Upcoming industrial policy of Punjab likely to focus on MSMEs to boost employment

Chandigarh, Sept 7 (KNN) With the view to make the upcoming industrial policy more investor and industry-centric, the Punjab government will soon present the policy draft to seek stakeholders views.

The upcoming policy is likely to focus on micro, small and medium enterprises, employment, interventions for ensuring ease of doing business, upskilling and quality power, the Tribune reported.

This is for the first time that the Department of Industries would be inviting opinion from the industry on the draft policy.

While addressing the industrialists during a seminar on ‘Promoting Industrial Growth and Investments in Punjab’ organised by the Confederation of Indian Industry (CII), Dilip Kumar, Principal Secretary, Industries, Commerce and Investment Promotion said, “the other states may be offering better incentives, but I suggest don’t see the monetary aspect only, we will give industry an entire package, including conducive environment and hassle-free operations.”

“In past, we did have consultations for framing the new industrial policy. But draft has never been shared with the industry. The industry came to know about the outcome, once the final policy was unveiled,” said Amit Thapar, president, Ganga Acrowools Limited and chairman, CII, Punjab.

The state government through the new industrial policy aims to attract all kind of industries irrespective of the turnover and to make the state more investor-friendly. The new policy would also provide an enabling environment by introducing effective single-window system.

The current industrial policy which was introduced in 2017 is set to lapse by October this year.  (KNN Bureau)