New comprehensive industrial policy ‘must’ to encourage MSMEs in Punjab: ASSOCHAM
New Delhi, May 20 (KNN) An industry body recently recommended for a new comprehensive policy to be introduced for the growth of the Agro-based MSMEs In the state.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in association with Thought Arbitrage Research Institute (TARI) recently submitted a proposal in this regard to the newly formed Punjab Government.
The proposal recommends that a policy focussing on activities relating to farm products, dairy, cotton and textiles must be envisioned for the State.
It bats for a labour intensive technology for the MSMEs to facilitate growth of the sector. Upgraded infrastructure must be encouraged by the government aiming at increased productivity.
There are suggestions on the need to review the power policy for the industry. Cheaper power must be made available to both the new units as well the existing units. I.T industries should be developed in Amritsar, Jalandhar and Ludhiana, for which procedures must be simplified. A petrochemical hub is also suggested to be established in Bhatinda
Fast single window clearance system to obtain licenses should be done at utmost priority.
The proposal talks of various dimensions relating to the agriculture in the state. More high value crops such as cotton, canola, fruits, vegetables, turmeric must be promoted in the state instead of paddy.
Also the paper suggests that ad hoc policies must be eliminated, for instance ban on the export foodgrain, limits on keeping private stocks and imposing of tax on the purchase of food grains should be reconsidered and removed if possible.
The paper further suggested that the National Policy for Crop Residual must be implemented with appropriate amendments. It also emphasized that Punjab should join the National Agricultural Market, the e-portal that aims to facilitate better pricing.
Citing reference of Maharashtra, Gujarat and Madhya Pradesh, ASSOCHAM suggested that parity in tax structure must be brought in. Also financial incentives offered by other states must be looked upon and matched for Punjab. (KNN/ DA)