Budget will increase investment in industries: Dy CM
- February 24, 2023
- Updated: 01:40 am
category Regional, chandigarh, , tags Regional, chandigarh, , DW BUREAU CHANDIGARH Haryana Deputy Chief Minister Dushyant Chautala said that the financial budget of the state for the year 2023-24 will increase investment in industries and open new avenues of employment for youth. He added that infrastructure of roads and railways will get further boost. Reacting to the budget presented by Haryana Chief Minister and Finance Minister Manohar Lal today, the Deputy CM stated that although this budget is beneficial for all sectors, special focus is laid on attracting external investors to establish businesses in the state through providing them with the special concessions in the state budget. He added that this will provide thrust to the employment opportunities in the state and revenue will be further enhanced. Chautala, who also holds the charge of Industries and Commerce Department, said that special emphasis was given industries and MSMEs. Allocating Rs. 1,442 crores to the industries were lauded as a step forward towards development. He further said that the state government is striving to make the state a preferred destination for the data centre industry and taking steps in this direction, provision has been made in today s budget to set up data centre parks at Ambala and Gurugram. He stated that the government will create a recycling facility promotion policy in the budget to encourage vehicle scrapping-recycling, electronics recycling, as well as a policy for toy manufacturing to encourage investment in the field of electronic toys and a policy for medical device manufacturing to encourage the manufacturing of medical equipment was also in focus. The Deputy CM, informed that the State Government is going to develop 3 Multi Modal Logistics Parks (MMLP) in Hisar, Ambala and Mahendergarh districts which will provide impetus to the development. Chautala welcomed a budget of Rs. 1,000 crores over 5 years under the Padma Scheme. Appreciating the increase in exemption in land value from 10 percent to 20 percent for micro and small industries proposed to be set up by Scheduled Caste entrepreneurs, he said that this will be done in the direction of ensuring the participation of Scheduled Castes in the economic development of the state. The Deputy Chief Minister Dushyant Chautala described this budget presented by the Finance Minister as a road-map for future progress and said that apart from common roads, emphasis has been laid on expanding bypasses, state highways and national highways. (editor dailyworld.in)