Punjab's new Industrial Policy in Jan will give 'run for money' to other states: Industries Minister Arora
GST
Dated:- 11-12-2025
PTI
New Delhi, Dec 11 (PTI) Punjab will come out with a new industrial policy next month, focusing on ease of doing business and ensuring project clearances in 5 to 45 days across different categories, state Industries Minister Sanjeev Arora said on Thursday.
He also said the government will soon announce a new Private Industrial Park Policy, allowing the private sector to set up industrial parks.
“We are going to announce a new industrial policy by January, and work is on. Whatever we come up with, one would never have seen such a policy before. We will give a run for their money to all other state
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
orea, along with Chief Minister Bhagwant Mann, where they met industrialists and entrepreneurs and NRIs in cities like Tokyo, Osaka and Seoul.
Arora said the new industrial policy will have a robust new scheme of giving clearances to new projects within 5 to 45 days.
He further said under the new policy, green projects or real estate sector projects will be accorded approval in five days, while proposals requiring some change in policy and further approvals will get cleared in 15 or 18 days in separate categories.
Arora said the state government had set up 24 sectoral committees of industrialists and businessmen across the state to examine various issues and submit their recommendations on the new industrial policy. All such panels have
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
on-linked incentive scheme, refund of state GST (SGST) and stamp duty exemption in buying of land,” the minister said.
The minister, who also holds the Power and NRI portfolios, said total investment projects to the tune of Rs 1.5 lakh crore have come into Punjab from 2022 to 2025, which is equivalent to 25 billion US Dollars, and this will lead to employment generation of 5 lakh jobs.
Disclosing details of various industrial houses seeking to invest in the state, he said Vardhaman Steel is seeking to invest Rs 2,500 crore, Nahar Industries Rs 1,500 crore, a Rs 500 crore R&D Centre by Amber Enterprises, Happy Forgings Rs 500 crore, IOL Chemicals and Pharmaceuticals Rs 1,400 crore, Trident group Rs 2,000 crore, Veera Beverages Rs 100 crore
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =