Chandigarh, Oct 6 (IANS) Punjab’s scheduled and unscheduled power cuts may have made people weary but the state government Tuesday announced Punjab’s new industrial policy, lining up a slew of concessions to attract investment in the state.
The new industrial policy, the seventh announced by the Punjab government since 1978, was approved by the cabinet here.

While laying emphasis on promoting IT, the policy also stated that the clause of mandatory permission for change of land use (CLU) from agricultural to industrial use was being done away with. No charges for CLU will be levied either.

Punjab’s Industries Minister Manoranjan Kalia told the media persons here that IT Parks will be exempted from statutory power cuts, restrictions on peak load hours and weekly load shedding. IT units and parks will be charged for the actual units consumed.

The policy also extended several incentives and concessions to areas like hotel and resort projects, health tourism, farm tourism, multiplexes and textile industry.