The implementation of new industrial policy has breathed new life into several defunct units of Punjab. About 15 units of Mandi Gobindgarh have recommenced operations, while 31 more have reinstalled power connections and increased power load.
“The new industrial policy-2017 implemented by the Punjab Government has created congenial environment for business and trade activities in the State. The new policy commencement has lead to various incentives accruing to the industrialists besides resulting in the resuscitation of defunct industrial units,” said the state Industry and Commerce Minister Sunder Sham Arora on Friday.
Additional Chief Secretary, Industry and Commerce, Vini Mahajan said that many incentives have been announced for the new and present industries in the new policy. “During the past two years, 254 new construction units and 390 already existing units have started production leading to the direct job avenues for 3112 persons,” she said.