‘REVIVE SICK INDUSTRY’

A policy is needed for revival of sick industry. The focus should be on restoring existing units because setting up a new industry is not easy. There is paucity of land and whatever is available is expensive. The govt should keep its promise of electricity at ₹5 per unit, as today, only new units are getting electricity at the subsidised rate. Pending VAT refunds 2015- 16 and 2016- 17 must be cleared.

SS Bhogal, former chairperson, CII-Punjab