Close X
Wednesday, November 13, 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

UP: 5 held for selling SIM cards on fake IDs

UP: 5 held for selling SIM cards on fake IDs
The arrested persons have been identified as Abdul Khalid, Shriram Chaurasia, Zishan Ahmad, Vikas Kesarwani and Krishna Kumar. Inspector (Kareli) Anupam Sharma said the arrested persons had sold SIM cards to law-breakers at high prices after creating fake IDs.

UP: 5 held for selling SIM cards on fake IDs

Congress in pathetic situation now, says ex-Punjab CM

Congress in pathetic situation now, says ex-Punjab CM
The ex-CM of Punjab recalled that Rawat himself had publicly stated after meeting him that he was satisfied by his government's track record on the 2017 poll promises.

Congress in pathetic situation now, says ex-Punjab CM

Punjab CM Channi meets PM Modi, discusses farmers' issues

Punjab CM Channi meets PM Modi, discusses farmers' issues
It is learnt that Channi in his first meeting with the Prime Minister after becoming chief minister of Punjab requested that the Centre take back its decision to postpone paddy procurement by 10 days. The Centre has postponed the procurement of paddy by 10 days due to rain in Punjab and Haryana. Earlier the procurement was supposed to start from October 1 but now it will start from October 11.

Punjab CM Channi meets PM Modi, discusses farmers' issues

No intention to continue in Congress, but not joining BJP: Amarinder

No intention to continue in Congress, but not joining BJP: Amarinder
Scotching speculation to the contrary, former Punjab Chief Minister Captain Amarinder Singh on Thursday made it clear he was not joining the Bharatiya Janata Party (BJP) but had no intention of continuing in the Congress either, which he said was going downhill with senior leaders completely ignored and not given a voice.

No intention to continue in Congress, but not joining BJP: Amarinder

'Deadlock' persists between Punjab CM, Sidhu even after meet

'Deadlock' persists between Punjab CM, Sidhu even after meet
The meeting lasted for over two hours and the issues raised by Sidhu will be put before the Cabinet on October 4, sources in the party said.After the meeting at Punjab Bhavan, where AICC observer Harish Chaudhary was also present, both Channi and Sidhu left the meeting venue without talking to the media.

'Deadlock' persists between Punjab CM, Sidhu even after meet

Climate activists to be part of Delhi govt's 'green' initiatives

Climate activists to be part of Delhi govt's 'green' initiatives
Hundreds of environmental activists had marched from the ITO Metro station to Delhi Secretariat on September 24 to mark the 'Global Climate Strike' week and learn of the status of their list of demands presented to the Delhi government on March 19.

Climate activists to be part of Delhi govt's 'green' initiatives