Industrialists apprehensive of investing in Punjab: Tewari

Image
Press Trust of India Ludhiana
Last Updated : Oct 23 2013 | 10:12 PM IST
Union Information and Broadcasting Minister Manish Tewari today hit out at the SAD-BJP government over its investment policy, alleging that industrialists who came to the state were asked to provide a "share" to those in power here.
Asking the state government to introspect on why investors were apprehensive about investing in the state, Tewari took a dig at it for going on a "shopping spree" to Mumbai for inviting investors.
He alleged that many industrialists expressed apprehension of investing in Punjab as they are asked what "share" they could provide to the powers that be.
On allegations of Centre's bias against Punjab, Tewari claimed the state had got 234 per cent more grants than it got between 1998 and 2004 during the NDA regime at Centre of which the Akalis were a part.
"They can't pass on their failures on the Centre," he said.
Asked why local industrialists were leaving Punjab, he alleged that there was total mismanagement and fiscal anarchy in the state which was on the verge of bankruptcy.
The state government was now trying to levy various taxes, like the property tax on people which had left all sections of the society unhappy and dissatisfied.
"There is total disillusionment with the state government and people are regretting as why they voted this government to power in 2012," he remarked.
Asked about prospects of Congress in Punjab in the Lok Sabha elections, Tewari said he was confident that the party would improve its 2009 tally.
To a query on Amarinder Singh's visit to different places, he remarked that "Amarinder is strengthening the party".
About his own performance as MP of Ludhiana, Tewari said, everything was in the public domain and he had left it to the judgement of the people.
On the issue of non-utilisation of his MPLAD funds by the Ludhiana Municipality over which he had written a strong letter to the municipal commissioner, he said the funds had been provided for the people.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2013 | 10:12 PM IST

Next Story