Close X
Sunday, October 27, 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

Sukhbir Badal files defamation suit against Punjab CM

Sukhbir Badal files defamation suit against Punjab CM
Shiromani Akali Dal (SAD) President Sukhbir Badal on Thursday filed a defamation suit seeking Rs 1 crore damages from Punjab Chief Minister Bhagwant Mann for willful defamation as part of an Aam Aadmi Party (AAP) conspiracy against the Badal family as well as the party. The SAD President filed a civil suit in this regard in the court of the Civil Judge in Muktsar through this advocate and also submitted court fee of Rs 2.29 lakh.

Sukhbir Badal files defamation suit against Punjab CM

Delhi Police nabs accused in cold murder case from Goa after an over year-long pursuit

Delhi Police nabs accused in cold murder case from Goa after an over year-long pursuit
Delhi Police's Crime Branch has arrested a 26-year-old man from Goa for allegedly killing his friend over one-and-a-half years ago in the national capital, an official said on Thursday. The accused identified as Ankit Verma a.k.a Alok Verma, a resident of Uttar Pradesh's Jalaun, was also carrying a reward of Rs 50,000 on information leading to his arrest.  

Delhi Police nabs accused in cold murder case from Goa after an over year-long pursuit

Ram temple gets its first 'gold' door ahead of Jan 22 inauguration

Ram temple gets its first 'gold' door ahead of Jan 22 inauguration
The first golden door has been installed at the Ram Temple in Ayodhya, temple officials said. The door, which is 12-feet high and eight-feet wide, has been installed on the upper floor of the sanctum sanctorum.

Ram temple gets its first 'gold' door ahead of Jan 22 inauguration

At Vibrant Gujarat Summit, US Consul General advocates for deeper US-India ties

At Vibrant Gujarat Summit, US Consul General advocates for deeper US-India ties
US Consul General in Mumbai Mike Hankey on Wednesday highlighted shared values between India and Washington and said that the partmership between the two countries is one of the most consequential in the world today. Addressing a seminar titled 'Shaping the Future: The Evolving India-US Bilateral Relationship' at 10th edition of the Vibrant Gujarat Global Summit 2024 at Mahatma Mandir.

At Vibrant Gujarat Summit, US Consul General advocates for deeper US-India ties

Rupee rises for 6th day in a row

Rupee rises for 6th day in a row
The Indian rupee recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in. The rupee settled at 83.0350 vis-a-vis the U.S. dollar, its highest closing level since December 15 up from 83.1150 in the previous session. The Indian currency opened lower and fell to an intraday low of 83.18 earlier in the day, before rising again to an over three-week high of 82.98 in the session.

Rupee rises for 6th day in a row

India to become world’s 3rd largest economy by 2027-28: Sitharaman

India to become world’s 3rd largest economy by 2027-28: Sitharaman
India will become the world’s third-largest economy by 2027-28, with its GDP surpassing $5 trillion during that period, Finance Minister Nirmala Sitharaman said on Wednesday at the Vibrant Gujarat Global Summit. The estimate that India will be at least a $30 trillion economy by 2047 is a conservative estimate, the Finance Minister said.  

India to become world’s 3rd largest economy by 2027-28: Sitharaman