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

J&K L-G launches ‘Sambhaav Utsav 2024’ in New Delhi

J&K L-G launches ‘Sambhaav Utsav 2024’ in New Delhi
J&K L-G Manoj Sinha on Tuesday launched ‘Sambhaav Utsav’ in New Delhi. The L-G said that Sambhaav Utsav also put the spotlight on the future of J&K which is readying to contribute in Viksit Bharat.  

J&K L-G launches ‘Sambhaav Utsav 2024’ in New Delhi

3,700 children went missing from Assam, most of them rescued: Minister Ajanta Neog

3,700 children went missing from Assam, most of them rescued: Minister Ajanta Neog
Assam Women and Child Development Minister Ajanta Neog told the Assembly on Tuesday that over 3,700 children had gone missing in the state in the last three years and of them, 3,400 had been rescued by various agencies. She stated that the government takes care of the rescued children if it is not possible to return them to their relatives.  

3,700 children went missing from Assam, most of them rescued: Minister Ajanta Neog

'Bharat is proud of you': PM Modi tells Indian diaspora in Abu Dhabi

'Bharat is proud of you': PM Modi tells Indian diaspora in Abu Dhabi
Prime Minister Narendra Modi on Tuesday -- while addressing the huge gathering of Indian diaspora at Abu Dhabi’s Zayed sports city stadium -- lauded their contribution in positioning India as a formidable economy and also helping foster friendly ties between the two nations. PM Modi also thanked the UAE government for taking ‘good care of them’. Notably, UAE is home to about 3.5 million Indians and they make up about 35 per cent of the population of the Gulf nation.

'Bharat is proud of you': PM Modi tells Indian diaspora in Abu Dhabi

President Murmu reaches Jaipur on two day visit

President Murmu reaches Jaipur on two day visit
President Droupadi Murmu on Tuesday evening reached Rajasthan. She is on a two day -- February 13 and 14 -- visit to the desert state. The President reached Jaipur by a special plane from Surat and was warmly received at Sanganer Airport by the Chief Minister Bhajan Lal Sharma.

President Murmu reaches Jaipur on two day visit

PM Modi to strengthen 'deep connect' with diaspora: Foreign Secy

PM Modi to strengthen 'deep connect' with diaspora: Foreign Secy
As art of his two-nation tour to the UAE and Qatar beginning Tuesday, Prime Minister Narendra Modi will strengthen India's 'deep connect' with its diaspora in both countries. Roughly 840,000 Indians reside in Qatar, and at 3.5 million, the community forms the largest expatriate group in the UAE, forming an 'important connect' between the host and mother countries.

PM Modi to strengthen 'deep connect' with diaspora: Foreign Secy

Excise policy case: Delhi court grants 3-day interim bail to Sisodia to attend kin's wedding

Excise policy case: Delhi court grants 3-day interim bail to Sisodia to attend kin's wedding
A Delhi court on Monday granted three-day interim bail to former Delhi Deputy Chief Minister Manish Sisodia, arrested in the excise policy case, to attend his niece's wedding. Special judge M.K. Nagpal of the Rouse Avenue Court, who is hearing the case, allowed Sisodia's application seeking the relief and granted him interim bail from February 13 to 15.

Excise policy case: Delhi court grants 3-day interim bail to Sisodia to attend kin's wedding