While marketing the new industrial policy Monday,Deputy Chief Minister Sukhbir Badal ran down the old one also framed by his own government in 2009 and described the single window system – the last two policys only USP – as just a sham.
There was no single window system in the true sense. There was a screening committee and an empowered committee to vet the proposals. We will eliminate all these committees. Till now approvals were needed from nine to ten boards and departments,including the pollution control board,power board and town and country planning department. Now,the application and approvals will move online and a nodal department comprising officers from all concerned departments will function under one roof. We are in the process of streamlining the process and it will be brought before the cabinet in the next 15-20 days, he said.
Disbanding the old policy,he described the new one as proactive,incentive-based and aggressive. We are a land-locked state and have suffered owing to tax incentives offered to our neighbouring states. To attract industry,we need to focus on incentives. These have to be targeted towards priority areas such as food processing and integrated textile parks and kandi and border areas, he added.
Industry bodies hail new industrial policy
The Confederation of Indian Industry (CII),Northern Region,Monday s termed the new industrial policy of Punjab as a forward looking charter,which would redefine industrial progress of Punjab in coming times.
Creation of industrial zones,especially keeping the border areas and designated industrial areas and focal points in priority zones is a welcome step, Jayant Davar,chairman,CII,Northern Region,said.
Meanwhile,Rajiv Bali,Chairman,Punjab Committee,PHD Chamber,said that the new industrial policy announced by Punjab government shall put the state on growth trajectory and would attract investors not only from within the state,but from outside also. The new policy,which is proactive,progressive,practical,and incentive-based, said Bali.
PHD chamber co-chairman,however,said owing to land scarcity,the already existing industry too could have been extended some incentives for expansion.