Close X
Friday, November 1, 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

DGCA begins probe into Kedarnath chopper crash, death toll rises to 7

DGCA begins probe into Kedarnath chopper crash, death toll rises to 7
Aviation regulator DGCA has launched a probe into the Kedarnath helicopter crash in which seven people, including the pilot, were killed on Tuesday.  The helicopter, carrying pilgrims, crashed after takeoff from the Kedarnath shrine near Garud Chatti in Rudraprayag at around 11.40 a.m.

DGCA begins probe into Kedarnath chopper crash, death toll rises to 7

Bilkis Bano case convicts release with eye on elections: Congress

Bilkis Bano case convicts release with eye on elections: Congress
Addressing a press conference, Congress spokesperson Abhishek Manu Singhvi said that the Gujarat government affidavit "proves beyond a shadow of doubt that the release was a political decision made with not just the knowledge but the concurrence of those in the highest echelons of power in the Modi government".

Bilkis Bano case convicts release with eye on elections: Congress

Delhi to get 100 electric vehicle charging stations in two months: Kejriwal

Delhi to get 100 electric vehicle charging stations in two months: Kejriwal
Delhi Chief Minister Arvind Kejriwal on Tuesday said that the national capital would get 100 electric vehicle charging stations in two months.  The Chief Minister inaugurated 11 high-tech low-cost electric charging stations to promote the adoption of Electric Vehicles (EVs) in the state. 

Delhi to get 100 electric vehicle charging stations in two months: Kejriwal

Drugs valued at Rs 31cr seized in Mizoram; 1 held

Drugs valued at Rs 31cr seized in Mizoram; 1 held
Since Saturday, the Assam Rifles and Mizoram Police personnel have seized foreign cigarettes valued at Rs 2.72 crore, drugs valued at Rs 34.18 crore and rescued 140 exotic animals and arrested four persons in this connection. 

Drugs valued at Rs 31cr seized in Mizoram; 1 held

Delhi police nab swindler for duping people of Rs 8 crore

Delhi police nab swindler for duping people of Rs 8 crore
The Economic Offences Wing (EOW) of Delhi Police has arrested a swindler who cheated people to the tune of Rs 8 crore in lieu of making business associates in an 'air cargo company'. The accused has been identified as Balakrishnan Shivram Iyer, a resident of Puri Emerald Apartment, a luxury residential society in Gurugram.

Delhi police nab swindler for duping people of Rs 8 crore

Vaishali Takkar was set to marry US-based techie in December

Vaishali Takkar was set to marry US-based techie in December
Television actress Vaishali Takkar, who died by suicide at her residence in Indore on Sunday, was about to marry a US-based software engineering in December.  She had also made elaborate plans for the wedding shopping and hosting a party after the Diwali. However, Vaishali took the extreme step on Sunday after she was reportedly harassed by her neighbour, who is currently on the loose.

Vaishali Takkar was set to marry US-based techie in December