193 units closed in past 8 yrs in Punjab: Industries Minister

As many as 193 industrial units were closed in Punjab in past eight years because of "economic recession and special package to neighbouring states".
Replying to a question in the Assembly yesterday, state Industries and Commerce Minister Madan Mohan Mittal said that a total of 193 units had been reported closed during April 2007 till July 15, 2015.
As much as 168 units in Mandi Gobindgarh, nine each in Bathinda and Hoshiarpur, one each in Muktsar and Faridkot and five in Sangrur, were closed, Mittal informed the House.
The reasons for the closure of these units are overall economic recession, withdrawal of freight equalization scheme by central government in 1992 and providing special package to neighbouring states of Himachal Pradesh, Uttarakhand and Jammu and Kashmir, the Minister pointed out.

To a query on number of industrial units set up in the state, the Minister informed that 17,274 industrial units were registered under the MSME Act during April 2007 till March 2015.
The Minister further informed that Punjab Bureau of Investment Promotion has granted approval to 177 projects with project cost of Rs 11,561 crore with 93,014 jobs since December, 2013.