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

Channi's chopper not allowed to take off due to PM's visit

Channi's chopper not allowed to take off due to PM's visit
 In the run-up to the February 20 Assembly elections in Punjab, Chief Minister Charanjit Singh Channi's chopper was not allowed to take off from Chandigarh on Monday owing to Prime Minister Narendra Modi's movement in the state.

Channi's chopper not allowed to take off due to PM's visit

Four dead in Delhi building collapse

Four dead in Delhi building collapse
The deceased were identified as Rukaiya Khatoon, Shahzaad, Afreen and Danish, all residents of J.J. Colony while two women -- identified as Fatima and Shahnaaz, were rescued and sent to the hospital. "Both of them are out of danger," a police official said.

Four dead in Delhi building collapse

Bhupinder Singh Honey sent to 14-day judicial custody

Bhupinder Singh Honey sent to 14-day judicial custody
Honey was presented at the court after his Enforcement Directorate (ED) custody expired on Friday. Earlier, on two occasions, the court had granted ED the custody of Honey.

Bhupinder Singh Honey sent to 14-day judicial custody

WWE wrestler 'The Great Khali' joins BJP

WWE wrestler 'The Great Khali' joins BJP
Wrestler Dalip Singh Rana, 'the Great Khali', on Thursday joined BJP. Khali has joined the BJP in presence of Union Minister Jitendra Singh and party national general secretary Arun Singh and Member of Parliament Sunita Duggal at party national headquarters.

WWE wrestler 'The Great Khali' joins BJP

Punjab Sikh creating waves in Coimbatore urban elections

Punjab Sikh creating waves in Coimbatore urban elections
Anand Singh is a businessman living in RS Puram of Coimbatore and now he has hit the headlines after filing his nomination papers as an independent candidate from ward no 71 for the Urban local body elections in Coimbatore.

Punjab Sikh creating waves in Coimbatore urban elections

Will not retire till Punjab rid of corrupt politicians: Amarinder

Will not retire till Punjab rid of corrupt politicians: Amarinder
The former Chief Minister expressed surprise at his former party, the Congress, fielding all MLAs involved with the sand mining mafia as candidates in these Assembly polls and termed it a clear endorsement of widespread corruption in the party.

Will not retire till Punjab rid of corrupt politicians: Amarinder