Punjab govt approves new industrial policy ahead of investors summit on Feb 23-24
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...
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