Friday, November 11, 2011

Agri-business projects worth Rs 1,653 cr to come up in Punjab

PTI | 06:11 PM,Nov 11,2011

Chandigarh, Nov 11 (PTI) Punjab has received investment proposals worth Rs 1,653 crore in agro-business vertical, with large chunk of money being invested into setting up of food grain warehouses and rice mills. The Screening Committee of the Punjab Government approved six projects under 'Agri Mega' Projects Scheme involving capital investment of Rs 1,653 crore, an official said here. Among major projects, Soma Punjab Warehousing has proposed to invest a sum of Rs 615 crore in construction of warehouses for storing food grain at 12 different locations with capacity of 12.98 lakh tonne. Soma Punjab Agro-Power Infra has proposed to set up eight rice mills with a capacity of 20TPH and a bio-mass power plant of 3 MW with proposed investment of Rs 472 crore, he said. Another company, Indian Sucross Limited has proposed to invest around Rs 140 crore which will be spent on reviving closed unit of Mukerian Paper Limited with capacity expansion programme. In addition to it, soda recovery plant and power cogeneration plant would also be set up. An integrated agro industrial park is proposed to set up in Fazilka by Nasa Agro Industries Limited with injection of Rs 400 crore. A project for producing bio-fertilizer would come up in Ferozepur with investment of Rs 33.56 crore by Sampuran Agri Ventrues and would use saline water, which is at present creating a lot of waste land in water logged areas. It would also provide facilities for mushroom growing & packaging, egg hatchery, dairy farming as well as power co-generation. Bajaj Basmati would set up a 8 TPH rice mill in Jalalabad with an investment of Rs 30.56 crore. So far more than 40 Agro based mega projects has been cleared by the state government which are likely to invest more than Rs 4,000 crore in the state, he said.

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