Punjab industrial policy paves way for power tariff at Rs 5 per unit for 5 years

To boost industrial growth and economic activity, the Punjab cabinet today approved the ‘New Industrial and Business Development Policy-2017’, paving way for the fixing of industrial power tariff at Rs 5 per unit and a one-time settlement of industrial loans.

The creation of a Rs 100 crore fund to promote start-up culture, establishment of a skills university and industry specific skill-development centres, are other highlights of this policy.All skill training schemes in the state will be brought under one agency, the Punjab Skill Development Mission, an official spokesperson said.A cabinet meeting, chaired by Chief Minister Captain Amarinder Singh, gave its nod to the salient features of the policy, including the provision regarding five year fixed power tariff for existing and new industries, he said.

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