Punjab announces Rs 100 crore fund for start-ups
Updated: Oct 30, 2015 11:41:39am
Chandigarh, Oct 30 (KNN) Punjab deputy chief minister Sukhbir Singh Badal on Thursday announced startup fund of Rs 100 crore for young entrepreneurs. He said that a special policy providing level playing field for micro, small and medium enterprises (MSMEs) is being framed and would be finalised in a month.
He was addressing the concluding day of the Progressive Punjab Investment Summit which witnessed a total investment commitment of Rs 1.15 lakh crore.
The deputy CM said that Mohali was all set to emerge as an electronic hub with Videocon promising an investment of Rs 500 crore to establish a mobile and set-top box manufacturing facility. He also announced that jewellery maker Geetanjali would establish a jewellery park at Amritsar at a cost of Rs 1200 crore.
Badal said special emphasis is being laid on training girl students, for which the government was starting 50 colleges in rural areas to train girls in various vocations. He also assured to formulate a special policy and package for the existing industry by the end of November.
Collaboration with HDFC bank to open skill development centres across the state is in the pipeline, he added.
The Deputy chief minister also gave a call for all "born in Punjab" industrialists to invest back in their State in case they have settled out of Punjab or abroad. He said he will approach all such industrial heads in the near future and urge them to put up their units in their State of birth. (KNN Bureau)
He was addressing the concluding day of the Progressive Punjab Investment Summit which witnessed a total investment commitment of Rs 1.15 lakh crore.
The deputy CM said that Mohali was all set to emerge as an electronic hub with Videocon promising an investment of Rs 500 crore to establish a mobile and set-top box manufacturing facility. He also announced that jewellery maker Geetanjali would establish a jewellery park at Amritsar at a cost of Rs 1200 crore.
Badal said special emphasis is being laid on training girl students, for which the government was starting 50 colleges in rural areas to train girls in various vocations. He also assured to formulate a special policy and package for the existing industry by the end of November.
Collaboration with HDFC bank to open skill development centres across the state is in the pipeline, he added.
The Deputy chief minister also gave a call for all "born in Punjab" industrialists to invest back in their State in case they have settled out of Punjab or abroad. He said he will approach all such industrial heads in the near future and urge them to put up their units in their State of birth. (KNN Bureau)
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