Punjab Chief Minister Capt 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 and Amritsar.
The directive followed a request for immediate release of the subsidy by a delegation of the PHD Chamber of Commerce and Industry, which called on the Chief Minister 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, Capt Amarinder 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, Capt Amarinder urged the delegation to come forward with more innovative inputs for the revival of industry.
The Chief Minister told the delegation that new industrial policy, under formulation, would have provisions to attract entrepreneurs from across the country.