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To generate jobs, Puducherry minister to unveil new industrial policy soon

By Business Standard - 3 months ago
Puducherry Industries Minister A Namassivayam told the territorial Assembly on Friday that a new industrial policy would be unveiled soon for the development of industries in the union territory and to generate job opportunities for the youth. Replying to a question tabled by V P Ramalingam (nominated legislator), the minister said that those coming forward to set up industrial enterprises in the union territory were seeking several concessions which related to GST and Income Tax. The government would have to consider these pleas. "Our intention is to encourage industries to come up in Puducherry so that jobs can be created for the educated youth," he said, and added that all aspects were being considered to ensure industrial development in the union territory. Namassivayam said that the government also proposed establishing an Information Technology park. On the number of industries established since the present government assumed office in 2021, he said that 189 industries have c

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