Riding on a spree of initiatives, the Punjab Industries Department has provided massive relief to state industries ravaged by the pandemic.
The Industries Department has acted proactively after Covid hit and initiated several measures including Punjab Right to Business Act, 2020, New Telecom guidelines 2020, District Reform Action Plan 2019-20 besides achieving Disinvestment of PACL realising Rs 40.90 crores, Industries Minister Sunder Sham Arora said on Sunday.
The Department was able to achieve the disinvestment of 33.35 % stakes of PSIDC PACL successfully during the year, Arora added.
Elaborating further on other major achievements, the minister said that the New telecom Guidelines 2020 aligned with ROW Rules of Government of India were notified after approval from CMM and is expected to increase investment in telecom sector in the state, ease of doing business for telecom infrastructure providers and improving connectivity in the state.
Facilitating functioning of industries during Covid-19 pandemic, the Department facilitated the functioning of Industries during Covid-19 pandemic as per the guidelines issued by Department of Home Affairs & justice. General Managers, District Industries Centre facilitated the industries by granting permission/curfew passes. As on today 2, 37, 118 out of 2, 59, 799 of Pre-Covid time units are functional, he added.
Further, to ease the regulatory burden on newly incorporated Micro Small Medium Enterprises (MSME) in the State of Punjab, Punjab Right to business Act, 2020 was notified on 6.2.2020 after approval from State legislative Assembly on 17.1.2020 and subsequently, the Punjab Right to business rules, 2020 were notified on 29.07.2020, the Cabinet Minister remarked.
Under this Act, District Bureau of Enterprise has been empowered to issue Certificate of in-Principal Approval within 3/15 working days to new MSME Units being set up in industrial parks/industrial Zone respectively.
A Bulk Drug Pharma park in an area of 1300 acre involving project cost of about 1800 Crore has been proposed at Bathinda under the scheme of GoI and project has been submitted to Government of India for approval in October.
A green field project with the aim to give an impetus to the emerging need of the Pharma sector in the region in an area of 130.32 acres in village Wazirabad, Fatehgarh Sahib. The project will cater the growing demand of a wide variety of APIs, Formulations cropped up during the COVID-19 Pandemic Gram Panchayat Land of 130.32 acres has been procured and physical possession has also been taken over. CLU has been obtained. Layout has been finalized. A proposal was submitted under TIE scheme of MoCI, GoI for availing the financial assistance of Rs. 20.00 Cr. Preparation of DPR including specification/Cost Estimate of the project is in progress.