Close X
Friday, October 25, 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

India to bring back mortal remains of 45 killed in Kuwait fire by special flight

India to bring back mortal remains of 45 killed in Kuwait fire by special flight
According to the statement, most of the deceased are from Kerala (23), followed by seven from Tamil Nadu, three each from Andhra Pradesh and Uttar Pradesh, two from Odisha, and one each from Bihar, Punjab, Karnataka, Maharashtra, West Bengal, Jharkhand, and Haryana.

India to bring back mortal remains of 45 killed in Kuwait fire by special flight

India among most important nations in the world: Ex-Italian Sherpa for G8 & G20

India among most important nations in the world: Ex-Italian Sherpa for G8 & G20
India is prominent and among the most important countries in the world, as well as a huge democracy, said former Italian Sherpa for G8 and G20 and Ambassador Giampiero Massolo, who is attending the Group of Seven (G7) Summit in Italy. He also added that everybody counts on India as a stabilising factor as it has a key position in the global south.

India among most important nations in the world: Ex-Italian Sherpa for G8 & G20

Delhi Archbishop hails PM Modi's interaction with Pope Francis at G7 Summit

Delhi Archbishop hails PM Modi's interaction with Pope Francis at G7 Summit
Anil Joseph Thomas Couto, the Archbishop of Delhi, and General Secretary of the Catholic Bishops' Conference of India (CBCI), on Friday lauded Prime Minister Narendra Modi's interaction with Pope Francis at the G7 Summit's Outreach Session in Borgo Egnazia, Italy. Admiring his commitment to serve people, Prime Minister Modi also extended an invitation to Pope Francis to visit India at an early date.

Delhi Archbishop hails PM Modi's interaction with Pope Francis at G7 Summit

Housing prices see 13 pc growth in last two years as inflation eases in India

Housing prices see 13 pc growth in last two years as inflation eases in India
Residential real estate prices have risen continuously since 2013 and in the last two years, they appreciated at a compound annual growth rate (CAGR) of 13 per cent while the consumer price inflation (CPI) inflation moderated by 1.3 per cent on an annual average basis to 5.4 per cent at the end of FY24, a report showed on Thursday. Around 8.25 lakh new homes were launched and 8.72 lakh units were sold during the last two financial years.

Housing prices see 13 pc growth in last two years as inflation eases in India

Oracle to train 200K students in India in Cloud, AI tech

Oracle to train 200K students in India in Cloud, AI tech
The company and Tamil Nadu Skill Development Corporation (TNSDC) have launched a specialised programme under the state’s massive skill enhancement initiative, Naan Mudhalvan, to provide employment-linked training to students in the state.

Oracle to train 200K students in India in Cloud, AI tech

Human finger in ice-cream: Mumbai firm pulls stocks from stores, stops contract manufacturing

Human finger in ice-cream: Mumbai firm pulls stocks from stores, stops contract manufacturing
In a guarded statement, a company spokesperson said, “We are taking this incident very seriously. We have stopped manufacturing (the ice-cream) at this third-party facility. We have isolated the said product at the facility, our warehouses and are in the process of doing the same at the market level.”

Human finger in ice-cream: Mumbai firm pulls stocks from stores, stops contract manufacturing