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

Will Modi government condemn those trolling Shami, asks Owaisi

Will Modi government condemn those trolling Shami, asks Owaisi
Terming the trolling unfortunate and shameful, the Hyderabad MP said it shows how communalism, radicalisation, and hatred against Muslims has spread in the country.

Will Modi government condemn those trolling Shami, asks Owaisi

Punjab orders probe into Amarinder's relations with Pak friend Aroosa

Punjab orders probe into Amarinder's relations with Pak friend Aroosa
The Punjab government on Friday ordered a probe into former Chief Minister Amarinder Singh's relations with his Pakistani woman friend Aroosa Alam and her relation with the ISI. Deputy Chief Minister Sukhjinder Randhawa said the government would probe the ISI links of Aroosa Alam.

Punjab orders probe into Amarinder's relations with Pak friend Aroosa

Manpreet Badal asks Centre to set up pharma park in Bathinda

Manpreet Badal asks Centre to set up pharma park in Bathinda
Raising the demand at a meeting with Union Health and Chemicals and Fertiliser Minister Mansukh L. Mandaviya, Badal said it is equally important to diversify Punjab's economy as well as its agriculture.

Manpreet Badal asks Centre to set up pharma park in Bathinda

Farmers have right to protest, but roads can't be blocked indefinitely: SC

Farmers have right to protest, but roads can't be blocked indefinitely: SC
Senior advocate Dushyant Dave, representing the farmers' group, submitted before a bench headed by justice Sanjay Kishan Kaul that road blockade would end, if permission is granted to continue the protest either at Ramlila Maidan or Jantar Mantar.

Farmers have right to protest, but roads can't be blocked indefinitely: SC

Farmers open service road at Ghazipur border closed for 11 months

Farmers open service road at Ghazipur border closed for 11 months
Farmers protesting on the Ghazipur border at Delhi for the last 11 months against the three farm laws enacted by the Centre last year, have started to open the service lane to ease the traffic. They said it is the police who have closed the road and not them. Farmers belonging to the Bharatiya Kisan Union (BKU) on Thursday started removing the tents built on the service road to start the traffic movement.

Farmers open service road at Ghazipur border closed for 11 months

Congress damaged interests by not trusting me: Amarinder

Congress damaged interests by not trusting me: Amarinder
Two days after announcing to launch his own political outfit to serve the interests of the people, two-time Punjab Chief Minister Amarinder Singh on Thursday slammed AICC general secretary Harish Rawat, saying the party has damaged its own interests by not trusting him and giving the party into the hands of an 'unstable person' like Navjot Sidhu.

Congress damaged interests by not trusting me: Amarinder