Industry body calls for incentives to boost demand for industrial park in Amritsar

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To give boost to industrial growth in Amritsar, the administration is providing incentives to industries to transfer to organised industrial park relatively than working from unlawful areas.

According to Simarjot Singh, GM, District Industries Centre, the state authorities is giving tax vacation, rebate on electrical energy payments and spending on infrastructure to organise the industrial sectors.

“We are coming up with industrial land parcels and giving attractive offers such as rebate in stamp duty so that industries comes and put up the facility. We are also spending on developing infrastructure to support the development,” Singh mentioned.

The builders, nonetheless, really feel that other than giving incentives to new industries, the administration must also provide reductions to those that need to shift from a residential space to an industrial space.

“If someone wants to shift to an industrial area, there should be enough incentives for them to move. This will overall boost the industrial area of the country and it will help us in long run,” mentioned Santosh Agarwal, chief monetary officer, Alpha Corp.

Alpha Corp Model Industrial Park, an Industrial Township in 135-acre in Amritsar is allotting land to native industries.

The Industry division mentioned that varied services and facilities has thoughtfully designed in the industrial park and these are conveniently positioned to guarantee consolation and straightforward use by all.

The Model Industrial Park contains plots raging in sizes from 250 sq. yards to 5,000 sq. yards, giving entrepreneurs the selection to select the plot related to their enterprise and business.

“State and central government can join hands to develop Amritsar and Punjab into a hub of industries. While many tourists come to Amritsar, it’s industrial capacity has not been pushed aggressively. The incentives to industries can put the state ahead,” mentioned Karan Gilhotra, Chairman, Punjab Chapter, PHDCCI.

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