Punjab state in India to unveil new industrial policy

04 Aug '18
1 min read

The Punjab state government in India will soon unveil a new industrial policy to offer relief to industry from state goods and services tax (GST), property tax, electricity duty and stamp duty, according to state industry and commerce minister Sunder Sham Arora. He called for greater investment in the state, especially in the textile sector.

The new policy will also offer a chance of one-time, lump-sum settlement for sick industrial units, a news agency report quoted the minister as saying.

The draft policy will soon be put up before the state cabinet for approval, he added. (DS)

Fibre2Fashion News Desk – India

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