Members discussed the Punjab state new industrial fiscal policy at its special executive meeting of the Patiala Chamber of Industries held under the chairmanship of Budh Ram Singla at Fatehgarh Sahib
Chamber spokesperson Jindal informed that the chamber while appreciating the modernization policy for benefits on investments over `1 one crore, however wanted some measures for the SME sector also to be included in this package.
The meeting also reviewed collectorate rates for the industrial plots in Patiala district, for the purpose of property tax ,levied on the industries.
The present high rates of almost `10,000 per yard for the industrial focal point at Patiala were collectively dismissed by the members ,as too high and unrealistic. The members decided to take a delegation to meet Cabinet Minister Surjit Singh Rakhra ,to apprise him of the situation and request him for getting a separate collectorate rate announced for industrial plots.
The members felt that all the industrial plots in Patiala should have a separate rate apart from the residential and commercial rates now announced by the municipal corporation.