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New industrial policy soon: Joshi

punjab Updated: Jul 14, 2012 13:10 IST
HT Correspondent
HT Correspondent
Hindustan Times
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To give a boost to industrial development and to attract fresh investment, the Punjab government will soon announce its new industrial policy.


The thrust will be on attracting some major industrial houses to the border state besides taking care of the problems of existing units.

Providing jobs to educated youth or encouraging them to open their own ventures would be another area of focus under the new policy.

This was stated by minister for industry and technical education, Anil Joshi while presiding over a seminar to solicit the views of entrepreneurs on problems confronting the industry in the state, on Friday.

"The new policy is in the works and we are soliciting the views of entrepreneurs. It will go a long way in removing grievances of industrialists," Joshi said.

He claimed that Punjab would provide an impetus to industrial growth and will also focus on the problem of unemployment.

"Punjab's industrial growth through the new policy will become a model for other states," he said.
Joshi said the state government was already in touch with some major industrial houses of the country and was impressing upon them to invest in the state.

It has already earmarked land in various parts of the state, which will be offered to entrepreneurs desirous of opening ventures, he added.

The state industry minister said the government has already announced setting up of a single-window clearance system at the state and district levels. Projects involving an investment of Rs 5 crore or less will be cleared at district-level, while those involving higher budget will be given clearance at Chandigarh.

Announcing that curriculum for all state technical education or training institutes was being changed to suit the needs of the modern day industry, the industry minister said this will go a long way in providing jobs to passouts.

Claiming that Punjab had been hit by the special industrial concessions provided to some neighbouring states, the industry minister said the central government was to be blamed for this.

Joshi, however, did not mention the fact that these concessions were provided by the Atal Bihari Vajpayee government during the National Democratic Alliance rule.