Close X
Saturday, October 26, 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

Rahul Gandhi's Yatra to enter Maharashtra on March 12, conclude at Mumbai Chaityabhoomi

Rahul Gandhi's Yatra to enter Maharashtra on March 12, conclude at Mumbai Chaityabhoomi
The BJNY which started on January 15 from Manipur, traversed 6,700 km, 110 Lok Sabha constituencies across 15 states, will culminate with a public rally to be attended by top leaders of the national Opposition INDIA bloc on March 17 at Chhatrapati Shivaji Maharaj Park here.  

Rahul Gandhi's Yatra to enter Maharashtra on March 12, conclude at Mumbai Chaityabhoomi

'This is a true act of democracy': US singer Mary Millben hails PM Modi on CAA implementation

'This is a true act of democracy': US singer Mary Millben hails PM Modi on CAA implementation
Thanking Prime Minister Narendra Modi for his "compassionate leadership", American actress-singer Mary Millben on Monday lauded the implementation of the Citizenship Amendment Act (CAA) as a 'true act of democracy and pathway to peace'. PM Modi-led government's announcement, granting Indian nationality to persecuted non-Muslim migrants, Christians, Hindus, Sikhs, Jains, Buddhists, and Parsis from Pakistan, Bangladesh, and Afghanistan.

'This is a true act of democracy': US singer Mary Millben hails PM Modi on CAA implementation

Akali Dal seeks CBI probe into Rs 500 crore wheat, flour delivery 'scam' in Punjab

Akali Dal seeks CBI probe into Rs 500 crore wheat, flour delivery 'scam' in Punjab
The Shiromani Akali Dal (SAD) on Monday demanded a CBI probe into the home delivery of wheat and flour in Punjab by the Aam Aadmi Party (AAP) government, alleging Rs 500 crore would be looted from the treasury by allotting this work to Delhi-based companies close to AAP convener Arvind Kejriwal.

Akali Dal seeks CBI probe into Rs 500 crore wheat, flour delivery 'scam' in Punjab

Budget inclusive, balanced, development oriented: Punjab CM

Budget inclusive, balanced, development oriented: Punjab CM
Punjab Chief Minister Bhagwant Mann on Tuesday hailed the budget 2024-25, presented by Finance Minister Harpal Cheema, describing it as a step forward towards carving out 'Rangla Punjab' through inclusive, balanced, and comprehensive development of the state.

Budget inclusive, balanced, development oriented: Punjab CM

Odisha: PM Modi lays foundation stone, inaugurates projects worth over Rs 19,000cr

Odisha: PM Modi lays foundation stone, inaugurates projects worth over Rs 19,000cr
Prime Minister Narendra Modi on Tuesday laid the foundation stone and dedicated to the nation multiple development projects worth around Rs 19,600 crores during a programme at Chandikhole in Jajpur district. The projects were related to different sectors including oil & gas, railways, road, transport & highways and atomic energy.  

Odisha: PM Modi lays foundation stone, inaugurates projects worth over Rs 19,000cr

Facebook, Instagram suffer mega outage globally, including in India

Facebook, Instagram suffer mega outage globally, including in India
Meta-owned apps Facebook, Instagram, Messenger and Threads suffered a major outage on Tuesday globally, including in India, as millions were unable to join the social media platforms. Website outage tracking website Downdetector showed more than one lakh reports of Facebook being down, and the number was increasing.

Facebook, Instagram suffer mega outage globally, including in India