Close X
Thursday, November 7, 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

BJP-led alliance promises to waive debt of Punjab farmers

BJP-led alliance promises to waive debt of Punjab farmers
Punjab BJP chief Ashwani Sharma said the alliance government will set up a special task force to probe the sacrilege incidents and fast-track courts to try such cases.

BJP-led alliance promises to waive debt of Punjab farmers

Punjab CM's nephew sent to ED custody till Feb 8

Punjab CM's nephew sent to ED custody till Feb 8
The ED on late Thursday arrested him after over eight hours of questioning. He was summoned for the second time. Honey was earlier summoned by the ED to join the investigation on January 23, but he skipped the first summon on health issues and did not join the investigation.

Punjab CM's nephew sent to ED custody till Feb 8

Rap singer Moosewala tries to step foot in Punjab politics

Rap singer Moosewala tries to step foot in Punjab politics
Leaving behind his celebrated tag of a top Punjabi rap singer with fans across the globe, singer-turned-actor-politician Sidhu Moosewala, who was booked for allegedly promoting gun culture and violence, takes pride in crediting his mother Charan Kaur, sarpanch of his native Moosa village, for making his electoral debut as a Congress candidate from Mansa for the February 20 Assembly polls.

Rap singer Moosewala tries to step foot in Punjab politics

Rahul may announce Punjab CM's face on Feb 6

Rahul may announce Punjab CM's face on Feb 6
With his assurance a power struggle is on between party state President Navjot Sidhu and Charanjit Singh Channi, the first Dalit Chief Minister of a state that is home to 32 per cent Scheduled Caste population, the country's largest, to be the chief ministerial candidate.

Rahul may announce Punjab CM's face on Feb 6

Two girls, woman held with drugs worth Rs 12 Cr in Delhi

Two girls, woman held with drugs worth Rs 12 Cr in Delhi
On checking their purses, polythenes containing off-white substance weighing 400 gms was recovered from the possession of Shivani, 424 gms was recovered from Kiran and polythene containing white substance weighing 439 gms was found with Preeti, said the police.

Two girls, woman held with drugs worth Rs 12 Cr in Delhi

Captain Amarinder Singh can still surprise everyone

Captain Amarinder Singh can still surprise everyone
As a part of the tracker, a snap poll simply asked the respondents across all 117 seats in Punjab, if they feel that PLC-BJP-SADs alliance candidate is in "serious contest" in their own area. The results show that every third voter in Punjab believes that Captain is still very much in serious contest along with his new alliance partners.

Captain Amarinder Singh can still surprise everyone