Punjab to implement new Industrial Policy from January 1

Chandigarh, Nov 12 (UNI) The Punjab Government will notify its new industrial policy by January 1, 2009, Chief Minister Parkash Singh Badal announced today.

The policy would ensure level playing field to all investors and entrepreneurs being the stake holders in the process of development and growth of state's economy, he said while presiding the first joint meeting of Large Industry Development and Infrastructure Development Council held at CII North headquarters here.

Mr Badal said that the new industrial policy was being formulated with the recommendations of United Nations Industrial Development Organization (UNIDO) under the guidance of lead consultant Mrs Isher Judge Ahluwalia.

He said that the draft report would be thoroughly discussed by members of the infrastructure development council, large industrial board and small industrial board.

Consequently it would be referred to the group of ministers, headed by local Industry and Commerce Minister, and finally placed before the council of ministers meeting for approval.

The Chief Minister asked the captains of the industry who participated in the discussion to give their suggestions to put the industry on the fast track of growth.

He directed the Principal Secretary, Industries and Commerce, S S Channy to formulate small sectoral groups of different industry viz.

manufacturing, food processing, sports, cycle and cycle parts and steel and forging to redress their grievances in an effective and result oriented manner.

He assured the industrialists that the single window service would be effectively strengthened to provide hassle free approvals and clearances from different quarters for setting up of industrial units within a time frame of 15 days.

He categorically said that inordinate delay in giving clearances to the prospective industrial and entrepreneurs beyond the stipulated schedule would ultimately result in fixing accountability of the concerned functionary.

He said that in case approval was not granted by the concerned department within the prescribed time schedule, system of Deemed Approval had been introduced.

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