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05/12/2019 10:57am

Punjab Govt to confer MSME awards to progressive industries

image Punjab Govt to confer MSME awards to progressive industries

New Delhi, Dec 5 (KNN) The Punjab Government has decided to confer the Punjab State Micro Small and Medium Enterprises (MSMEs) Awards 2019 to the outstanding MSMEs who have registered tremendous business growth in investment,  employment generation, turnover/ sales, energy efficiency, exports, employee’s welfare etc for the financial years 2016-17 to 2018-19 and displayed excellence in product  quality.

Stating this here on Wednesday, the Industry minster Sham Sunder Arora that these MSMEs will be honoured by the Chief Minister of Punjab with the cash award and a certificate on December 5th, first day of the Progressive Punjab Investors  Summit-2019 Summit slated to be held at Indian School of Business (ISB), Mohali.

He said that State Government is taking all possible steps for the promotion and growth of Industry including the MSME sector.  The State Government has also launched a very attractive Punjab Industrial and Business Development Policy, 2017 offering various incentives for all sectors of Industry.

''To further promote and showcase Punjab as an attractive and competitive destination for Industrial Investments, the State Government is holding the Progressive Punjab Investors Summit-2019 on December 5-6, 2019 at Indian School of Business (ISB), Mohali,'' the minister said.

''During the Summit, the State Govt. will honour the outstanding MSME entrepreneurs of different sectors like  Agro & Food processing, Automobiles & Auto parts, Textiles, Engineering, Pharmaceuticals, IT & Electronics, Sports, Hand tools and Leather Industry to recognize their  achievements and to encourage them to produce quality products for which the online applications were invited through press. State awards of amount Rs 1 Lakh each and a  Certificate shall be given to Micro/ Small and Medium Enterprises operating in the above said sectors,'' he added.

The industry Minister said that the Government hopes that these MSME Awards will encourage and motivate other MSMEs for making investments and adopting innovative technologies for production of the quality products which in turn would help increase in revenue and employment generation which is need of the hour.

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