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

Punjab Minister seeks Rs 10 crore ex-gratia for Kolkata victim

Punjab Minister seeks Rs 10 crore ex-gratia for Kolkata victim
Standing firmly with the doctors fraternity agitating against the shocking rape and murder of a trainee doctor in Kolkata, Punjab Health and Family Welfare Minister Balbir Singh on Monday demanded Rs 10 crore ex-gratia from the Centre and the West Bengal government for the parents of the victim, besides seeking speedy justice for the victim and exemplary punishment for culprits.

Punjab Minister seeks Rs 10 crore ex-gratia for Kolkata victim

SpiceJet seeks urgent hearing on plea challenging Delhi HC directive on grounding 3 engines

SpiceJet seeks urgent hearing on plea challenging Delhi HC directive on grounding 3 engines
Low-cost carrier SpiceJet on Friday sought an urgent hearing on its application filed before the Delhi High Court challenging a directive requiring the debt-ridden airline to ground three engines by February 16. On Friday, the matter was mentioned before Acting Chief Justice (ACJ) Manmohan for urgent listing.

SpiceJet seeks urgent hearing on plea challenging Delhi HC directive on grounding 3 engines

Paris Olympics is our turning point, there will only be victory, says PM Modi

Paris Olympics is our turning point, there will only be victory, says PM Modi
Prime Minister Narendra Modi has said that the Paris Olympics will serve as a launch pad for Indian sports to soar and is the turning point. He said this during his interaction with the Indian Paris Olympic contingent at his residence on Independence Day.

Paris Olympics is our turning point, there will only be victory, says PM Modi

Four members of Bhagwanpuria gang held in Punjab

Four members of Bhagwanpuria gang held in Punjab
The accused have been identified as Asrat Kanth, Kamalpreet Singh, Pardeep Kumar and Gurmeet Raj. Police teams have recovered four weapons, comprising one China-made 7.65 mm Glock, two .30 bore pistols and one revolver, besides four cartridges and three magazines.

Four members of Bhagwanpuria gang held in Punjab

India, Japan to hold third '2+2' dialogue on Aug 20

India, Japan to hold third '2+2' dialogue on Aug 20
Defence Minister Rajnath Singh and External Affairs Minister S. Jaishankar will represent India, while Japanese Defence Minister Minoru Kihara and Foreign Minister Yoko Kamikawa will attend on behalf of Japan. This meeting follows the previous two rounds held in New Delhi in 2019 and Tokyo in 2022.

India, Japan to hold third '2+2' dialogue on Aug 20

Mamata threatens to protest in Delhi if CBI fails to crack RG Kar case by Aug 18

Mamata threatens to protest in Delhi if CBI fails to crack RG Kar case by Aug 18
West Bengal Chief Minister Mamata Banerjee on Friday set a deadline till August 18 for the Central Bureau of Investigation (CBI) to complete its investigation into the rape and murder of a junior doctor at the R.G. Kar Medical College and Hospital in Kolkata last week. The Chief Minister also said that if the CBI fails to meet the deadline, Trinamool Congress will stage protests in the national capital on this issue.

Mamata threatens to protest in Delhi if CBI fails to crack RG Kar case by Aug 18