Industries moving out of Punjab due to anti-industrial policies: PPBM

Ludhiana, Apr 4 (KNN) The Punjab Pradesh Beopar Mandal (PPBM) have expressed worry over the treatment being meted out to the industries in the state.

Sunil Mehra, general secretary, PPBM pointed out that thousands of big and small industrial units had already moved to other states like Haryana, HP, Bihar, MP and Uttar Pradesh due to the “anti-industrial” policies of Punjab government.

“The state government is luring new entrepreneurs on the pretext of giving benefits and subsidies. But already existing industry in the state is in shambles,” he said.

The Punjab government have issued eight thousand notices to industrialists for depositing VAT, while the power rates are going to be increased by 50 paise per unit.

“This is a major blow to the industry. Instead of providing some relief in this recessionary phase, the government is crushing the industry with more financial burdens. This shows that government is not interested in promoting the industry in Punjab,” rued Mehra.

Voicing similar views, another office-bearer Ayush Aggarwal said government was making tall claims of providing numerous benefits to the new investors but the ongoing industry is in bad shape, nothing is being done to improve its position.

The mandal members said that in next 10 days’ time, if notices sent to industrialists are not withdrawn and power rates are not decreased then the traders will adopt an agitational path, the responsibility of which would fall on the government.  (KNN Bureau)