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

Delhi man goes on 'vacation' to Himachal after stealing Rs 20 lakhs, held

Delhi man goes on 'vacation' to Himachal after stealing Rs 20 lakhs, held
The accused, identified as Nikhil Goswami, a resident of Uttar Pradesh's Ghaziabad, before being arrested by the Delhi Police from Ghaziabad, stayed for two days in Manali, Himachal Pradesh in an expensive hotel, where the room rent was Rs 25,000 per day.

Delhi man goes on 'vacation' to Himachal after stealing Rs 20 lakhs, held

'Stay your hand': SC to Maha govt in Param Bir Singh case

'Stay your hand': SC to Maha govt in Param Bir Singh case
A bench of Justices Sanjay Kishan Kaul and M.M. Sundresh expressed concern over the ongoing legal battle between Singh and the Maharashtra government, terming it a "messy state of affairs" and also a "very unfortunate situation".

'Stay your hand': SC to Maha govt in Param Bir Singh case

Drugs smuggling remained unabated during Assembly polls in Punjab

Drugs smuggling remained unabated during Assembly polls in Punjab
The NCB was keeping a close vigil on the drug smuggling cases in all the election-bound states, during which as many as 14 cases related to the seizure of drugs were reported from Punjab, which went to the polls in a single phase on February 20.

Drugs smuggling remained unabated during Assembly polls in Punjab

Death sentence for 38 in 2008 Ahmedabad serial blasts case

Death sentence for 38 in 2008 Ahmedabad serial blasts case
Judge Ambalal R Patel announced a compensation of Rs one lakh for the families of the deceased, Rs 50,000 for the seriously injured and Rs 25,000 for those who suffered minor injuries.

Death sentence for 38 in 2008 Ahmedabad serial blasts case

PM hosting prominent Sikhs will benefit in Punjab polls, feels BJP

PM hosting prominent Sikhs will benefit in Punjab polls, feels BJP
The BJP claimed the Prime Minister hosting the prominent Sikhs will help the party by sending a message to the people of Punjab that he is deeply connected with the community and understands their concerns and issues. Another party leader aware of Punjab politics said that the interaction will help the BJP to dispel the anti-Sikh misconception built around it.

PM hosting prominent Sikhs will benefit in Punjab polls, feels BJP

Channi has no knowledge of Bihar, says Nitish Kumar

Channi has no knowledge of Bihar, says Nitish Kumar
Continuing his attack on Punjab Chief Minister Charanjeet Singh Channi, Bihar CM Nitish Kumar on Friday said that Channi has no knowledge of Bihar. Nitish Kumar claimed that the Congress party gave a chance to a person who has no knowledge of Bihar and Bihari people.

Channi has no knowledge of Bihar, says Nitish Kumar