Chandigarh, June 27 -- Taking a step toward industrial reform and administrative efficiency, the Punjab Cabinet on Thursday approved two crucial policies - the conversion of leasehold industrial plots to freehold, and permission for change in land use (CLU) of industrial plots for non-industrial purposes. These long-awaited measures are expected to unlock economic potential across the state's industrial belts.
The state's New and Renewable Energy Minister Aman Arora, addressing the media alongside Industry Minister Tarunpreet Singh Sond after the Cabinet meeting, said that these reforms were introduced in response to persistent demands from industrialists and entrepreneurs. "These decisions will simplify business operations, boost investme...