Close X
Thursday, October 31, 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

Delhi reports 300 Covid cases, positivity rate nears 14%

Delhi reports 300 Covid cases, positivity rate nears 14%
Two Covid-19-related deaths have also been reported in the same time span. The positivity rate of the city has risen to 13.79 per cent. The number of active cases stands at 806 out of which 452 patients are being treated in home isolation.

Delhi reports 300 Covid cases, positivity rate nears 14%

38 school girls test Covid positive in UP's Lakhimpur Kheri

38 school girls test Covid positive in UP's Lakhimpur Kheri
Lakhimpur Kheri Chief Medical Officer (CMO), Santosh Gupta, said that one staff member was also found Covid-positive during a contact tracing exercise on Sunday after which the entire campus has been turned into a quarantine centre by the Health department. This is the highest number of new Covid cases reported in a district in a day this year.

38 school girls test Covid positive in UP's Lakhimpur Kheri

BSF recovers 6 kg narcotics dropped by drone in Punjab

BSF recovers 6 kg narcotics dropped by drone in Punjab
During thorough search of the area on Monday, BSF troops recovered six packets, containing 6.27 kg heroin, inside a bag lying in the fields near the village. A motorcycle was also found nearby.

BSF recovers 6 kg narcotics dropped by drone in Punjab

Delhi Police bust Mewat-based gang of sextortionist, 5 held

Delhi Police bust Mewat-based gang of sextortionist, 5 held
According to the police, a 67-year-old man had filed a complaint with the cyber police station in Shahdara district wherein he alleged that on March 18, he had received a WhatsApp video call from an unknown number in which a girl was performing some obscene act.

Delhi Police bust Mewat-based gang of sextortionist, 5 held

2 arrested for murder of Punjab truck driver in Lucknow

2 arrested for murder of Punjab truck driver in Lucknow
The accused -- 19-year-old Rohit Kumar and 26-year-old Kamal -- are residents of Sitapur. During interrogation, Rohit told police that the truck driver Harpinder, 60, originally from Faridkot district, tried to harass him sexually under the influence of alcohol.

2 arrested for murder of Punjab truck driver in Lucknow

Omicron sub-lineage continues to be predominant variant, 349 samples of XBB1.16 detected

Omicron sub-lineage continues to be predominant variant, 349 samples of XBB1.16 detected
XBB 1.16 was first found in January. However, while only two samples were found then, the number rose to 138 in February, and in March till date total 204 samples of this variant have been found through genome sequencing. The highest number of cases of this variant have been found in Maharashtra at 105, followed by Telangana 93, Karnataka 57 and Gujarat 54 as per the data.

Omicron sub-lineage continues to be predominant variant, 349 samples of XBB1.16 detected