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Punjab takes help of e-commerce

giants to strengthen SMEs

hile governments in The state signs MoUs with dation has been undertaken at the fo-
Punjab have made tall cal points at an investment of around
claims of attracting big- Amazon and Flipkart to 200 crores by the state government.
ticket projects and huge transform small enterprises The recent approval for Right to Busi-
W investments from across into industrial giants, ness Act for MSMEs, amendments to the
the country, the actual growth rate in the Industrial Disputes Act, Factories Act, etc,
industrial sector in the state has been reports bharat hiteshi and the decision to allow Panchayats
still crawling. As the state has not been to partner the state’s industrial devel-
able to attract big investors, the govern- Singh led government to strengthen opment through creation of industrial
ment led by Capt Amarinder Singh has the MSME sector in the state. She parks on Shamlat land are steps in that
decided to adopt a practical approach of referred to the subsidized power tar- direction.
focusing on micro, small and medium iff for industry @Rs 5/unit, incentives Punjab Industries and Commerce
enterprises as engines of growth. on electricity duty and GST, Online Minister Sunder Sham Arora has signed
Additional Chief Secretary Industry Land Ownership, Online Inspection MoUs with key e-commerce giants Ama-
& Invest Punjab, Vini Mahajan has said system and easy access to finance. zon and Flipkart to enable access to new
the state government was committed to To provide this ease to the MSMEs, markets for the Punjab-based MSMEs.
transforming the Micro, Small & Medium the Government of Punjab has part- The Government had signed the MoU
Enterprises into industrial giants in the nered with HDFC Bank to provide with Amazon to enable B2B linkages
coming years. loans to around 700 MSME beneficiar- with key international markets, including
Her observations came at the Pro- ies, amounting to 1,100cr. Under their US, Canada, and key markets in Europe,
gressive Punjab Investors Summit, MoU, the Bank is offering special pric- while, with Flipkart, the government
when she cited the various meas- ing for business loans to all industries had signed the MoU to facilitate access
ures taken by the Captain Amarinder in the state. The infrastructure up gra- for MSMEs to new domestic markets, as

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