Government to implement "best industrial policy" in Punjab
Arora made the statement while inviting greater investment in the state and urged the industrial captains across the country to invest in the state, especially in the textile and other sectors.
On the issue of VAT refunds, the minister said the deliberations have been held with the Finance Department and the government has decided to release funds to the tune of Rs 300 crore every two months with an aim to refund the whole balance by December 2018.
Arora, in a statement here, further said the new policy would give a major thrust to encourage the small and medium industries.
He said during the past a year, the sanction has been accorded for the establishment of many industries at an investment of Rs 9,200 crore, which would provide employment to 50,000 youths in the state.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)