Close X
Thursday, October 24, 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

AIIMS Delhi issues protocol for handling patients with suspected monkeypox

AIIMS Delhi issues protocol for handling patients with suspected monkeypox
There is currently no reported case of mpox in India, and the government is continuously monitoring situation. The infectious disease has spread to several countries, including those with no previous exposure. AIIMS Delhi said the protocol outlines the necessary steps to handle monkeypox cases at its emergency department.

AIIMS Delhi issues protocol for handling patients with suspected monkeypox

Ahmedabad Crime Branch nabs fugitive in fake currency robbery case

Ahmedabad Crime Branch nabs fugitive in fake currency robbery case
The Ahmedabad City Crime Branch has successfully apprehended a fugitive who had been evading arrest for over two-and-a-half years in connection with a robbery case involving fake currency notes. The suspect, identified as Jamadpar Singh, aged 28, was involved in a daring heist on February 2, 2022, in the Angadi area.

Ahmedabad Crime Branch nabs fugitive in fake currency robbery case

Kolkata hospital horror: Delhi HC Bar Association members to wear white ribbon band as mark of protest

Kolkata hospital horror: Delhi HC Bar Association members to wear white ribbon band as mark of protest
The Executive Committee of the Delhi High Court Bar Association on Tuesday convened an emergent meeting and condemned the "barbaric and brutal incident of rape and murder of an innocent and young postgraduate trainee doctor while on duty at the state-run R.G. Kar Medical College and Hospital in state of West Bengal".

Kolkata hospital horror: Delhi HC Bar Association members to wear white ribbon band as mark of protest

Arvind Kejriwal's judicial custody extended till Aug 27 in excise policy case

Arvind Kejriwal's judicial custody extended till Aug 27 in excise policy case
A court here on Tuesday extended the judicial custody of Delhi Chief Minister Arvind Kejriwal till August 27 in connection with the alleged excise policy scam. Kejriwal was produced before Special Judge Kaveri Baweja of the Rouse Avenue Court through video conferencing from Tihar Jail upon the expiry of his previously granted custody.

Arvind Kejriwal's judicial custody extended till Aug 27 in excise policy case

Embracing tradition & optimism: PM Modi's blueprint for India's future

Embracing tradition & optimism: PM Modi's blueprint for India's future
Prime Minister Narendra Modi has consistently demonstrated visionary leadership throughout his career. From his early days as a young leader and RSS worker to his tenure as Gujarat Chief Minister and now as Prime Minister, he has consistently emphasised the importance of adhering to traditions while maintaining optimism about the future. His enduring belief in these values is seen as a key driver of India’s growth-oriented trajectory in the 21st century.

Embracing tradition & optimism: PM Modi's blueprint for India's future

Educational institutions to remain shut in parts of Rajasthan on Aug 21

Educational institutions to remain shut in parts of Rajasthan on Aug 21
All the educational institutions will remain closed in seven districts of Rajasthan on August 21 in the wake of the Bharat Bandh call given by the Aarakshan Bachao Sangharsh Samiti. The shutdown will be witnessed in the districts of Jaipur, Alwar, Dausa, Sawai Madhopur, Deeg, Jaisalmer and Bharatpur.

Educational institutions to remain shut in parts of Rajasthan on Aug 21