Monday, August 2, 2021

More than 90 per cent of MSME units have resumed functioning, says Sundar Shyam Arora

Owing to several key initiatives taken by Captain Amarinder Singh Government, 2,34,072 units of total 2.6 lac involving 15.78 lac workers have resumed their operations and economic activity, Industries Minister Sunder Sham Arora said here today.

Over 90% of units have already started functioning, Arora said, assuring all aggressive assistance from the state to manage and alleviate Covid induced stress.

Referring to various initiatives taken by the Government during Covid, Arora said in order to give relief to the industries PSIEC had announced extension in time period of Amnesty Scheme besides announcing an OTS Schemes of PSIDC and PFC.

To provide relief to the loanee/promoted companies of PSIDC and PFC and facilitate overall development of industry in the State of Punjab, State Govt has extended the One Time Settlement Policy (OTS) for equity and loans-2018 approved by CMM in its meeting held on 3.12.2018 up to 31.12.2020, he added.

Further, Fiscal incentives under various policies: including the IBDP-2017, 56 Large and MSME Industrial Units with an investment of Rs. 5844.87 Cr. were considered and granted fiscal Incentives amounting to Rs. 1090.41 Cr.

MUST READ  Haryana 'Parivar Pehchan Patra' scheme impresses British High Commissioner

The Minister further said that similarly, under the 2013 Industrial policy 12 Industrial Units with an investment of Rs. 468.02 Cr. have been given fiscal incentives of Rs. 478.91 Cr. Under old policies of 1989, 1992, 1996 and 2003 168 units have been given incentives of Rs 26.01 Cr. Industrial power subsidy amounting to Rs. 3522.41 Cr. has been released to PSPCL.

We have also brought One-Time Amnesty Scheme for boilers for users which are operating without following the provisions contained in the Boilers Act, 1923 and the Indian Boiler Regulations, 1950, and without due approval of the state to get their boilers which are at present running to get regularized with the department.

Referring to various labour reforms announced by the Labour Department, Arora said that Fixed Term Employment was allowed for the benefit of Industry as well as labour besides exemption for all MSMEs and industrial units employing up to 100 workers from the applicability of Industrial Employment (Standing Orders) Act, 1946.

MUST READ  Construction workers in the age group 18 to 44 years to get COVID-19 vaccine from tomorrow

Amendments in Factory Rules was done to do away with the requirements of ambulance room for units employing up to one thousand workers and to exempt any factory from the requirement of ambulance room, if there is empanelment of hospital or nursing home of minimum beds at travel distance not more than 2 km from the factory and also there is a provision of ambulance van in the premises of factory.

MUST READ  Smart playgrounds to come up in Punjab govt schools

After the creation of congenial atmosphere for investment in state, Punjab Government has been able to persuade new investment to the tune of Rs. 67,985 crore in the period of 2017-2020 as compared to 31,323 crore in 2012-2017. The Cabinet Minister said that incentive of Rs 1090 crore has been provided to industrial units under the policy of 2017.  He further divulged that power subsidy in tune of Rs 2920 crore has also been provided to industrial units, besides Rs 525 Crores have been spent on improvement of industrial infrastructure.

         Mr. Sunder Sham Arora informed that state government also approved 6 industrial clusters in state with the investment of Rs. 89.16 crore as previous government had set up only one cluster with 14.07 crore.

Latest news

Tokyo Olympics: Two friends, Tamberi of Italy and Mutaz Barshim of Qatar, decide to share gold for high-jump

The Italian high jumper leaped into his rival's arms, then belly-flopped onto the hard track, rolled around a few times and screamed. Gianmarco Tamberi was...

Kuch kuch hota hai with Delhi ‘O’ Delhi’s khasta kachori

Newtown in Sydney with its bohemian neighbourhood, is a vibrant  suburb. It is where Chris Martin from Coldplay was  seen wandering causally in his music video(...

Jacobs becomes world’s fastest man, claims shock 100m gold for Italy

Italy's Lamont Marcell Jacobs claimed a shock gold in the Olympic 100m final, after Great Britain's Zharnel Hughes was disqualified for a false start. Jacobs,...
MUST READ  Education Minister Vijay Inder Singla inspects ground reality prior to reopening the schools

False starts cost hurdler Liz Clay a chance at 100m gold

Australian hurdler Liz Clay has taken to social media to express her frustration over multiple false starts in her semi-final. Clay was devastated on Sunday...

Related news

Tokyo Olympics: Two friends, Tamberi of Italy and Mutaz Barshim of Qatar, decide to share gold for high-jump

The Italian high jumper leaped into his rival's arms, then belly-flopped onto the hard track, rolled around a few times and screamed. Gianmarco Tamberi was...

Kuch kuch hota hai with Delhi ‘O’ Delhi’s khasta kachori

Newtown in Sydney with its bohemian neighbourhood, is a vibrant  suburb. It is where Chris Martin from Coldplay was  seen wandering causally in his music video(...

Jacobs becomes world’s fastest man, claims shock 100m gold for Italy

Italy's Lamont Marcell Jacobs claimed a shock gold in the Olympic 100m final, after Great Britain's Zharnel Hughes was disqualified for a false start. Jacobs,...

False starts cost hurdler Liz Clay a chance at 100m gold

Australian hurdler Liz Clay has taken to social media to express her frustration over multiple false starts in her semi-final. Clay was devastated on Sunday...

Shane Warne tests positive for Covid-19 in England

Shane Warne has tested positive for COVID-19 while coaching in English cricket tournament The Hundred. Warne, London Spirit's head coach, felt ill ahead of a...

Twitter boss Jack Dorsey to buy Afterpay for $39 billion

The two Australian founders of Afterpay are set to sell their company to an American finance firm for a whopping $39 billion. The eye-watering deal...

South-east Queensland extends lockdown till Sunday

Queensland reported 13 new community cases of COVID-19 today, triggering a longer lockdown in the state's south-east which will now run until Sunday as...

“No Political Agenda”: JU’s Nitish Kumar on meeting Om Prakash Chautala

Bihar Chief Minister Nitish Kumar on Sunday met Indian National Lok Dal (INLD) chief Om Prakash Chautala in Delhi. JD(U) principal general secretary KC Tyagi...