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Jalandhar Administration approves massive incentives for 10 newly established Industries

Jalandhar, May 19, 2022 (Yes Punjab News)
Reflecting upon its commitment to extend maximum support to investors, District Administration Jalandhar today approved massive incentives to as many as 10 business houses for setting up their industries in Jalandhar by making investments worth 2727.93 lakhs.

Chairing the meeting of a district level committee set up under Industrial and Business Development Policy 2017 and Fiscal Incentives for Industrial Promotion 2013, Deputy Commissioner Ghanshyam Thori on Thursday approved incentives ranging from 100 percent electricity duty exemptions to CLU charges exemptions to stamp duty and VAT & GST waivers.

The DC said that the industries that received incentive in today’s meeting included DeeEss Industries, Wonderland Farms, Gold Range Castings Private Limited, Divinity Wellness Private Limited, Nivia Synthetic Private Limited, JK International, RajHans International, Kohinoor India Private Limited, Sant Valves Private Limited, and Sharp Chucks & Machines Private Limited. With today’s approval, all incentive cases have been cleared and no case is pending with district level committee, he added.

Divulging the details, the deputy commissioner said that these industries have made investment worth Rs. 2727.93 lakhs in Jalandhar by establishing new industrial units adding that the district administration was committed to help investors in establishing their new units.

He said that no stone would be left unturned in this task and an elaborate mechanism was already put in place to assist industries under which prompt approvals are being granted for new units under Business First Portal. Recently, many such NOCs have been given to business houses in a smooth and hassle-free manner so that they can start their industries at the earliest.

He urged the business community to bring maximum investments in the district as the administration has already created an industry-friendly environment in the district. Their investments would not only put Jalandhar on a high-growth trajectory but also open up new vistas of employment, he added.

Prominent amongst others present on the occasion included Assistant Commissioner Harjinder Singh Jassal, GMDIC Deep Singh Gill, FM DIC Manjit Lally, DBIIP Sr. Consultant Stephen SJS, BFO Paras Malhotra, and others

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