State Govt worried about industry shifting: Minister
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The government is seriously concerned about the shifting of industry to outside states and keeping that in mind, a new industrial policy is being framed which will have something for everyone. This way the state will promote industry and make them stay in Punjab only. This was remarked by Industry Minister Anil Joshi while speaking at the annual general meeting (AGM) of United Cycles Parts And Manufacturers Association (UCPMA).
"I am aware of the efforts being done by industry to set up their units outside Punjab because of better packages. We will not let them move out so easily," he said.
Joshi, however, did not give any deadline for the reliefs if any. The industrialists remarked that the state, after imposing many taxes and even creating so many formalities, has make industry roam in government offices only.
UCPMA President Gurmeet Singh Kular said, "You have put the lion in a cage and have also kept a meal outside the cage. So the lion will stay hungry only. For optimum results, you need to open the cage and see the results. Our industry will be at number one once again."
Regarding value added tax VAT refunds, he stated that they would be made online within three months and the woes of traders would come to an end this way. The industry minister made the promise this afternoon.
"When traders are filing the returns online, the refund should also be given to them the same way. So we are upgrading our system and the same will be implemented soon," he asserted.
Meanwhile, the industry representatives asked the minister to allow owners of sick units to sell their units. In many such cases, the land was given by the government off the shelve and, hence, they are not allowing them to sell the land.
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