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New industrial policy in 2009: Badal

Chandigarh: Punjab Chief Minister Parkash Singh Badal on Wednesday said that new industrial policy would be notified positively by January 1, 2009, to ensure level playing field to all the investors and entrepreneurs being the stake holders in the process of development and growth of State’s economy.

Chairing the first joint meeting of Large Industry Development and Infrastructure Development Council held here at CII North headquarters, Mr. Badal said that the new industrial policy was being formulated with the recommendations of United Nations Industrial Development Organization UNIDO under the guidance of lead consultant Isher Judge Ahluwalia.

He stated that the draft report would be thoroughly discussed by the members of the infrastructure development council, large industrial board and small industrial board. Consequently it would be referred to the group of ministers headed by local Industry and Commerce Minister and finally would be placed before the Council of Ministers meeting for approval.

The Chief Minister asked the captains of the industry who participated in marathon discussion to give their suggestions to put the industry on the fast track of growth.

He directed the Principal Secretary Industries and Commerce S. S. Channy to formulate small sectoral groups of different industry including manufacturing, food processing, sports, cycle and cycle parts and steel and forging to redress their grievances in an effective and result oriented manner.

The Chief Minister assured the industrialists that the single window service would be effectively strengthened to provide hassle-free approvals and clearances from different quarters for setting up of industrial units within a time frame of 15 days. PTI

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