New industrial policy: Punjab forms 22 sector-specific panels for inputs
Punjab industries minister Sanjeev Arora said these committees will ensure a structured and collaborative engagement between industry and state govt. Each committee will operate for two years from the date of notification, with the possibility of extension at the govt's discretion. Arora said each committee will comprise 8-10 members. "These committees will advise state govt on issues concerning their sector, suggest changes to the industrial policy, and recommend incentives they seek," he said.
He emphasised the govt's goal to create a policy that benefits all sectors, including the upcoming ones, in terms of advantages like GST or electricity duty. Among the 22 committees, the textile industry will have three dedicated panels. Arora insisted no industry was moving out of the state, although there could be instances where expansions were happening in other states.
The minister highlighted the inclusion of emerging sectors.
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"Electric vehicles are an emerging sector, and 4-5 manufacturers are already operating in the state," he said. "Similarly, logistics and warehousing is growing due to the popularity of online shopping, which benefits the state through GST shares from online billing. Electronic systems design and manufacturing (ESDM) has also been included."
The govt aims to finalise the new industrial policy swiftly, asking for comments from the committees within 45 days.
Each committee will have a chairperson and 8-10 members drawn from the industry, though more members may be added at the govt's discretion. To ensure a comprehensive range of perspectives, members will represent diverse sizes, scales, and geographical locations within the industry, as well as different sub-segments of the overall sector.
Arora clarified that while each committee will conduct its own meetings and discussions, secretariat support will be provided.
An additional district commissioner will act as secretary to the committee, assisted by an official from the department of industries and commerce, and the relevant sector officer from Punjab Bureau of Investment Promotion, who will provide necessary data and information.
NO INDUSTRY MOVING OUT: ARORA
On some textile industrialists from Punjab investing in Madhya Pradesh, Arora said no industry was moving out of the state. "They have expansion plans. If any industry has expansion plans, these can be for going there where raw material is available, and a port is near for import and exports. It would affect us if they are shutting here and moving out. Nobody is shutting here. They are expanding here as well. For instance, cotton is grown in both Punjab and Madhya Pradesh.
If crop is affected in one season, they would want to focus on the other state to avoid freight charges," he said. "The Punjab Agricultural University (PAU) is already trying to find ways to revive the cotton crop," he said.
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