Close X
Friday, November 8, 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

Kejriwal indulges in blame game on pollution: Punjab Minister

Kejriwal indulges in blame game on pollution: Punjab Minister
Gurkirat Singh, who was the chief guest at Punjab Day Function held during the ongoing India International Trade Fair 2021 at Pragati Maidan, also urged the Central government for reopening of Kartarpur Corridor, which has been closed since March 2020 due to Covid-19 pandemic.

Kejriwal indulges in blame game on pollution: Punjab Minister

Punjab waives income limit on pension of Olympians

Punjab waives income limit on pension of Olympians
Acceding to a long-pending demand of former Olympians, Punjab Sports and Youth Affairs Minister Pargat Singh on Monday announced to waive the condition of income limit on pension of medal winner international players.

Punjab waives income limit on pension of Olympians

52.1% in Punjab feel Amarinder's new party will hurt Congress

52.1% in Punjab feel Amarinder's new party will hurt Congress
 Out of the total surveyed people in Punjab, 52.1 per cent think that the new party of ex-Chief Minister Amarinder Singh will hurt the Congress, as per the ABP-CVoter-IANS 5-State Snap Poll.

52.1% in Punjab feel Amarinder's new party will hurt Congress

R-Day violence: Delhi HC junks plea seeking punishment for police officials

R-Day violence: Delhi HC junks plea seeking punishment for police officials
The Delhi High Court on Friday dismissed a petition seeking removal of the then Delhi Police Commissioner S N Srivastava from his post and punishment for police officials who allegedly failed to discharge their duty during the farmers' tractor rally in the national capital on January 26 (Republic Day).

R-Day violence: Delhi HC junks plea seeking punishment for police officials

Bengal govt to bring resolution against extension of BSF jurisdiction

Bengal govt to bring resolution against extension of BSF jurisdiction
The West Bengal government is planning to bring a resolution in the Assembly against the extension of jurisdiction of the BSF in the state. After Punjab, West Bengal will be the second state to bring such a resolution.

Bengal govt to bring resolution against extension of BSF jurisdiction

BJP in lead, but losing 108 seats to SP in UP; Cong fighting back in Uttarakhand, Punjab

BJP in lead, but losing 108 seats to SP in UP; Cong fighting back in Uttarakhand, Punjab
The BJP is still the favourite to win the Assembly polls in Uttar Pradesh next year but it is now losing 108 seats as the Samajwadi Party rises rapidly, while in Uttarakhand and Punjab, Congress is making a strong comeback, as per the ABP-CVoter-IANS 5-State Snap Poll.

BJP in lead, but losing 108 seats to SP in UP; Cong fighting back in Uttarakhand, Punjab