PSIEC industrial plots to be used for warehousing and skill development

New Delhi, June 4 (KNN) Keeping industrial plot holders in focal point, the Punjab Small Industries and Export Corporation (PSIEC) has decided to allow its industrial plot holders to utilize their premises for warehousing and skill development centre.

The move which is in line with the government’s focus on ease of doing business under its new Industrial and Business Development Policy will facilitate industrial plot holders to undertake a wide variety of activities and they will be allowed to be treated at par with service sector enterprise.

Along with this, the state government has agreed upon long pending demands of various industrial organizations, including the Confederation of Indian Industry (CII), the PHD Chamber of Commerce and Mohali Industries Association, an official spokesperson told the media.

He said the representatives of various industrial bodies has been seeking liberalization of the policies to treat warehousing and skill development as industrial activity on the industrial plots developed by PSIEC across the state.

This decision taken by the PSIEC will help the small industries in economizing their operations and manage their affairs more effectively and efficiently without making any sort of separate arrangements for warehousing purposes, outside industrial focal points, thereby incurring additional investment.

Also, service sector enterprises are providing support to the manufacturing activities in the industrial estates/focal points which would help the small manufacturers in providing integrated support services to the entrepreneurs.

This will reduce their time and burden of finding places for procuring secondary facilities, the spokesperson said.

“This would naturally accelerate growth of MSMEs, start-ups, facilitate availability of skilled man-power, and bring synergy between manufacturing & service sector operations,” he said.

Amarinder Singh led Congress government in Punjab is committed to boost industrial activities in the state in a big way to lay the foundation for long-term sustainable growth of the states industry and business, he said, adding that the latest move is aligned to this thrust of the state government.