Close X
Wednesday, November 6, 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

Priyanka to take stock of poll debacle in UP

Priyanka to take stock of poll debacle in UP
Amid a call for leadership change in the party, Congress General Secretary in-charge of Uttar Pradesh Priyanka Gandhi Vadra has called a meeting of party leaders on Tuesday to find out the reasons for the defeat. The Congress could only get just over 2 per cent votes and two seats in the Uttar Pradesh polls.

Priyanka to take stock of poll debacle in UP

SC to set up bench to hear plea against bail to Ashish Misra in Lakhimpur Kheri case

SC to set up bench to hear plea against bail to Ashish Misra in Lakhimpur Kheri case
The plea argued that the high court granted bail without considering the heinous nature of the crime and also in the backdrop of overwhelming evidence against the accused in the charge sheet. The plea further argued that there is likelihood of the accused tampering with the witnesses and causing obstruction in justice.

SC to set up bench to hear plea against bail to Ashish Misra in Lakhimpur Kheri case

Ireland, India to collaborate in the field of education

Ireland, India to collaborate in the field of education
Ireland and India will do cross-border collaborations in the field of education. The initiative is to meet the key-drivers of education in India as both the countries are on the same mission to make world-class education accessible to all.

Ireland, India to collaborate in the field of education

Govt looking for alternative market for fuel purchase: Puri

Govt looking for alternative market for fuel purchase: Puri
Responding to a question during 'Question Hour', he said that the government has been exploring all options such as currency to facilitate purchase, supply of oil in markets, insurance and freight.

Govt looking for alternative market for fuel purchase: Puri

40 acres of wheat crop being ploughed for Mann's oath

40 acres of wheat crop being ploughed for Mann's oath
The farmers have been told to plough the standing crop, which is yet to mature, and in lieu they will be paid a compensation of around Rs 46,000 per acre.

40 acres of wheat crop being ploughed for Mann's oath

SKM announces next phase of movement to demand MSP guarantee

SKM announces next phase of movement to demand MSP guarantee
The Samyukt Kisan Morcha has decided to organise a nationwide protest on March 21, regarding the role of the government in the Lakhimpur Kheri incident, and the betrayal of the assurances given to the farmers' movement.

SKM announces next phase of movement to demand MSP guarantee