3 Industrial Development Boards set up in Punjab

The Punjab Government today announced the formation of three Industrial Development Boards - one each for Large, Medium and Small Scale entrepreneurs.

CHANDIGARH: The Punjab Government announced the formation of three Industrial Development Boards - one each for Large, Medium and Small Scale entrepreneurs - for directly involving the leading players from Industry in the decision making processes of the government and to create the right psychological climate for an industry-friendly future in the state.

Simultaneously, two Traders Boards - -one each for Large Scale and Small Scale traders - have been set up for encouraging and promoting trade activity in the state as also to involve representatives from the world of trade of all levels in facilitating and promoting business and trade in the State, Media Advisor to Chief Minister H S Bains said here this evening.

The Chairmen of Medium and Small Scale Industry Board will enjoy the status of Cabinet Minister while their Vice Chairmen will be in the rank of a Minister of State. Similarly, the Chairmen of the two Traders Boards shall also have the status of Cabinet Minister while their Vice Chairmen shall enjoy the status of Minister of State.

Bains said that it was for the first time that such boards have been set up for better coordination between business, trade and industry on one side and the government on the other in order to fulfill a promise made by the SAD-BJP alliance during the 2007 assembly election manifesto.
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