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

Punjab leads in 532.86 LMT paddy procured in KMS 2021-22

Punjab leads in 532.86 LMT paddy procured in KMS 2021-22
The highest quantity has been procured from Punjab (1,86,85,53 MT) followed by Chhattisgarh (67,65,986 MT) and Telangana (65,54,739 MT) while the highest number of farmers benefitted in are Chhattisgarh (16,90,459), Telangana (9,67,134) and Punjab (9,24,299).

Punjab leads in 532.86 LMT paddy procured in KMS 2021-22

Amarinder's Punjab Lok Congress gets 'hockey stick & ball' as party symbol

Amarinder's Punjab Lok Congress gets 'hockey stick & ball' as party symbol
Hockey is one of the most popular sports in Punjab and many players from the state have been integral parts of the national team. The 117-member Punjab Assembly will go to the polls on February 14, while the counting of votes will be taken up on March 10.

Amarinder's Punjab Lok Congress gets 'hockey stick & ball' as party symbol

PM security breach: SC directs Punjab HC Registrar General to preserve all records

PM security breach: SC directs Punjab HC Registrar General to preserve all records
The Supreme Court on Friday directed the Registrar General of Punjab and Haryana High Court to secure and preserve all records in connection with Prime Minister Narendra Modi's visit to Punjab, and also asked the state and Central committees to refrain from conducting inquiries till Monday, when it will take up the matter again.

PM security breach: SC directs Punjab HC Registrar General to preserve all records

All int'l travellers to go for 7-day home quarantine on arrival in India

All int'l travellers to go for 7-day home quarantine on arrival in India
India on Friday revised the existing guidelines for all international arrivals in India in view of the rising Covid cases and the Omicron threat, to make seven days home quarantine mandatory. The new guidelines will be effective from January 11 till further notice.

All int'l travellers to go for 7-day home quarantine on arrival in India

Punjab CM, his deputy & Sidhu acting like a 'confused lot': Amarinder

Punjab CM, his deputy & Sidhu acting like a 'confused lot': Amarinder
On Wednesday, the Prime Minister's rally in Ferozepur had to be cancelled due to a security lapse after some protesters blocked a route and forced his convoy to spend about 20 minutes on a flyover. The Prime Minister was enroute the National Martyrs Memorial at Hussainiwala when the incident happened.

Punjab CM, his deputy & Sidhu acting like a 'confused lot': Amarinder

What happened in Punjab is case of criminal conspiracy against PM's security: Naqvi

What happened in Punjab is case of criminal conspiracy against PM's security: Naqvi
On Thursday, senior BJP leaders including chief ministers of the party ruled states offered prayers at temples across the country for the well-being and long life of Prime Minister Modi after his security was breached in Punjab on January 5.

What happened in Punjab is case of criminal conspiracy against PM's security: Naqvi