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

Singhu murder victim's kin demand CBI probe, govt job

Singhu murder victim's kin demand CBI probe, govt job
Lakhbir's family -- wife, daughter, brother and father -- went to meet Union Home Minister Amit Shah at his residence but as he was unavailable, they met the staff of the Home Minister and put forth their demands.

Singhu murder victim's kin demand CBI probe, govt job

Punjab residents ask politicians to set air quality agendas

Punjab residents ask politicians to set air quality agendas
Organised by EcoSikh and Clean Air Punjab, a citizen's collective working on the issue of air pollution, over 50 prominent citizens across the state attended the meeting.

Punjab residents ask politicians to set air quality agendas

Amarinder to meet Shah on farmers' stir

Amarinder to meet Shah on farmers' stir
Disclosing this here on Wednesday, Amarinder Singh, who announced to float a new political party with seat sharing with parties, including the BJP, said he had been discussing various options with Home Minister Amit Shah, whom he will be meeting in Delhi again on Thursday, and others.

Amarinder to meet Shah on farmers' stir

India largest generic medicine supplier in world: Mandaviya

India largest generic medicine supplier in world: Mandaviya
Union Health Minister Mansukh Mandaviya on Wednesday said that India is the world's largest generic and affordable medicine supplier. "Pharma sector is our religion, we believe in the concept of 'Vasudhaiva Kutumbakam", said the Minister.

India largest generic medicine supplier in world: Mandaviya

Kejriwal to make two-day visit to Punjab

Kejriwal to make two-day visit to Punjab
According to sources, Kejriwal will visit Sangrur, Mansa and Bathinda on October 28 and 29. He will have a dialogue with farmers on Thursday and will meet businessmen on Friday.

Kejriwal to make two-day visit to Punjab

NCB, Mumbai Police probe graft charges against Sameer Wankhede

NCB, Mumbai Police probe graft charges against Sameer Wankhede
The NCB team arrived here this afternoon and is understood to have recorded Wankhede's statement besides summoning a 'Panch-Witness' Prabhakar Sail for probe.

NCB, Mumbai Police probe graft charges against Sameer Wankhede