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

'It might take 5 yrs to complete trial', judge tells SC in Lakhimpur Kheri case

'It might take 5 yrs to complete trial', judge tells SC in Lakhimpur Kheri case
The top court was hearing a bail plea filed by Ashish Mishra. During the hearing, the top court asked the Uttar Pradesh government counsel to confirm whether four accused in a separate case lodged over the killing of three occupants of the car, which allegedly mowed down farmers, are still in custody. The bench scheduled the matter for further hearing on January 19.

'It might take 5 yrs to complete trial', judge tells SC in Lakhimpur Kheri case

Punjab CM says stadium, road to be named after braveheart constable

Punjab CM says stadium, road to be named after braveheart constable
The Chief Minister, who visited the house of the martyr at his native village in Gurdaspur district, handed over a cheque for Rs 2 crore, including Rs 1 crore ex gratia by state government and Rs 1 crore of life insurance by HDFC Bank, to the distressed family as a mark of respect for his supreme sacrifice for the country.

Punjab CM says stadium, road to be named after braveheart constable

Man held with over Rs 57 lakh in J&K's Kupwara

Man held with over Rs 57 lakh in J&K's Kupwara
Kashmir police tweeted: "During Naka checking at Braripora Handwara, Police apprehended one Syed Irfan Abdullah resident of Laribal, Handwara and recovered cash amounting to Rs 57.43 lakhs concealed in a geyser.

Man held with over Rs 57 lakh in J&K's Kupwara

Air India 'pee gate': 'Unzipping wasn't for sexual desire', accused tells court

Air India 'pee gate': 'Unzipping wasn't for sexual desire', accused tells court
Shankar Mishra, who is accused of urinating on an elderly female co-passenger in a drunken state on a New York-New Delhi Air India flight in November last year, told a Delhi court on Wednesday through his lawyer that 'unzipping' his pants was not for the purpose of 'sexual desire', and hence he cannot be considered as a 'lustful' man.

Air India 'pee gate': 'Unzipping wasn't for sexual desire', accused tells court

Delhi court extends Aaftab's judicial custody by 14 days

Delhi court extends Aaftab's judicial custody by 14 days
On January 6, Poonawala moved an application in the court seeking release of his debit and credit cards, citing need for funds to purchase day-to-day items, as well as warm clothes. Shukla had extended his judicial custody for four more days and ordered to physically produce him in the court on January 10.

Delhi court extends Aaftab's judicial custody by 14 days

Gujarat police searching for robbers who stole Rs 1 crore worth gadgets from moving truck

Gujarat police searching for robbers who stole Rs 1 crore worth gadgets from moving truck
Next day after all the parcels were counted, they realised that from a total 719 parcels, 667 parcels were intact. The robbers had stolen items from 52 parcels, like laptops, tablets, 259 mobile phones, headphones, wrist watches and print rolls worth Rs one crore.

Gujarat police searching for robbers who stole Rs 1 crore worth gadgets from moving truck