PHD Chamber welcomes the Punjab Government’s Budget for Year 2019-20

PHD Chamber welcomes the Punjab Government’s Budget for Year 2019-20

 

 

Chandigarh 18 February 2019: Shri R S Sachdeva, Chairman, Punjab State Chapter, PHDCCI welcomed the Punjab Government’s announcement to reduce the Petrol and diesel rates in the State. He also welcomed the initiative of increasing  E-Way limit from Rs. 50,000 to Rs. 1 lac.

He further said that the city of Amritsar occupies a unique status, not only in Punjab but internationally. Government has announced sum of Rs. 10 crore in the budget for the planning of the iconic city.

He said, Goods manufactured and produced in Punjab will be given preference. He also appreciated the new policy, titled “Make in Punjab” to  promote goods manufactured and produced in Punjab. As per this policy, in a public procurement order, purchase preference shall be given to the local suppliers upto 50% of the total quantity.

Mr. Karan Gilhotra, Co-Chairman, Punjab State Chapter, PHDCCI welcomed the Budget announcement for revival of Mandi Gobindgarh region. But he regretted that the Government has not reduced the electricity duty for industry.

However, he mentioned, within the means Government has done its best and we welcome the initiatives taken for Budget for the year 2019-20.

 

 

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