Ludhiana's Industrial Sector Sets High Expectations for Punjab State Budget
With the Punjab government scheduled to present its state budget on Sunday, the residents and business community of Ludhiana are eagerly anticipating the announcement, holding significant expectations for economic support and development initiatives. Despite the recent rollout of the state's industrial policy, local industrial leaders are advocating for specific budgetary allocations to address persistent gaps in infrastructure, security, and research.
Key Demands from Industry Associations
Lokesh Jain, chairman of CII Ludhiana and General Secretary of the Ludhiana Steel Re-rollers Association, emphasized that the budget should prioritize a major thrust for research and development (R&D) institutes. He further stressed the urgent need for enhanced industrial belt infrastructure, including improved roads, transport stations, parking facilities, proper street lighting, and traffic signals. Jain also highlighted the necessity for wider roads to facilitate the smooth movement of heavy vehicles and the activation of CCTV networks installed years ago to improve traffic regulation and safety.
Calls for Tax Relief and Security Enhancements
Upkar Singh Ahuja, president of CICU, expressed hope that no additional taxes would be introduced in the budget. He urged the government to prioritize the immediate refund of Goods and Services Tax (GST) to industrial units, which is critical for cash flow and operational efficiency. Ahuja also called for dedicated funds to enhance security measures, particularly within industrial areas, to safeguard businesses and workers.
Infrastructure and Exhibition Centre Demands
Vinod Thappar, chairman of the Knitwear Club, reiterated the industry's long-pending demand for a dedicated exhibition centre in Ludhiana. He advocated for revamped infrastructure in focal points, improved road conditions, and the allocation of funds for freight subsidies to reduce logistical costs and boost competitiveness.
Focus on Sustainability and Safety Measures
Industrialists Daleep Khanna and Mridula Jain both highlighted the importance of supporting the "common man" and the existing manufacturing sectors that drive the state's economy. Khanna noted that aging focal points require a complete revamp to benefit taxpayers and improve overall efficiency.
Mridula Jain added that the budget must ensure the effective implementation of industrial policies through adequate funding. She specifically called for resources to combat air, water, and ground pollution, alongside initiatives for waste recycling to promote environmental sustainability. Furthermore, she emphasized the need for substantial investment in the city's road safety infrastructure to prevent accidents and enhance public safety.
As the budget presentation nears, Ludhiana's industrial community remains hopeful that these demands will be addressed, fostering growth and resilience in one of Punjab's key economic hubs.
