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

Bihar Police arrest three accused in Dalit girl gang rape case

Bihar Police arrest three accused in Dalit girl gang rape case
Bihar Police in Muzaffarpur have arrested three more accused, including the primary suspect Sanjay Rai in connection with the gang rape and murder of a minor Dalit girl. The district police had filed a First Information Report (FIR) against six individuals based on a complaint filed by the victim’s mother at the Paroo police station of the district.

Bihar Police arrest three accused in Dalit girl gang rape case

Padma-awardee doctors seek PM's intervention in RG Kar case

Padma-awardee doctors seek PM's intervention in RG Kar case
Over 70 Padma-awardee doctors on Sunday wrote to Prime Minister Narendra Modi seeking his personal intervention in the case connected to the rape and murder of a junior doctor at the R.G. Kar Medical College and Hospital in Kolkata last week, triggering nationwide protests by the medical fraternity.

Padma-awardee doctors seek PM's intervention in RG Kar case

Kolkata doctor rape-murder case: CBI sleuths grill Sandip Ghosh for 4th consecutive day

Kolkata doctor rape-murder case: CBI sleuths grill Sandip Ghosh for 4th consecutive day
Former principal of state-run R.G. Kar Medical College & Hospital Dr Sandip Ghosh, on Monday, appeared at the Central Bureau of Investigation (CBI)'s Salt Lake office on the outskirts of Kolkata in the ghastly rape and murder of a woman doctor on the hospital premises earlier this month. This is the fourth consecutive day that Ghosh has appeared for interrogation at the central agency office. He faced marathon questioning for 13 to 14 hours each day since last Friday.

Kolkata doctor rape-murder case: CBI sleuths grill Sandip Ghosh for 4th consecutive day

Prez Murmu calls for women's safety on Raksha Bandhan

Prez Murmu calls for women's safety on Raksha Bandhan
President Droupadi Murmu wished the people on the Raksha Bandhan, and also highlighted the importance of keeping women safe and respecting them. "On the special day of Raksha Bandhan, I send my warm greetings and best wishes to everyone. This festival, which celebrates the love and trust between brothers and sisters, also teaches us to show care and respect to all sisters and daughters.

Prez Murmu calls for women's safety on Raksha Bandhan

FM Sitharaman tells bank chiefs to step up growth rate of deposits

FM Sitharaman tells bank chiefs to step up growth rate of deposits
Finance Minister Nirmala Sitharaman, at a review meeting held on Monday, asked the chiefs of public sector banks to accelerate the growth rate of their deposits to match the quicker pace at which the credit is growing. The growth rate of deposits is 3 to 4 per cent slower than the pace at which credit is growing in recent months which is seen as posing a risk of asset-liability mismatch in the banking system.

FM Sitharaman tells bank chiefs to step up growth rate of deposits

India-Japan partnership promotes peace and stability in Indo-Pacific: PM Modi

India-Japan partnership promotes peace and stability in Indo-Pacific: PM Modi
Prime Minister Narendra Modi on Monday met visiting Japanese Foreign Minister Yoko Kamikawa and Defence Minister Minoru Kihara to take stock of bilateral defence and security ties, while stressing the Indian-Japanese partnership's role in promoting peace and prosperity in the Indo-Pacific region and beyond.

India-Japan partnership promotes peace and stability in Indo-Pacific: PM Modi