Close X
Tuesday, October 29, 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

Fake journalist, policemen held for extorting Rs 50,000 in Gurugram

Fake journalist, policemen held for extorting Rs 50,000 in Gurugram
A team of Gurugram police has arrested a gang of three people for allegedly extorting Rs 50,000 from a person, posing as a fake police officer and fake journalist, police said.  One of the gang members was arrested on June 6, and is identified as Sunil.

Fake journalist, policemen held for extorting Rs 50,000 in Gurugram

List of new Congress state secretaries revoked in Rajasthan

List of new Congress state secretaries revoked in Rajasthan
According to sources, the names of 85 Congress state secretaries were released on May 27, after the approval of the party's Rajasthan in-charge Sukhjinder Singh Randhawa. However, it has now been put on hold till further orders from the All India Congress Committee (AICC).

List of new Congress state secretaries revoked in Rajasthan

Widespread damage and power outages as Cyclone Biparjoy lashes Gujarat

Widespread damage and power outages as Cyclone Biparjoy lashes Gujarat
As the cyclone gradually weakened on its northward trajectory, it had already disrupted everyday life on an unprecedented scale. Uprooted trees, injuries to 23 people, and extensive power failures marked its ferocity as it made landfall on Gujarat's coasts on Thursday evening.

Widespread damage and power outages as Cyclone Biparjoy lashes Gujarat

Punjab CM for inclusion of Mohali in Smart city project

Punjab CM for inclusion of Mohali in Smart city project
The Chief Minister, who called on Puri here, underscored the need to develop Mohali as Smart City. He apprised the Union Minister that Mohali is part of tri-city comprising Chandigarh, Mohali and Panchkula due to which this city holds immense significance.

Punjab CM for inclusion of Mohali in Smart city project

AIIMS Delhi inks MoU with SMSIMSR to jointly work in healthcare education

AIIMS Delhi inks MoU with SMSIMSR to jointly work in healthcare education
The All India Institute of Medical Sciences (AIIMS) Delhi has signed a memorandum of understanding (MoU) with India's first free medical college, Sri Madhusudan Sai Institute of Medical Sciences and Research (SMSIMSR), to jointly work for undergraduate and postgraduate education in healthcare. 

AIIMS Delhi inks MoU with SMSIMSR to jointly work in healthcare education

Cocaine worth Rs 26.5 cr concealed in thermocol balls seized at Delhi airport

Cocaine worth Rs 26.5 cr concealed in thermocol balls seized at Delhi airport
The white-coloured powder inside the thermocol balls tested positive for cocaine in the preliminary test. A total of about 1,922 grams of cocaine, valued at Rs 26.5 crore, has been recovered and seized under the NDPS Act.

Cocaine worth Rs 26.5 cr concealed in thermocol balls seized at Delhi airport