Monday, 19 March 2018 06:31 GMT

India- Punjab Government proposes new Common Facility Centres for industrial clusters

(MENAFN - KNN India) Punjab Government proposes new Common Facility Centres for industrial clusters

New Delhi, Feb 9 (KNN) With an aim to modernize the Micro, Small and Medium Enterprises (MSMEs), the Punjab government has decided to set up common facility centers for 20 industrial clusters in the state.

The industrial clusters includes oil expeller and parts, wire drawing, tractor parts, bicycle and parts, sheet metals, hand tools in Ludhiana, metal cluster, advanced machinery cluster, IT in Mohali, auto parts, hand tools, sports in Jalandhar.

States Industries and Commerce director DPS Kharbanda said 'We have planned 20 CFCs for different industry clusters in the State for the MSME sector. As per the industry requirement CFCs will be equipped with testing labs, modern machinery, marketing centres and other supportive capacity.

The Centre will give maximum amount of Rs 15 crore for setting up CFCs under the cluster development scheme.

10% amount of expenses will be borne by industry and rest 90% will be borne by both centre and state.

He added that the state government may also provide land for the setting up of the CFCs.

Andhra Pradesh which is known for the development of industry clusters , an expert from there will be called to put some light on the benefits of cluster development and common facility centres to the local industry.

Besides this, government has also decided to deploy special officers for the 11 industrial sectors, including food processing, health care, repair and maintenance in defence, machine tools, light engineering, to address any issue or concerns of the new investors.

'We are moving ahead with a focused approach on certain industrial sectors in order to attract new investments and implementation of the new projects in the state, Kharbanda said.

Punjab has already signed MoU with investments proposals worth Rs 47,000 crore in the past few months in different industry verticals. He further added that it has become important to ensure that investments would take place in the state with regular follow ups and weekly review of new investment proposal.

Apart from offering power at the rate of Rs five per unit, Punjab Government has also decided to offer investment subsidy by way of reimbursement of net state goods and service tax (SGST), exemption from electricity duty, stamp duty and property tax, change of land use charges depending upon size of investments and industry verticals. (KNN/YV)


India- Punjab Government proposes new Common Facility Centres for industrial clusters

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