Punjab backed out of textile park plan: Piyush Goyal

Punjab Backed Out of Textile Park Plan: Piyush Goyal

According to Union Commerce and Textile Minister Piyush Goyal, the Punjab Government initially submitted an application for the Center’s mega textile park scheme but later withdrew it due to a lack of land.

Goyal praised the Sikh enterprise and urged the Punjab Government to be more proactive in seeking investment and competing for central incentives while responding to questions at a press conference following the conclusion of the 13th India-US Trade Policy Forum in Washington, DC.

“The Center has unveiled production-linked incentive programs that are applicable to all industries and states. In fact, the Center is constructing seven mega textile parks under the PM Mitra scheme, for which applications were opened. Punjab submitted a request, withdrew it, and claimed it lacked the necessary land. So even if we want, we cannot consider Punjab under the scheme,” the minister said.

Goyal exhorted the state’s government and business sector to take a more proactive approach to investments. “Today states have to make a compelling case to invite investments,” he said. The minister praised Sikhs for their contribution to the US trucking industry. “We are proud that the Sikh community has made its mark worldwide by the dint of hard work,” he said.

Reference: https://www.tribuneindia.com/news/punjab/punjab-backed-out-of-textile-park-plan-goyal-469838

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