Close X
Monday, October 28, 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

Niramala Sitharaman to attend World Bank-IMF, G20 meetings in Morocco

Niramala Sitharaman to attend World Bank-IMF, G20 meetings in Morocco
Finance Minister Nirmala Sitharaman will leave on October 10 for an official visit to attend the annual meetings of the World Bank Group and the International Monetary Fund (IMF), along with G20 meetings at Marrakech in Morocco. During the visit, the Finance Minister will also hold bilateral meetings with Indonesia, Morocco, Brazil, Switzerland, Germany and France, besides other associated meetings, scheduled to take place from October 11-15 in Marrakech.

Niramala Sitharaman to attend World Bank-IMF, G20 meetings in Morocco

BSP fields five more candidates in Rajasthan

BSP fields five more candidates in Rajasthan
The BSP in Rajasthan came out with a list of five more candidates for the forthcoming Assembly polls on Monday, a few hours after the Election Commission announced dates for elections in five states and the BJP announced its first list of 41 seats. BSP officials, this time, are being extra cautious as its six MLAs became turncoats and joined the Congress soon after winning in the past.

BSP fields five more candidates in Rajasthan

Sikkim Floods: Army undertakes massive operation to reconnect isolated villages

Sikkim Floods: Army undertakes massive operation to reconnect isolated villages
In Sikkim, troops of Trishakti Corps of the Indian Army are undertaking operations at a massive scale to reconnect villages cut off post the flash floods on the night of October 3-4. An Army official said that the focus of the operations are on restoring connectivity to North Sikkim through Chungthang, which was the worst affected during the devastating floods. 

Sikkim Floods: Army undertakes massive operation to reconnect isolated villages

Four killed in pharmaceutical factory blaze in Amritsar

Four killed in pharmaceutical factory blaze in Amritsar
At least four people, mostly labourers, were killed and 30 injured after a fire broke out at a pharmaceutical factory in Punjab’s Amritsar in the early hours of Friday, officials said. The fire-affected residents were rushed to a nearby trauma centre, an official said.  

Four killed in pharmaceutical factory blaze in Amritsar

Web series-inspired interstate fake currency cartel busted in Delhi

Web series-inspired interstate fake currency cartel busted in Delhi
An interstate cartel that dealt with Fake Indian Currency Notes (FICN) taking inspiration from the webseries 'Farzi' starring Shahid Kapoor, was busted by the Delhi Police’s Crime Branch on Friday, which also arrested its five members. The arrested were identified as Sakoor Mohammad (25), who was the kingpin of the cartel, Lokesh Yadav (28), Himanshu Jain (47), Shiv Lal (30) and Sanjay Godara (22), all residents of Rajasthan.

Web series-inspired interstate fake currency cartel busted in Delhi

Liquor scam case: Sanjay Singh's alleged close associate Sarvesh Mishra appears before ED

Liquor scam case: Sanjay Singh's alleged close associate Sarvesh Mishra appears before ED
Sarvesh Mishra, an alleged close associate of arrested AAP Rajya Sabha MP Sanjay Singh, on Friday appeared before the Enforcement Directorate (ED) here for questioning in connection with the alleged liquor scam case. Mishra arrived at the ED headquarters around 11.40 a.m. and went inside, saying that "the truth will win".  

Liquor scam case: Sanjay Singh's alleged close associate Sarvesh Mishra appears before ED