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Time of India
4 days ago
- Business
- Time of India
Punjab chief minister Bhagwant Mann and AAP national convener Arvind Kejriwal launch 24 industrial advisory panels
Chandigarh: Punjab chief minister and (AAP) national convener on Friday jointly launched 24 sector-wise industrial advisory committees, terming it as a new approach to industrial policy-making in the state. Tired of too many ads? go ad free now Kejriwal described the move as a "reverse trend", where the govt will no longer dictate terms but will instead implement decisions made by industrialists through these new bodies. He claimed that 99% of the decisions formulated by these committees would be put into practice. Kejriwal also accused previous govts of coercing industrialists, which he said drove industries away and pushed the state into a crisis. He added that 99% of the recommendations by the committees will be implemented to make Punjab the best industrial destination. During the event, CM Mann highlighted that the idea for these committees was born out of govt-industry consultations held in Sept 2023. He said each committee would be responsible for drafting detailed strategies tailored to its specific industrial domain. Mann asserted that while preparing the New Industrial Policy, these committees will ensure equal partnership from industry stakeholders. Mann urged all industrialists to actively contribute ideas and share their valuable suggestions in formulating industry friendly policies. The CM called on the industrialists to ensure that their recommendations reflect Punjab's industrial strengths, realistic challenges, and financial context. He said each committee would consist of a chairperson, a member secretary, and officials from the Punjab Bureau of Industrial Investment and District Industries Centres. Mann said the state govt ensured representation from large units, MSMEs, sub-sectors, and all regions to ensure inclusive decision-making. Tired of too many ads? go ad free now Kejriwal said the Mann-led AAP govt had taken steps to revive and grow the industrial sector. He lauded the Fast Track Punjab Portal as India's most advanced single-window clearance system, offering over 150 business services and eliminating the need for offline applications. Furthermore, he noted that under the Punjab Right to Business Act, investment proposals of up to Rs 125 crore can now receive in-principle approval within just three days. MSID:: 123188795 413 |
Time of India
13-06-2025
- Business
- Time of India
‘Ideas Yatra' to identify 1L startup concepts across state
Patna: The Bihar Ideas Festival was launched on Friday during jointly by the department of industries, the Chandragupta Institute of Management Patna (CIMP) and a startup. The flagship event – the Bihar Ideas Yatra – is a 45-day campaign aimed at nurturing entrepreneurial spirit in every district with special focus on women, rural youth and aspiring innovators. The mission is to enable the creation of 10,000 new enterprises across the state by selecting promising ideas, offering mentorship, building investor linkages and facilitating access to seed funds under the Bihar Startup Policy 2022. Industries minister Nitish Mishra announced the launch of the Bihar Innovation Board, which has already received 1,700 innovative ideas. "The number of registered startups in Bihar has nearly tripled – from 586 in 2024 to 1,522 today," he said. He invited the public to suggest policy reforms during the yatra and assured that seed funds, micro-initiatives and investor linkages would be implemented. Shradha Sharma, founder and CEO of the startup, stressed the importance of taking entrepreneurial opportunities beyond Patna. "We must include every woman, youth and dreamer in the state's progress," she said. Now onboarded as a mentor at CIMP, Sharma will assist emerging founders through visibility, mentorship and storytelling. CIMP director Rana Singh highlighted the institution's role in guiding entrepreneurs. "We are committed to mentoring young innovators and providing them the tools to transform ideas into viable businesses," he said. A highlight of the festival is the 38-District Startup Discovery Bus Yatra, which will gather over 1 lakh raw ideas from students, artisans, women entrepreneurs and micro-enterprises. The campaign will be supported by local networks including college e-cells, District Industries Centres (DICs), KVIC and MSME offices. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
