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

Indians pushed out of trains, bunkers in Ukraine: K'taka student appeals for help

Indians pushed out of trains, bunkers in Ukraine: K'taka student appeals for help
 "Indian students are being pushed out of trains, they are not allowed to board, if questioned they are being assaulted and guns are being pointed at them,". There are many incidents where Indians were asked to leave bunkers. Ukraninans are telling Indian students that India is not supporting them and why should they help them?

Indians pushed out of trains, bunkers in Ukraine: K'taka student appeals for help

PM Modi speaks to President Putin on safe passage of Indians

PM Modi speaks to President Putin on safe passage of Indians
The two leaders reviewed the situation, especially in the city of Kharkiv where many Indian students are stuck, and discussed the safe evacuation of Indian nationals from the conflict areas, an MEA statement said.

PM Modi speaks to President Putin on safe passage of Indians

Parents of students stranded in Ukraine stage protest in J&K

Parents of students stranded in Ukraine stage protest in J&K
Officials said the administration was in touch with the families of 32 students belonging to the Jammu division who are stranded in Ukraine. Officials said nine evacuation flights have so far brought back around 2,000 Indians stranded in Ukraine since February 26.

Parents of students stranded in Ukraine stage protest in J&K

Sukhbir blames Kejriwal for blocking release of Bhullar

Sukhbir blames Kejriwal for blocking release of Bhullar
Bhullar was convicted and sentenced to death in 2011 in the 1993 Delhi bomb blasts case. In March 2014, however, the Supreme Court commuted his death sentence to life imprisonment owing to his ill health.

Sukhbir blames Kejriwal for blocking release of Bhullar

50 of over 230 students from NE in Ukraine back home

50 of over 230 students from NE in Ukraine back home
An official in Guwahati said that the Assam government so far prepared a list of 160 such students and the process of evacuating them has been going on in coordination with the External Affairs Ministry.

50 of over 230 students from NE in Ukraine back home

Over 4K Indian students to be evacuated from Romania: Scindia

Over 4K Indian students to be evacuated from Romania: Scindia
Addressing a virtual press conference from Romania, he said that over 4,000 students will be evacuated in the next three days. He said that six flights were operated from Bucharest to India on Wednesday.

Over 4K Indian students to be evacuated from Romania: Scindia