In Ludhiana, Punjab’s Industry Minister unveiled a ₹200 crore fund to strengthen R&D and testing for MSMEs at IAHT.
The initiative targets sectors such as EV components, power tools, and autoparts, enabling high-grade quality assur
ance.
Upgrades include modernizing labs to meet or exceed BIS (Bureau of Indian Standards) benchmarks.
The investment seeks to accelerate product development cycles and certification processes.
Industrialists believe this will lift market competitiveness and expand export capabilities.
IAHT aims to become a high-tech innovation hub through swift rollout and minimal red tape.
It is also expected to spur value-chain upgrades by anchoring manufacturing with local R&D.
The move strengthens MSMEs’ role in innovation-led growth narratives.
It sets a precedent for state-led industrial transformation among sma
ll players.
Jobs, exports, and industrial modernization are all poised to benefit.