Senior Officers from Ludhiana District representing Punjab Invest held seminar in Hampton Court Business Park
Author(s): City Air NewsParticipating Industrialists having units in Hampton Court Business Park (bottom); From Left to Right: Mr NA Khan, Mr Mahesh Khanna GM DIC & Sanjeev Arora Managing Director Ritesh properties & Industries Limited...
Ludhiana, January 12, 2019: Senior Officers from Ludhiana District representing Punjab Invest held seminar recently in Hampton Court Business Park. Mr Mahesh Khanna GM DIC Ludhiana along with his team briefed all the industrialists about recent Industrial Policy announced by Punjab Government.
He explained in detail on incentives like subsidy in shape of refund on GST, IGST, Electricity Duty and more sops being given under this policy. In new policy all the incentives can be applied on line through Punjab Invest portal, thus avoiding any bureaucratic delays. All units which have started production after October, 2017 are eligible for the incentives under this policy.
Mr NA Khan Lead Banker explained Industrialists how it is easy to get loan under new scheme launched by Prime Minister. Under this scheme in 59 minutes loan up to a amount of 1.00 Crores is sanctioned after the application is submitted online. He said 400 MSME units have applied till now from Ludhiana and 70 out of them have been sanctioned & disbursed.
Present at Seminar were Sanjeev Arora, Managing Director Ritesh Properties & Industries Ltd, Roop Kishore Director Ritesh industries Ltd, Mahesh Khanna GM District Industries Centre, NA Khan from Punjab & Sind Bank & all the industrialists having units at Hampton Court Business Park.
Next meeting is going to happen on 18th of January so that all of the aspirants can get their units registered under New Industrial Policy to avail of incentives. Mr Sanjeev Arora thanked efforts of Punjab invest & also thanked industrialists for participating in seminar.