Close X
Tuesday, November 5, 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

Stop eviction of villagers, SC panel directs Punjab

Stop eviction of villagers, SC panel directs Punjab
Besides, the NCSC also asked the government to stop the eviction drive and maintain status quo. In a complaint to the NCSC, residents of Bhama Kalan village said they have possession of 200 acres in the village since 1947.

Stop eviction of villagers, SC panel directs Punjab

Karti named in FIR, Rs 50 lakh bribe paid to help Chinese nationals: CBI

Karti named in FIR, Rs 50 lakh bribe paid to help Chinese nationals: CBI
Talwandi Sabo Power Limited, a private firm based in Mansa, took the help of a middleman and allegedly paid Rs 50 lakh to get the visa issued for the Chinese nationals which would help it in completing a project before the deadline, according to the CBI.

Karti named in FIR, Rs 50 lakh bribe paid to help Chinese nationals: CBI

Amarinder reminds AAP of opposing extension of BSF jurisdiction

Amarinder reminds AAP of opposing extension of BSF jurisdiction
The former Chief Minister hoped the state government, instead of adopting a confrontationist attitude, will co-operate and co-ordinate with the Central government to handle all the security and other issues Punjab is challenged with.

Amarinder reminds AAP of opposing extension of BSF jurisdiction

After Delhi, Punjab farmers gather on Chandigarh borders over demands

After Delhi, Punjab farmers gather on Chandigarh borders over demands
As the year-long protest against the Centre's farm laws at the Delhi borders ended in November last year with the revoking of the three Central farm laws, hundreds of Punjab farmers on Tuesday gathered on the outskirts of the state capital demanding compensation of Rs 500 per quintal for those who suffered losses due to early onset of early summer.

After Delhi, Punjab farmers gather on Chandigarh borders over demands

Gujarat ATS arrests four men wanted in 1993 Bombay serial blasts case

Gujarat ATS arrests four men wanted in 1993 Bombay serial blasts case
Based on a specific information about the presence of four suspicious persons in Ahmedabad, a team was formed under Deputy Superintendent of Police, Kanubhai Patel, which detained the four persons from the Sardarnagar area on the evening of May 12.

Gujarat ATS arrests four men wanted in 1993 Bombay serial blasts case

Sextortion gang impersonating as cops busted, one held

Sextortion gang impersonating as cops busted, one held
Furnishing details, Deputy Commissioner of Police (north), Sagar Singh Kalsi, said some complaints were received on the MHA's Cyber Crime Portal regarding extortion by fake Crime Branch and YouTube officials on the pretext of lodging police complaints over obscene videos of victims and uploading of the same on YouTube.

Sextortion gang impersonating as cops busted, one held