Ludhiana, Feb. 24 -- The industrial sector in Focal Point Phase-8 is grappling with severe challenges due to the Punjab Small Industries & Export Corporation (PSIEC) enhancement pendency, which has stalled all financial transactions and hindered industrial growth. Banks and financial institutions demand a clearance certificate from PSIEC, preventing industries from securing loans or expanding operations. As a result, industrialists are unable to leverage the Invest Punjab policy, which was introduced to facilitate industrial growth in the state.

Recognising the urgency of the matter, a delegation from the Federation of Industrial and Commercial Organisation (FICO), led by president Gurmeet Singh Kular and vice-chairman Vipan Mittal, met ...