Punjab has approved 19 projects, including those of PepsiCo India and Nectar Lifescience, which will bring investment worth Rs 4,457.77 crore in the State.
The Empowered Committee chaired by the Chief Minister, Mr Parkash Singh Badal, approved seven new manufacturing industrial mega projects worth Rs 2,492.04 crore in the State, which would generate direct and indirect employment for about 62,691 persons, besides 12 agro-based industrial units with an outlay of Rs 1,965.73 crore, a spokesperson said here today.
Nectar Lifescience will invest Rs 200 crore in Nabha village (SAS Nagar), Vardhman Special Steels will invest Rs 134.97 crore at Jamalpur village in Ludhiana, SEL Textile will come with an investment of Rs 1,485 crore in Muktsar and Sportking will invest Rs 303 crore in Bathinda, he added.
Among agro-based projects, PepsiCo India Holdings has proposed to set up a beverage manufacturing facility at Zahura village in Hoshiarpur at an investment of Rs 205.84 crore. An extension unit of PepsiCo would also set up potato chips manufacturing facility at Channo village (Sangrur) entailing an investment of Rs 125.79 crore.
Besides, Soma Punjab Warehousing would set up 12 agri-godowns at different locations in the State at an investment of Rs 579.30 crore, while Nasa Agro Industries would set up Agro Industrial Park worth Rs 353.15 crore at Fazilka.
Indian Sucrose would set up paper manufacturing unit worth Rs 101 crore at village Chack Alla Baksh, Mukerian in Hoshiarpur, while Sampuran Agri ventures would set up bio-fertiliser, power generation, cattle feed units and other dairy farm activities at village Painchanwali in Fazilka with a sum of Rs 33.56 crore, the spokesperson said.