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Indian Economy

Notes Major Sectors

Textiles
Manufacturing
Food Processing and Agro-Based

Chemical and Fertilizers
Hosiery
Energy
IT/ITeS

Tourism
Education

Did u know? Punjab, the richest state in India that throbs with the vibrant culture, has
always moved on the path of prosperity. The state known as the “Food basket and Granary
of India”, has been awarded National Productivity Award for agriculture extension services
for consecutively ten years from 1991-92 to 1998-99 and 2001 to 2003-04.

Caselet New Industrial Policy – Anti Small Scale Industry

he new industrial policy announced by the SAD-BJP Government with great fanfare
has failed to enthuse the small scale industry which is the mainstay of the state
Teconomy. The new industrial policy has not indicated any programme to revive
the sick industrial units. The major beneficiaries will be agro-based industries feel the
small scale industrialists.
The zoning of the industries into Zone I and Zone II has been made keeping in view the
interests of the large scale industrial house who are close the powers that be, allege the
small scale industrialists.
The Punjab’s industrial development was hit hard during the decade long militancy and a
number of industrialists migrated to other states. They wound up their units and shifted to
states like Haryana, UP, Delhi and Madhya Pradesh. But many of them could not establish
themselves in the changed scenario and returned when the militancy was eliminated. It
was during the tenure of Beant Singh as chief minister that industrial revival began but his
death gave a setback to the revival movement.
The SAD-BJP Government in 1997 and the successive governments till today have failed to
make serious efforts to revive the industry in the state. The SAD-BJP Government in 1997
failed in its duty to bring industrial development. The only consolation, the industry had
that Chief Minister Parkash Singh Badal would listen to the grievances of the small scale
industries with no result.
Amarinder Singh government in 2002-2007 completely ignored the small scale industries
and the large scale units were given benefits of tax relief worth several hundred crores.
Amarinder Singh did not address a single meeting of the small industrialists.
Contd...

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