Close X
Wednesday, October 23, 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

Filled me with pride: Union Minister Hardeep Puri reacts on India's response to Canada

Filled me with pride: Union Minister Hardeep Puri reacts on India's response to Canada
As Hindu temples in Canada continue to be constantly vandalised by Khalistani goons and Hindu-Canadians besides Indian diplomats also being repeatedly targeted, the MEA had on Monday issued a strongly-worded statement, detailing Canadian Prime Minister Justin Trudeau's continued hostility towards India which it said has long been in evidence.

Filled me with pride: Union Minister Hardeep Puri reacts on India's response to Canada

Rajasthan will become new destination for global companies: CM

Rajasthan will become new destination for global companies: CM
Rajasthan Chief Minister Bhajan Lal Sharma-led high-level delegation of the government of Rajasthan on Tuesday participated in the ‘Rising Rajasthan’ Investor Roadshow in Munich (Germany) and invited German innovators and investors to set up units in the Rajasthan on the second day of its Germany visit.

Rajasthan will become new destination for global companies: CM

RG Kar protest: Minister, cop face protests following obstructions in human-chain

RG Kar protest: Minister, cop face protests following obstructions in human-chain
The tension broke out as the vehicle of the state fire services minister Sujit Bose suddenly arrived at the human-chain protest and started moving through that lane.

RG Kar protest: Minister, cop face protests following obstructions in human-chain

Heavy rains wreak havoc in Bengaluru, schools & colleges to remain closed on Wed

Heavy rains wreak havoc in Bengaluru, schools & colleges to remain closed on Wed
Heavy rains wreaked havoc in IT city Bengaluru on Tuesday leaving the famous Manyata Tech Park and low-lying areas inundated. The Bengaluru Urban District Commissioner has released an order directing all schools and colleges will remain closed on Wednesday as heavy rains are predicted to avoid any untoward incidents.

Heavy rains wreak havoc in Bengaluru, schools & colleges to remain closed on Wed

Adani Green Energy to defer $1.2 bn 20-year notes to after US elections

Adani Green Energy to defer $1.2 bn 20-year notes to after US elections
Adani Green Energy Ltd (AGEL), Adani Group’s renewable arm and India’s largest renewable energy company, has deferred its $1.2 billion IG rated offering to after the US presidential elections on account of weak market conditions. The Hybrid RG comprises 1,840 MW operational wind solar hybrid assets, with an IG rating from Fitch and Moody’s ratings.

Adani Green Energy to defer $1.2 bn 20-year notes to after US elections

Air India Express flight lands safely after technical snag; probe ordered

Air India Express flight lands safely after technical snag; probe ordered
Shortly after takeoff, the flight encountered a technical issue and had to circle above the airport for more than two and a half hours before landing to reduce the aircraft's weight by burning off the fuel.

Air India Express flight lands safely after technical snag; probe ordered