Chandigarh, Feb. 4 -- Making a timely move, the Punjab Cabinet on Friday approved its new industrial and electric vehicle policies as it is set to host an investors' summit on February 23-24, 2023 in Mohali.

Chaired by the Chief Minister Bhagwant Mann the policies were approved in a meeting of the Council of Ministers.

Laying thrust on key focus areas, the new Industrial and Business Development Policy (IBDP)-2022 policy offers a slew of incentives for various sectors, such as infrastructure, power, and MSMEs among others.

The cabinet also approved the Punjab Electric Vehicle Policy (PEVP)-2022 with a move to check the environmental pollution due to emission from vehicles.

It aims to reduce vehicular emission, create infrastructure, m...