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Labour Laws Punjab Ministry of Commerce and Industry Punjab Labour Welfare Fund Act, 1965

Punjab Industrial and Business Development Policy, 2022

08-Feb-2023 | PIU/Industrial & Business Development Policy-2022/291

Department of Industries and Commerce, Government of Punjab has issued Punjab Industrial and Business Development Policy, 2022. The policy will be applicable for 5 years from 17th October, 2022 and can be extended further by the State.

The Policy aims to:
i. Promote Punjab as the preferred Investment Destination by accelerating industrial growth and job creation
ii. Accelerate growth of Startups and promoting entrepreneurship by nurturing innovation, improving competitiveness and enhancing capability
iii. Accelerate growth of MSMEs.
iv. Develop world class infrastructure for the industry including quality and affordable power
v. Facilitate availability of skilled manpower to the Industry
vi. Create opportunities for moving up the Global Value Chain
vii. Bring synergy between State programs and Central schemes
viii. Achieve Global scale, Standards and competitiveness in Products and services
ix. Have a Circular and sustainable economy
x. Align targets with Sustainable Development Goals set by UN

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