The Punjab Congress on Monday rejected the new industrial policy as another disaster for the industrial sector of the state.
State party president Partap Singh Bajwa claimed that while the SAD-BJP government had created such euphoria about the industrial policy unveiled by Deputy Chief Minister Sukhbir Singh Badal on Monday it has failed to provide incentives to the existing industry,which is heavily burdened with taxes and becoming uncompetitive due to high taxes on raw material.
Erratic power supply,forced industrial holidays and high tariff rates are major bottlenecks in growth of industry in Punjab. The deteriorating law and order problem and corruption in government were strong deterrents for investment here. Many manufacturing units were forced close down their units, Bajwa said in a statement.
Claiming that the policy has shattered the hopes of the existing and small scale industry,Bajwa said: It will prove to be the death knell for small scale industry,which is already on the brink of closure. Hundreds of hosiery units in Ludhiana,hand tool industry in Amritsar and Batala,sports industry in Jalandhar and iron industry in Mandi Gobindgarh have already closed down. Most of the existing industry is shifting to Gujarat and the policy will trigger the exodus.
He added that though the Tata group had approached Punjab government for setting up its car manufacturing unit here,it was shifted to Gujarat due to lack of positive response.
Taking a dig at Sukhbir,Bajwa said: Sukhbir is a dream merchant and plays with the emotions of the people. He has failed to deliver his past promises and most projects like Metro for Ludhiana and Mohali and express highways had never seen light of the day.
He went on to ask Sukhbir to give the names of industrial houses that have approached him for investment. He should explain how much was invested in the industrial sector in the last six years and how many industrial units have migrated to other states during the SAD-BJP regime, Bajwa added.