Punjab CM Advocates for Industry Incentives Comparable to Neighboring States
Chandigarh, October 23
Punjab Chief Minister Bhagwant Mann urged the Union government to provide incentives to Punjab’s industries at par with neighboring hilly states during a meeting with a high-level NITI Aayog team.
Addressing MSME Growth: Mann emphasized the need for collaboration between the government and MSMEs to drive exponential growth in the state. He invited industry leaders to leverage Punjab’s government initiatives to become globally competitive.
MSMEs as Economic Drivers: Mann highlighted the crucial role of MSMEs in Punjab’s economy, contributing significantly to GDP, employment, and exports. He emphasized the need for a supportive environment to foster their growth.
Punjab’s Strengths: Mann highlighted Punjab’s historical role as a leader in various fields, including national freedom struggles, food production, and border defense. He emphasized the state’s entrepreneurial spirit and its potential to excel in industry and trade.
Economic Contributions: Mann noted that Punjab, despite accounting for 1.5% of India’s land area, contributes 2.5% to the national economy and 1.6% to exports. The state is a major producer of wheat, rice, machinery, hand tools, and other goods.
see this link also…..Punjab CM Mann Urges Amit Shah for Intervention in Procurement Process
Government Initiatives: Mann highlighted various initiatives undertaken by the Punjab government to support MSMEs and boost exports. These include the New Industrial and Business Development Policy 2022, the Invest Punjab Business First Portal, Sarkar Sanatkar Milnis, and the establishment of an Industrial Advisory Commission.
Key Points:
- Mann advocates for industry incentives comparable to neighboring hilly states.
- Emphasizes collaboration between government and MSMEs for growth.
- Highlights Punjab’s potential for industrial excellence.
- Reviews government initiatives to support MSMEs and boost exports.
Mann’s vision for Punjab’s industrial growth aligns with the government’s broader efforts to create a conducive environment for businesses and improve the state’s economy.
