Close X
Saturday, October 26, 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 calls for immediate de-escalation as Israel-Iran tensions grow

India calls for immediate de-escalation as Israel-Iran tensions grow
India on Sunday expressed serious concern over the escalating tension between Israel and Iran, and called for exercising restraint, stepping back from violence and returning to the path of diplomacy. In a statement, the Ministry of External Affairs said, "We are seriously concerned at the escalation of hostilities between Isreal and Iran which threatens the peace and security in the region."

India calls for immediate de-escalation as Israel-Iran tensions grow

Bengaluru cafe blast: Terrorists planned to target IT parks, say sources

Bengaluru cafe blast: Terrorists planned to target IT parks, say sources
The probe in the Rameshwaram cafe blast case has revealed that the initial plan of the terrorists was to explode a bomb on the premises of an IT park in the tech corridor of Bengaluru city, sources said on Tuesday. The arrested men have also confessed that because of the high security, they could not plant the bomb on the premises of the IT parks.

Bengaluru cafe blast: Terrorists planned to target IT parks, say sources

Indian Navy seizes 940 kg of contraband narcotics

Indian Navy seizes 940 kg of contraband narcotics
The Indian Navy on Tuesday said that they have seized around 940 kg of contraband narcotics in the Western Arabian Sea as part of Combined Task Force 150 led 'Focused Operation Crimson Barracuda'. The Navy said that INS Talwar seized 453 kg of methamphetamines, 416 kg of hash and 71 kg of heroin from a dhow as part of Focused Operation Crimson Barracuda.

Indian Navy seizes 940 kg of contraband narcotics

Two held for VHP leader’s murder in Punjab

Two held for VHP leader’s murder in Punjab
Shopkeeper Vikas Prabhakar, alias Vikas Bagga, VHP Nangal Mandal President, was shot dead by two assailants at his shop on Saturday evening. The assailants, one wearing a helmet and the other having face covered with muffler, came on a scooty.

Two held for VHP leader’s murder in Punjab

BJP will change the Constitution if they come to power again, says Priyanka Gandhi

BJP will change the Constitution if they come to power again, says Priyanka Gandhi
Priyanka Gandhi also claimed that if the BJP comes to power this time, the common people of this country will suffer the most, while promising that the daily wage of tea garden workers will be hiked if the opposition INDIA bloc can form the government at the centre.

BJP will change the Constitution if they come to power again, says Priyanka Gandhi

Punjab Police arrest Germany-based terror operative in Delhi airport

Punjab Police arrest Germany-based terror operative in Delhi airport
An input was received in 2020 at State Special Operation Cell (SSOC) Amritsar that Khalistan Zindabad Force (KZF) terrorist Jagdish Singh Bhura was planning to hit some high-profile targets in Punjab and to accomplish this task, he had provided weapons and financial support to his India-based associates.

Punjab Police arrest Germany-based terror operative in Delhi airport