CM directs Principal Secretary to expedite release of subsidy for industry in Tarn Taran border area




Chandigarh: Punjab Chief Minister Captain Amarinder Singh on Thursday directed his Principal Secretary to expedite the release of pending subsidy, to the tune of Rs 7 crore, for the development of industry in the border areas of Tarn Taran, Amritsar.

The directive followed a request for immediate release of the subsidy by a delegation of the PHD Chamber of Commerce and Industry (PHDCCI), which called on him here to discuss steps to revive the state’s ailing industry.

Stressing the need for collective efforts to bring industrial growth on track in the state for the generation of employment and economic revival, the Chief Minister assured the delegation of full infrastructural support by his government, along with uninterrupted power at affordable rates, for the industry.

Acknowledging the PHDCCI’s research-based advisory role in framing entrepreneur-friendly government policies, Captain Amarinder urged the delegation to come forward with more innovative inputs for the revival of the industry, which had been devastated as a result of the unfriendly policies of the previous government.

The Chief Minister told the delegation that the new industrial policy being prepared by his government would have several provisions to attract entrepreneurs from across the country besides initiating a congenial investment atmosphere in the state, which was once considered the most favoured investment destination.

He further said he had personally received stupendous response, during his `Invest Punjab’ visit to Mumbai recently, from the country’s top industry leaders such as Tatas, Ambanis, Goenkas, Mahindras, Bajajs, among others, for investing in the state.

Observing that Punjab had surplus power, the Chief Minister said his government was studying various options to sell surplus power from the state to neighbouring countries such as Pakistan and Nepal, and he had urged the prime minister to formulate a policy for the same. He further informed the delegation that the Ambanis were ready to supply power to the state at Rs.5 per unit, which was much cheaper than the actual cost of generation in the state.

PHDCCI Chairman R.S. Sachdeva expressed the chamber’s full confidence and trust in Captain Amarinder’s leadership and his visionary ability to bring Punjab out of the mess it had inherited from the previous government.

The delegation invited the Chief Minister to inaugurate the annual event of the chamber-Punjab International Trade Expo (PITEX) at Amritsar on December 7, 2017, which he accepted, with the hope that it would further showcase Amritsar as a business and tourist destination besides giving impetus to the region’s economic development.

The Chief Minister also agreed to preside over a function on May 23 at the chamber’s office in Chandigarh to interact with the entrepreneurs and industrialists from the state on the new industrial policy which was likely to be unveiled soon.

The meeting was attended, among others, by Media Advisor to Chief Minister Raveen Thukral and Principal Secretary to Chief Minister Tejveer Singh. The visiting delegation was represented by Member Managing Committee Amarjeet Goyal, past presidents Ashok Khanna and RK Saboo, besides Chairman Chandigarh Committee Vikram Sahegal, Chairman Punjab Committee RS Sachdeva, Resident Director Ms. Madhu Pillai and Additional Resident Director Pardeep Ratan.

— PTC News