The Punjab Cabinet Friday approved its new industrial and electric vehicle policies, the move coming three weeks ahead of an investors’ summit planned by the state government on February 23-24 in Mohali.
The policies were approved in a meeting pf the Council of Ministers chaired by Chief Minister Bhagwant Mann.
The new Industrial and Business Development Policy (IBDP)-2022 policy offers a slew of incentives for various sectors, has infrastructure, power, and MSMEs among others as its key focus areas and lays thrust on creating an enabling environment for the industries and businesses for balanced economic growth, job creation and overall development of the state.
