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

SC judge recuses from hearing Punjab govt plea against bail to Majithia

SC judge recuses from hearing Punjab govt plea against bail to Majithia
Majithia, the brother-in-law of SAD President Sukhbir Singh Badal and brother of former Union minister Harsimrat Kaur Badal, had been lodged in the Patiala jail on February 24 last year. The Punjab government, represented by senior advocate Shyam Divan, moved the apex court challenging the Punjab and Haryana High Court order dated August 10, 2022.

SC judge recuses from hearing Punjab govt plea against bail to Majithia

Plastic bags found inside body of Delhi girl, says family

Plastic bags found inside body of Delhi girl, says family
Family members of a 15-year-old girl, who died two days after getting operated at a Delhi hospital, have alleged that her organs had been removed by hospital authorities. The family alleged that after an operation of appendicitis at a hospital, in which she died, plastic bags, used for collecting urine, were found in her stomach area.

Plastic bags found inside body of Delhi girl, says family

Journalist Angad Singh blacklisted, Centre tells Delhi HC

Journalist Angad Singh blacklisted, Centre tells Delhi HC
Appearing for the Centre, advocate Anurag Ahluwalia told the court that as Singh has violated Section 11A of the Foreigners Order, 1948, which prohibits a foreigner from producing any picture, film or documentary without permission in writing from the Centre, he is a blacklisted subject.

Journalist Angad Singh blacklisted, Centre tells Delhi HC

AI urination case: Delhi court adjourns hearing in Shankar Mishra's bail plea

AI urination case: Delhi court adjourns hearing in Shankar Mishra's bail plea
On January 13, Mishra told the court that he was not the accused. "There must be someone else who peed or it must be her who urinated," he had said. He further claimed that the woman was suffering from some prostate-related disease.

AI urination case: Delhi court adjourns hearing in Shankar Mishra's bail plea

Students are taking my test and I enjoy it: PM Modi

Students are taking my test and I enjoy it: PM Modi
Modi said that it was perhaps the first time where Pariksha Pe Charcha was being held in such cold weather, since it is usually held in February. The PM said that the students can learn time management by observing the working style of their mothers and advised them to utilise their time properly for studies.

Students are taking my test and I enjoy it: PM Modi

India could emerge as major power next year

India could emerge as major power next year
It has one of the fastest-growing major economies -- certainly among comparably developed and similarly sized economies. It must now be included with nations that influence the global system, the report said.

India could emerge as major power next year