LUDHIANA: State industry minister Sundar Sham Arora on Friday claimed that out of several factories of
Mandi Gobindarh which were shut down during previous regime, 15 industrial units have recommenced operations and started production due to present government's new
industrial policy and 31 more will begin operations soon.
Speaking on the development, Arora said "The new industrial policy-2017 implemented by the
Punjab Government has created congenial environment for business and trade activities in the state. The new policy commencement has lead to various incentives accruing to the industrialists besides resulting the resuscitation of the defunct industrial units.
Captain Amarinder Singh led government is fully committed to generating the avenues of industrial advancement as well as employment. due to the reduction in power tariff, 15 units have recommenced operations and started production. After the implementation of the new industrial policy, 31 more units of Mandi Gobindgarh have got power connections reinstalled and increased power load"
Industry minister also added, "During the decade long rule of the previous regime the
steel sector of Mandi Gobindgarh faced horrible times and no efforts were made to infuse life into it. Owing to such hostile circumstances many of the units started migration to the neighbouring states for financial incentives which lead to further decline in the industrial sector of Mandi Gobindgarh. During the course of the past 10 years Fatehgarh Sahib saw rapid increase in the unemployment rate and 183 units shut operations. In the brainstorming meetings conducted by the state government to revive the steel industry of Mandi Gobindgarh, Power Tariff and Quality Power Supply emerged as the main factors because power is considered a raw material for the steel industry. That explains why the State Government decided to go in for Rs. 5 per unit power tariff for the industrial sector"
