Close X
Wednesday, October 30, 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 to host SCO summit on July 4, to be chaired by Modi

India to host SCO summit on July 4, to be chaired by Modi
India has assumed the rotating chairmanship of SCO at the Samarkand Summit on September 16, 2022. According to a statement issued by the ministry of external affairs, all the SCO member states namely China, Russia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan, have been invited to attend the summit.

India to host SCO summit on July 4, to be chaired by Modi

Massive raids on bars, restaurants in Punjab

Massive raids on bars, restaurants in Punjab
During the search, 20 hookahs, seven bottles of beer, various tobacco flavours and charcoal were confiscated. A case has been registered against owners of the restaurant under various provisions of the Punjab Excise Act 1914, the Cigarettes and other Tobacco Products Act 2003, the Poison Act 1919 and Indian Penal Code in Nayagaon.

Massive raids on bars, restaurants in Punjab

No alliance when ideological differences exist, says Sidhu on AAP

No alliance when ideological differences exist, says Sidhu on AAP
Former Punjab Congress chief Navjot Singh Sidhu on Monday said that there cannot be an alliance where there are ideological differences, even as the Punjab leadership met party chief Mallikarjun Kharge here to discuss the support over ordinance to the AAP.  

No alliance when ideological differences exist, says Sidhu on AAP

UP districts fall short of immunisation targets

UP districts fall short of immunisation targets
The state health department has now decided to form district-level committees that shall work upon reasons for poor coverage and get the 'missed out' children vaccinated. Also, methods used by well-performing districts will be used elsewhere.

UP districts fall short of immunisation targets

Man dies after car falls from under-constructed Delhi flyover

Man dies after car falls from under-constructed Delhi flyover
The incident took place May 26 and the deceased was identified as Jagandeep, a resident of Krishna Nagar area. According to the police, information was received that a car had fallen from the flyover. 

Man dies after car falls from under-constructed Delhi flyover

Smartphone retrieval in India drains water reservoir

Smartphone retrieval in India drains water reservoir
A government official in India has been suspended from his job after he ordered a water reservoir to be drained so he could retrieve his smartphone, which he had dropped while taking a selfie. The smartphone was eventually retrieved but wouldn't even start because it was waterlogged.   

Smartphone retrieval in India drains water reservoir