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The Punjab Cabinet has approved a new policy for industries and the electric vehicles effective from October 17, 2022 – when the earlier policy period expired – for a period of five years. The industrial policy of the state focuses particularly on the three key sectors – Micro, small and medium enterprises (MSMEs), infrastructure and power. Other major focus areas of the policy are startup and entrepreneurship, large enterprises, innovation, skill development, ease of doing business, fiscal and non fiscal incentive, export promotion logistics, stakeholder engagement and grievance redressal. Under the new policy, the state will develop 15 industrial parks covering general and sector specific requirements of various industrial sectors and 20 rural clusters across the state. About Punjab Chief minister: Bhagwant Mann Governor : Banwarilal Purohit Capital: Chandigarh
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