Punjab budget 2017: Boost to industry looks like all hat, no cattle
The government also announced to set up new industrial hubs in Sangrur and Ludhiana, besides a dedicated body “MSME Punjab” for developing micro small and medium enterprises (MSME) clusters. But there is no mention of fund allocation in the budget. The budget also mentions developing 16 specific industrial parks.punjab Updated: Jun 21, 2017 16:05 IST
The Captain Amarinder Singh-led government has made an effort to win over the confidence of industrialists by proposing schemes to expand industrial base in the state and promising big changes in the department functioning. But when it comes to budget allocation, only Rs 209 crore has been proposed for this fiscal.
The government has also made an additional provision of Rs 400 crore for setting up a hi-tech Cycle Valley in Ludhiana.
Besides declaring that the Congress government was coming out with a new industrial policy, finance minister Manpreet Badal said industrial parks and industrial estates would be brought under one agency. He said all amenities, including effluent treatment plants, would be made available in these estates.
The government also announced to set up new industrial hubs in Sangrur and Ludhiana, besides a dedicated body “MSME Punjab” for developing micro small and medium enterprises (MSME) clusters. But there is no mention of fund allocation in the budget. The budget also mentions developing 16 specific industrial parks.
A provision of Rs 5 crore has been made for the construction of roads and development of industrial infrastructure at Rajpura under the Amritsar-Kolkata Industrial Corridor (AKIC) project.
The government has also decided to give Rs 45 crore assistance to Punjab State Infrastructure Development Corporation to discharge debt liability.
Fulfilling the demand of the Ludhiana industry, the budget also proposes setting up of an exhibition-cum-convention centre under PPP mode. The government will spend Rs 5 crore on the project.
STARTUP AND ENTREPRENEURSHIP
The budget proposals also include setting up of technology business incubator at Punjab Agricultural University, Ludhiana, and livelihood business incubators in Jalandhar, Kapurthala, Bathinda and Fazilka. To encourage women entrepreneurs, the government has proposed to start new scheme, ‘WISH’ (Women Entrepreneurship, Innovation, Startups and Handholding) with a total outlay of Rs 2 crore.