Punjab, STC to sign MoU to stabilise domestic steel prices
To stabilise domestic steel prices state-owned Punjab Small Industries & Export Corporation (PSIEC) will enter into an agreement with State Trading Corporation (STC) next month.
By PTI |
CHANDIGARH: To stabilise domestic steel prices state-owned Punjab Small Industries & Export Corporation (PSIEC) will enter into an agreement with State Trading Corporation (STC) next month.
The move is aimed at providing raw material to the steel consuming industries, especially small and medium enterprises of the state at a reasonable price.
"Under this initiative, PSIEC and STC will jointly work out a system whereby the efforts would be made to stabilise the prices of steel and then supply it to the steel consuming industry of SME sector of the state," Punjab's Principal Secretary (Industry & Commerce) A R Talwar told reporters here on Thursday.
Hoping to sign the agreement next month, Talwar said both the corporations would evolve a system through which the raw material could be procured from different sources to check the prices of steel and other materials.
Presently, PSIEC is one of the resources available to SMEs for getting raw material for consumption.
To encourage the private participation for setting up Inland Container Depots and Container Freight Station, the state government has decided to offer incentives in the shape of reduced Change in Land Use (CLU) charges.
"So far, we have received proposals for setting two ICD in Amritsar and Ludhiana for which three companies have applied," he said.
To ascertain the potential for exportable items in the state, Punjab government is conducting a study through Indian Institute of Foreign Trade. "The survey will highlight the items which have potential for export from Punjab," he said.
The move is aimed at providing raw material to the steel consuming industries, especially small and medium enterprises of the state at a reasonable price.
"Under this initiative, PSIEC and STC will jointly work out a system whereby the efforts would be made to stabilise the prices of steel and then supply it to the steel consuming industry of SME sector of the state," Punjab's Principal Secretary (Industry & Commerce) A R Talwar told reporters here on Thursday.
Hoping to sign the agreement next month, Talwar said both the corporations would evolve a system through which the raw material could be procured from different sources to check the prices of steel and other materials.
Presently, PSIEC is one of the resources available to SMEs for getting raw material for consumption.
To encourage the private participation for setting up Inland Container Depots and Container Freight Station, the state government has decided to offer incentives in the shape of reduced Change in Land Use (CLU) charges.
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"So far, we have received proposals for setting two ICD in Amritsar and Ludhiana for which three companies have applied," he said.
To ascertain the potential for exportable items in the state, Punjab government is conducting a study through Indian Institute of Foreign Trade. "The survey will highlight the items which have potential for export from Punjab," he said.
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