong and capable Air Force: IAF Chief

Congress should rework their strategy: Priyanka Chaturvedi on Haryana results

Congress should rework their strategy: Priyanka Chaturvedi on Haryana results
Commenting on the Haryana results, Shiv Sena (UBT) leader Priyanka Chaturvedi on Tuesday said Congress should rework their strategy. She emphasised that in cases where Congress is losing strength in direct fights, like in Madhya Pradesh and now in Haryana, they need to reassess and rework their strategies.

Congress should rework their strategy: Priyanka Chaturvedi on Haryana results

Best performance of BJP so far: Jitendra Singh expresses satisfaction with J&K election results

Best performance of BJP so far: Jitendra Singh expresses satisfaction with J&K election results
Union Minister Jitendra Singh on Tuesday expressed satisfaction with the results of the Jammu and Kashmir (J&K) elections and said that this was the best performance of the BJP so far.

Best performance of BJP so far: Jitendra Singh expresses satisfaction with J&K election results

After Haryana poll win, Amit Shah hits out at Rahul Gandhi for tarnishing India's image abroad

After Haryana poll win, Amit Shah hits out at Rahul Gandhi for tarnishing India's image abroad
After BJP secured a historic win in Haryana Assembly elections, Union Home Minister Amit Shah hit out at Congress leader Rahul Gandhi, accusing him of tarnishing India's image abroad for political gain while stating that Haryana voters have rejected such divisive tactics.

After Haryana poll win, Amit Shah hits out at Rahul Gandhi for tarnishing India's image abroad

Andhra CM meet Union Ministers, discuss key projects

Andhra CM meet Union Ministers, discuss key projects
On the second day of his visit to the national capital, he met Minister of Road Transport and Highways Nitin Gadkari, Minister of Commerce & Industries Piyush Goyal, Minister of Steel and Heavy Industries H. D. Kumaraswamy and Minister of Petroleum and Natural Gas Hardeep Singh Puri.

Andhra CM meet Union Ministers, discuss key projects