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Budget 2021-22 to give impetus to industrial growth in state: Sunder sham Arora

Hails development oriented budget by Captain Government

Chandigarh, (Gurpreet) : The Industries and Commerce Minister Punjab Mr. Sunder Sham Arora today envisioned that the Budget 2021-22 tabled by Punjab government led by Chief Minister Captain Amarinder Singh in the house would further give impetus to the industrial growth in the state.

In a statement issued here today, the Minister said that the Industrial & Business Development Policy in 2017 (IBDP-2017) had created an investor friendly regulatory environment aimed at Ease of Doing Business. He said that as a result of this progressive policy, the State has received 1,726 proposals with proposed investment of about Rs. 71,262 crore during the last 4 years and leading to employment generation of around 2.7 lac persons. Mr Arora said that to further facilitate the investor at door-step, facilitation offices for investors at District level- District Bureau of Industry & Investment Promotion (DBIIP) offices have been set up in each district.

The Minister said that as a part of decriminalization of the various laws associated with Industry and investments, the Government proposes to constitute an Oversight Committee with senior officers of concerned line departments and delegating the powers of approving criminal actions against the erring units to the Commit