Close X
Saturday, November 2, 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

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals
The Afghan nationals have been identified as Kabul resident Mustafa and Kandahar resident Rahimulla Rahim. Both the accused have refugee visas. The official said that they were caught on September 3 from Delhi's Kalindi Kunj area following a tip off that they were coming to Delhi by car. Following their interrogation the police conducted a raid at Noida and recovered more heroin and narcotics.

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody
Judge B.K. Komala has given clear directions that accused seer should not be taken to anywhere during police custody, ruling out any possibility of shifting him to Bengaluru hospital.  The police had sought 5 days' custody of the accused seer for investigation. 

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody

Canada, Punjab ties strong and diverse, says Consul General

Canada, Punjab ties strong and diverse, says Consul General
Last week, Chief Minister Bhagwant Mann, while extending a red carpet welcome to industrialists and entrepreneurs to invest in Punjab, said the state would emerge as industrial hub of the country.

Canada, Punjab ties strong and diverse, says Consul General

Akali Dal reserves 50% seats for workers below 50

Akali Dal reserves 50% seats for workers below 50
The SAD chief told the media here that the party would stick to its core principles, including the need for a true federal structure, taking all sections of society and people from all religious faiths with it. He said SAD, the oldest regional party with a 102-year-old track record, would continue to rise to serve the regional aspirations of people of Punjab.

Akali Dal reserves 50% seats for workers below 50

Punjab Police bust inter-state weapon smuggling module

Punjab Police bust inter-state weapon smuggling module
Police have also recovered a cache of 55 pistols of .32 bore and .30 bore from their possession. The accused were apprehended from Madhya Pradesh by the Counter Intelligence unit of Punjab Police with the help of its counterparts in Madhya Pradesh.

Punjab Police bust inter-state weapon smuggling module

K'taka sex scandal case: Accused Lingayat seer finally arrested

K'taka sex scandal case: Accused Lingayat seer finally arrested
Lingayat seer Dr Murugha Shivamurthy Sharanaru, accused of raping minor girls, was finally taken into custody by the Karnataka Police on Thursday night - six days after the FIR against him was lodged. Police sources said the accused seer will be produced before a court on Friday. 

K'taka sex scandal case: Accused Lingayat seer finally arrested