Govt notifies order to promote local industry - Mandi Gobindgarh News

Mandi Gobindgarh News

Mandi Gobindgarh News and Directory

drlalpathlabs.mandigobindgarh@gmail.com

Hot

Post Top Ad

Your Ad Spot

Thursday, November 28, 2019

Govt notifies order to promote local industry


Govt notifies order to promote local industry

Tribune News Service

Chandigarh, November 27

To boost the manufacturing sector by incentivising local value addition, the Punjab Government notified the Public Procurement (Preference to Make in Punjab) Order 2019. The move would ensure a purchase preference to the sector in public procurement done by the state government department and its agencies, besides enhancing income and employment generation.

A spokesperson of the Industries and Commerce Department stated that the Governor had accorded his approval to the order. For the purpose, local content would mean the amount of value added in Punjab which shall be the total value of the item procured minus value addition to the item outside the state, excluding taxes, as a proportion of the total value.

A supplier whose product meets the minimum local content limit as prescribed under the order or by competent departments in pursuance of this order shall be considered local supplier.

Reiterating state government’s commitment to promote and sustain industrial development, Additional Chief Secretary Vini Mahajan expressed confidence that various pro-industry measures initiated by the department would further intensify the ongoing process of comprehensive industrialisation with its benefits accruing to all sections of society.

No comments:

Post a Comment

Post Top Ad

Your Ad Spot