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

6 kg gold seized at Hyderabad Airport

6 kg gold seized at Hyderabad Airport
Two gold bars, of 3 kg each, of 24 carat purity, and worth Rs 2.96 crore, were concealed in two rechargeable lights. The officials, who searched the baggage of a passenger arriving from Dubai by flight EK 524, found the two emergency lights. On suspicion, they opened the lights and found the bars kept inside the rechargeable batteries.

6 kg gold seized at Hyderabad Airport

Amarinder to announce new party soon; hints at pact with BJP for Punjab polls

Amarinder to announce new party soon; hints at pact with BJP for Punjab polls
The former Punjab CM also said that he is hopeful of a seat-sharing arrangement with the BJP for next year's Assembly elections in the state, if the farmers' issues are resolved in their interest.

Amarinder to announce new party soon; hints at pact with BJP for Punjab polls

Facebook launches its 1st ever event for gamers in India

Facebook launches its 1st ever event for gamers in India
According to the firm, the event will provide an opportunity to the game developers, publishers and creators across India to build, grow their communities and monetize on Facebook.

Facebook launches its 1st ever event for gamers in India

Punjab Minister slams Kejriwal for promise to end red tapism

Punjab Minister slams Kejriwal for promise to end red tapism
Suggesting Kejriwal to keep himself up to date, the minister said the state government has already executed the Punjab Anti-Red Tape Act of 2021 to promote effective administration of public affairs through simplified and trust-based procedures that shall expedite processes and make governance efficient.

Punjab Minister slams Kejriwal for promise to end red tapism

BJP holds five meetings with its Punjab unit to discuss poll preparedness

BJP holds five meetings with its Punjab unit to discuss poll preparedness
A senior party functionary said that the fact that the BJP has never been in power in Punjab on its own, this time the party is leaving no stone unturned and the central leadership is regularly reviewing the poll preparedness of the state unit

BJP holds five meetings with its Punjab unit to discuss poll preparedness

Another accused in Lakhimpur Kheri case surrenders in court

Another accused in Lakhimpur Kheri case surrenders in court
The police had been conducting raids to arrest Ankit Das who is the nephew of former MP, late Akhilesh Das. A notice had been pasted at his residence residential address in Lucknow.

Another accused in Lakhimpur Kheri case surrenders in court