Assocham, Yes Bank present recommendations for Punjab’s Industrial Policy
Industry body, Assocham and Yes Bank presented the recommendations for new Industrial Policy of Punjab to the Chief Minister of Punjab, Prakash Singh Badal here today.
The draft industrial policy jointly brought out by the associated Chamber and commerce and Industry of India (ASSOCHAM) and Yes Bank was released by Ashok Khanna, Chairman ASSOCHAM Entrepreneur Development council, D S Rawat, Secretary General ASSOCHAM and Tushar Pandey, President and Country Head, Strategic Initiatives, Government and Advisory (SIGA), Yes Bank here today.
While addressing the conference Rawat said the recommendations were presented to ensure that the views of the industry members are incorporated in the renewed industrial policy about to be announced by the Punjab Government to attain rapid and sustainable growth and development in the state.
Pandey said that apart from developing and attracting few large scale industries in the State, there is a need to develop the MSME sector. Punjab being a proven starting base for Micro, Small and Medium Enterprises (MSMEs), needs to take steps to enhance their growth prospects. The intention should be to try and make MSMEs a partner in the progress of the State. Also, adequate steps need to be taken to develop R&D centers to accelerate innovations. There needs to be an institutionalized framework for these industries with adequate exposure to the latest technologies and business practices available internationally.
The key recommendations proposed jointly by Assocham and Yes Bank in the policy towards making Punjab a more investor friendly state,
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