Punjab Cabinet okays new industrial policy, to develop 15 parks
Infra, power, MSMEs focus areas | Industrial township planned Punjab Cabinet headed by Chief Minister Bhagwant Mann today approved the New Industrial and Business Development Policy, 2022, aimed at spurring industrial development and creating employment opportunities in the state. The new policy would be applicable for five years from October 17, 2022. The policy is […]Read More
Caught in Russia-Ukraine crossfire, Punjab exporters peg losses at Rs 1,000 crore
The exporters’ community of Punjab finds itself caught in the Russia-Ukraine crossfire. Amid uncertainty, the community apprehends deferral of payments for exports as various consignments to these two countries are either on hold or stuck at ports. Payments stuck State manufacturers export plastic, rubber, garments, hosiery, fertilisers, agriculture implements, scaffolding and hand tools to Russia […]Read More
Ukraine crisis: Punjab industry fears impact on business
The imports from Russia include crude oil and minerals of Rs 2,8050 crores, fertilizers (Rs 3,014 crores), vegetable oils and fats (Rs 1,979 crores), rubber and plastic products of Rs 1,464 crores, among others. Russia’s military assault on Ukraine is likely to have a direct impact on Punjab’s hosiery and bicycle industry. While the hosiery […]Read More
Punjab industry cries foul as power shutdown extended by a day
UPDATED ON JUL 08, 2021 02:09 AM IST With many factory owners willing to pay penalties to keep their units running, PSPCL increases fine for violation of orders by two-and-a-half times. Manufacturers in Punjab on Wednesday condemned the decision of the Punjab State Power Corporation Limited (PSPCL) to extend the three-day shutdown on industrial […]Read More
