New industrial coverage of Punjab in works, talks with stakeholders start
Vijay C Roy
Chandigarh, Might 25
To present impetus to industrialisation and create an unlimited vary of enterprise alternatives in Punjab, the state authorities has began the session course of for framing the brand new industrial coverage.
The Business Division and entrepreneurs, together with numerous industrial associations, are placing their heads collectively for a brand new coverage.
The present coverage, “The Industrial and Enterprise Growth Coverage, 2017”, will lapse by October.
The main focus of the proposed coverage shall be on attracting all sort of industries regardless of the turnover and to transform the state into extra investor-friendly. It could additionally present an enabling atmosphere by introducing an efficient single-window system.
“The session course of with numerous stakeholders is below progress. We’re engaged on the modalities aimed toward streamlining processes to encourage new buyers and industries to arrange store within the state,” stated Dilip Kumar, Principal Secretary, Industries and Commerce. He, nevertheless, added it could be too early to share the small print.
“The division is collating data from numerous stakeholders and taking inputs the place simplification of sure guidelines is required,” stated Kumar.
The Principal Secretary additional stated the main target can be on a workable and responsive single-window system for approvals for every type of industries.
The business is of the view that if the state authorities is severe in attracting funding, it ought to give particular impetus to infrastructure, cut back taxes and convey an enabling atmosphere.
Sources say the main target shall be on job creation because the Aam Aadmi Social gathering (AAP) had said in its manifesto that 25 lakh jobs can be created in 5 years.
Based on insiders, since AAP additionally introduced incubators known as Punjab Launch Pads in 10 main cities of the state, it might discover a place within the new industrial coverage.
Jobs focus space
- Workable and responsive single-window system for approvals for every type of business
- Job creation as AAP had said in its manifesto that 25 lakh jobs can be created in 5 years
Streamlining course of
The govt. is consulting with numerous stakeholders. We’re engaged on the modalities aimed toward streamlining processes to encourage new buyers to arrange store within the state. — Dilip Kumar, Principal Secy, Industries & Commerce