Ludhiana approves fiscal incentives worth Rs. 1445.26 Lakh since April 2024 for Industries  

Ludhiana, January 9, 2025: A meeting of the district-level committee, led by Deputy Commissioner (DC) Jitendra Jorwal, held today to review cases for in-principle approval under the Right to Business Act, 2020. This includes regulatory clearances and fiscal incentives, such as electricity duty, CLUs/SGST and stamp duty exemptions, for setting up or expanding industrial units in Ludhiana.

DC Jitendra Jorwal disclosed that since April 2024 to till date, Ludhiana has granted in-principle approval to 67 new industries under the Right to Business Act. Additionally, incentives totalling Rs. 1445.26 lakh have been approved for 29 cases under the Industrial and Business Development Policy (IBDP), 2017. These incentives include exemptions related to electricity duty and stamp duty to support the establishment of industrial units in the region.

Jorwal emphasized that one of the significant achievements of the policy is the simplified approval process for micro, small, and medium enterprises (MSMEs). All new projects or those involving expansion and modernization can apply through the “Business First” portal to obtain regulatory clearances and fiscal incentives online in a timely manner. He also mentioned that under In-Principle Approval, units can commence construction activities immediately, with regular approvals required within 3.5 years from the date of approval issuance.

The Deputy Commissioner further noted that these new units will generate employment opportunities for thousands of youth. He reiterated the Punjab government’s commitment to promoting ease of doing business, transparent and responsive administration, and providing robust infrastructure and transportation, which have collectively fostered a conducive environment for business growth. 

Additionally, officials from various departments, including Industry and Commerce, Housing and Urban Development, Local Government, Labour, Factories, Punjab Pollution Control Board (PPCB), Punjab State Power Corporation Limited (PSPCL), Forest, Public Works Department (B&R), Taxation, and Punjab Small Industries Export Corporation hold weekly meetings to receive, process, and grant the statutory clearances, approvals, and no-objection certificates (NOCs) required by industrial units through the existing Invest Punjab’s Business First portal in a timely manner. Regular follow-ups on regulatory clearances are diligently conducted with the relevant nodal officers, ensuring consistent feedback is provided to government officials and industrialists, he added.