Chandigarh, July 18 -- The Punjab government has decided to form 22 sector-specific committees to engage with the industry for developing a new industrial policy aimed at improving the ease of doing business and accelerating industrial growth. Industry and commerce minister Sanjeev Arora announced that the primary task of each committee will be to assess the current industrial climate in their respective sectors and provide recommendations for the new policy. These recommendations will include both fiscal and non-fiscal incentives, taking into account the state's unique structural and fiscal context. Each committee, headed by experts in the relevant sector, must submit their written recommendations within 45 days of the notification, Arora added. The state government had released its 'Industrial and Business Development Policy 2022' in February 2023. According to Arora, there will be three committees for the textile sector-spinning and weaving, apparel manufacturing, and dyeing and finishing-along with separate committees for sectors like IT, machine tools, sports and leather goods, auto components, heavy machinery, bicycles, electric vehicles (EV), renewable energy, food processing, steel and rolling mills, logistics and warehousing, tourism, pharmaceuticals, healthcare, start-ups, retail, and electronic systems design and manufacturing. Each committee will consist of 8-10 industry members and will initially operate for two years from the date of notification. Arora also met representatives from major industry associations across the state, where he promised policy reforms to support existing industries and attract new investments. Finance minister Harpal Cheema and Rajya Sabha member Vikramjit Singh Sahney were also present. During the meeting, industry representatives expressed gratitude for the government's one-time settlement policy, which allows resolution of industrial plot dues in focal points with an 8% interest rate....