Chandigarh, Aug 17 (KNN) In a bid to boost ‘Ease of Doing Business’ for Micro, Small and Medium Enterprises (MSMEs), the Punjab Cabinet led by Chief Minister Capt Amarinder Singh has approved a list of NOCs required for setting up production units in the state.

"It is based on recommendations of the Global Alliance for Mass Entrepreneurship (GAME) - an organization engaged by the Punjab Government to make Punjab a progressive industrial hub," an official statement said.

With this move, Punjab has become the first state in the country to take systematic proactive steps for improving 'Ease of Doing Business' in matters of NOCs to enable MSMEs to flourish and prosper in the State.

The Chief Minister during his Independence Day speech on Sunday, had announced the state government’s decision to promote MSME business in the state, and the list approved today is in line with the same.

Notably, a Memorandum of Understanding (MoU) was signed between Department of Industries and Commerce, Punjab and Global Alliance for Mass Entrepreneurship (GAME) in November 2020, with a tenure of two years from November 2, 2020 to November 2, 2022, to initiate new industry reforms.

According to a spokesperson of the Chief Minister’s Office, the approved exhaustive list of NOCs will be a definitive source for entrepreneurs to access all NOC related information for establishing and operationalizing business.

''In the future, any addition in the approved list of NOCs shall be made by the concerned Administrative Department after approval from the Council of Ministers,'' the statement said.