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

All Indian students stuck in Sumy evacuated, says Govt

All Indian students stuck in Sumy evacuated, says Govt
All Indian students who were stuck in Sumy area of war-torn Ukraine have been successfully airlifted through Operation Ganga, the government said on Monday. Ministry of External Affairs spokesperson Arindam Bagchi said that they had apprehensions but their mission to evacuate Indian students was successful.

All Indian students stuck in Sumy evacuated, says Govt

Women given pivotal role under 'Har Ghar Jal': Water minister Shekhawat

Women given pivotal role under 'Har Ghar Jal': Water minister Shekhawat
The Minister was talking ahead of the session he will be chairing as part of the Regional Conference with Ministers from six states and UT of Andaman & Nicobar Islands to review the progress made under Jal Jeevan Mission and Swachh Bharat Mission-Grameen on Wednesday.

Women given pivotal role under 'Har Ghar Jal': Water minister Shekhawat

Will ensure no fuel shortage in country: Hardeep Singh Puri

Will ensure no fuel shortage in country: Hardeep Singh Puri
The price of crude oil in the international market has reached $117 per barrel. According to experts, if the Russia-Ukraine war continues, then crude oil prices could reach $ 185 per barrel.

Will ensure no fuel shortage in country: Hardeep Singh Puri

Ukraine crisis: 400 Indians to be brought back on Tuesday

Ukraine crisis: 400 Indians to be brought back on Tuesday
"Under 'Operation Ganga' to rescue Indian citizens, 1,314 Indians have been airlifted today by seven special civilian flights from Ukraine's neighbouring countries. With this, more than 17,400 Indians have been brought back since the special flights began on 22nd February, 2022."

Ukraine crisis: 400 Indians to be brought back on Tuesday

Punjab CM Channi meets Amit Shah, discusses Bhakra Beas management

Punjab CM Channi meets Amit Shah, discusses Bhakra Beas management
Channi also said that 997 students from the state were in Ukraine, out of whom 420 have returned, and 200 students have reached Poland and are safe but some of the people are still stuck in Ukraine.

Punjab CM Channi meets Amit Shah, discusses Bhakra Beas management

Cong seen to lose 11% vote share in Punjab, AAP to gain 15% to form govt

Cong seen to lose 11% vote share in Punjab, AAP to gain 15% to form govt
In 2017, the Aam Aadmi Party had got around 23 per cent votes but the projections for this election is 39 per cent, while Congress seems to have lost around 11 per cent votes, against in last election's over 38 per cent now, to around 26 per cent and may see its tally come down from 77 seats to 25 seats.

Cong seen to lose 11% vote share in Punjab, AAP to gain 15% to form govt