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Monday, 28 December 2020

Industries Minister: Rs 40 cr earned from PACL divestment

Tribune News Service

Chandigarh, December 27

Industries Minister Sunder Sham Arora has claimed that his department acted proactively and provided relief to the industry hit hard by the Covid pandemic.

"The department took several measures. To name a few, it introduced the Punjab Right to Business Act, 2020, New Telecom Guidelines 2020 and District Reform Action Plan 2019-20, and divested the Punjab Alkalies Chemicals Limited (PACL), realising Rs 40.90 crore," he said here on Sunday.

The other achievements of the department, the minister said, were that the telecom guidelines 2020 aligned with the Right of Way (RoW) Rules of the Centre were notified after an approval from the Council of Ministers. "This is expected to increase investment in the telecom sector, give boost to ease of doing business for telecom infrastructure providers and improve connectivity in the state."

Under the Punjab Right to Business Act, the District Bureau of Enterprises has been empowered to issue certificates concerning in-principal approvals within three to 15 days to new MSME units being set up in industrial parks and zones.

from The Tribune

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