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

India absent at voting on UNGA resolution on 'better world through sports'

India absent at voting on UNGA resolution on 'better world through sports'
Two days after the Cricket World Cup final, India has absented itself from voting on a General Assembly resolution on sports promoting "understanding among peoples and nations". Being absent during the voting on Tuesday does not amount to a formal abstention as it is not put on record.

India absent at voting on UNGA resolution on 'better world through sports'

Targeted killings in Punjab: Three ISI-controlled module members held

Targeted killings in Punjab: Three ISI-controlled module members held
Those arrested have been identified as Rajbhupinder Singh, alias Bhinda, of Dikh Village in Bathinda, Raman Kumar of Guru Harsahai Village in Fazilka District and Jagjit Singh of Dhilwa Kalan in Kotkapura. Police teams have recovered eight pistols, including three .30 bore pistols and five .32 bore pistols, besides nine magazines and 30 cartridges from their possession.  

Targeted killings in Punjab: Three ISI-controlled module members held

Sukhbir Badal asks Punjab CM to give financial aid to farmers for managing paddy stubble

Sukhbir Badal asks Punjab CM to give financial aid to farmers for managing paddy stubble
Asserting that it was high time that the AAP government in Punjab is held accountable, Badal called for an audit of all infrastructure projects which were on a standstill because the state was not releasing funds for them.  

Sukhbir Badal asks Punjab CM to give financial aid to farmers for managing paddy stubble

UP govt chopper lands in ground during sports event in school

UP govt chopper lands in ground during sports event in school
Screens, flags, canopies and marquees installed for the 139th Junior School Sports Day event were uprooted, parent of one of the children said. "A potential disaster was averted. Swirling dust momentarily blinded around 200 children on the ground," the parent said.  

UP govt chopper lands in ground during sports event in school

CBI busts cyber-crime module; seizes Rs 2.2cr 

CBI busts cyber-crime module; seizes Rs 2.2cr 
The Central Bureau of Investigation (CBI) on Wednesday said that it busted a major module of cyber enabled crimes allegedly coercing foreign nationals for payments, adding it also carried out searches around 24 locations across multiple states in this connection which led to recovery of cash of Rs 2.2 crore.

CBI busts cyber-crime module; seizes Rs 2.2cr 

India deports 7 Bangladeshi nationals through Assam border

India deports 7 Bangladeshi nationals through Assam border
At least seven Bangladeshi nationals, including three minors and two women, were deported back to their country through the India-Bangladesh international border at Assam's Karimganj district, officials said. All of them entered India from a location close to Agartala in Tripura, according to officials with the Border Security Force (BSF), and they were detained in Assam while on the way to Delhi.

India deports 7 Bangladeshi nationals through Assam border