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

132-kg cake to kick-start Ambedkar's birthday celebrations in Mumbai

132-kg cake to kick-start Ambedkar's birthday celebrations in Mumbai
Mumbai's famed Merwans Confectioners will bake the 10 feet X 5 feet and 4-inch tall popular 'Lemon Crackle' cake, with dollops of cream and a special design in icing which will be cut to the accompaniment of a fireworks display and a shower of flowers from the air, said Nikhil Raut, who has designed the cake.

132-kg cake to kick-start Ambedkar's birthday celebrations in Mumbai

Netherlands firm keen to invest in Punjab's clean energy

Netherlands firm keen to invest in Punjab's clean energy
Asia's largest paddy straw and other agro-residue based CBG project of the total capacity of 33.23 ton CBG daily has been operationalised in Sangrur district and 42 additional CBG plants have been allotted by Punjab Energy Development Agency (PEDA).

Netherlands firm keen to invest in Punjab's clean energy

14 criminals held in Delhi

14 criminals held in Delhi
Also, two gamblers -- Ram Balak Mandal and Sanjeev, were arrested. Besides, a woman bootlegger, Sucheta was arrested from whose possession the police recovered illicit liquor.

14 criminals held in Delhi

Be your own role model, Punjab CM asks youth

Be your own role model, Punjab CM asks youth
Mann pledged to provide a holistic environment for utilising the innovative ideas of youngsters for the growth and prosperity of state. "My target is to ensure that the youth of Punjab are not branded as aimless. I want you to be your own role model, therefore, no one else can take advantage of your abilities and potential."

Be your own role model, Punjab CM asks youth

Cocaine worth Rs 20 cr seized in Mumbai, 3 held

Cocaine worth Rs 20 cr seized in Mumbai, 3 held
The official said that further to identify other members of the drug syndicate, the officers laid a trap and apprehended the recipient of the said contraband drugs. The recipient came from Hyderabad to Mumbai to collect the drugs. This person was further supposed to deliver the drugs to an African person in Navi Mumbai.

Cocaine worth Rs 20 cr seized in Mumbai, 3 held

Drug traffickers won't be spared: Punjab CM

Drug traffickers won't be spared: Punjab CM
In a statement here, the Chief Minister said the drug trade which had flourished during the previous Akali-BJP and the Congress regime had ruined the future generations of the state.

Drug traffickers won't be spared: Punjab CM