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Investor Presentaiton

44 18.0 STRONG ECOSYSTEM OF 200,000 MSMEs State Govt. is facilitating MSMEs across sectors for reduction in cost of doing business and increase in efficiency of production (i) Reducing Cost of Business Numerous attractive incentives for MSMEs are available under Punjab Industrial & Business Development Policy 2017. Govt. is working with financial institutions to facilitate easy access to finance For development of Common Facility Centre (CFC) (assistance of up to INR 15 crore), 23 clusters identified by GoP under the MSE- CDP Programme of GoI. Currently, 4 CFCs are under various stages of implementation in Punjab. (ii) Ease of Doing Business • Invest Punjab model has been extended to district level for MSMEs ● Make in Punjab Policy: • Goods manufactured in Punjab are preferred in Govt. Procurement MSE Facilitation Councils: Support for Resolution of Payment issues with Pan India Buyers. Constituted in 7 districts. 105 claims Worth INR 233 crore disposed off (since Nov 2018) (iii) Increasing Efficiency with Access to Technology • R&D Centers For Capacity Building of MSMEs R&D Centre for Bicycle and Sewing Machine (Ludhiana) • Auto Part and Hand Tool Institute (Ludhiana) . . Machine Tools Institute (Batala) AI-focused Centre of Excellence at IIT Ropar in partnership with National Chung Cheng University of Taiwan MSMEs in Punjab Growing to become Suppliers in Global Value Chain GS JAGDEV INTERNAT CHAL ENGINEERING SOLUTION PVT. LTD. Emson Jmpi J Coming Soon PUNJAB RIGHT TO BUSINESS ACT 2019 Starting a Business on Day 1 45 45
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