Friday, December 2, 2011

Punjab govt clears 19 projects just ahead of polls

CHANDIGARH: The Empowered Committee on mega projects in Punjab has approved 19 mega projects worth Rs 4457.77 crore in the state just ahead of assembly elections due in February, apparently to create an impression that the Akali-BJP dispensations is business friendly at the fag end of their term.

A decision to this effect was taken by the empowered committee chaired by Punjab Chief Minister Parkash Singh Badal here at Punjab Bhawan.The empowered committee approved 7 new manufacturing industrial mega projects worth Rs. 2492.04 crore besides 12 agro based industrial units with an outlay of Rs.1965.73 crore.

The mega projects approved under manufacturing category included the units of M/s Nector Lifescience Limited at village Nabha (SAS Nagar) worth Rs. 200 crore, M/s Shasmanji Yarns Pvt. Ltd. at village Lakhowal (Ludhiana) worth Rs. 144.82 crore, M/s Vardhman Special Steels Ltd. at village Jamalpur Awana (Ludhiana) worth Rs. 134.97 crore, M/s SEL Textile Ltd. at village Punjaba-Lambi (Muktsar) worth Rs.1485 crore, M/s Sportking Ltd. at village Jeeda (Bathinda) worth Rs. 303 crore, M/s Supreme Texmart Ltd. at village Kanganwal (Ludhiana) worth Rs. 103.25 crore and M/s Satlut Spintex Limited at village Gehle (Mansa) worth Rs. 121 crore.

The mega projects approved under agro based Industry included that of M/s Pepsico India Holdings Pvt. Limited which proposes to set up a beverage manufacturing facility at village Zahura (Hoshiarpur) at a cost of Rs 205.84 crore, M/s Soma Punjab Warehousing Pvt. Limited to set up 12 agri godowns at different locations in the state with an investment of Rs. 579.30 crore, M/s Nasa Agro Industries Ltd. to set up Agro Industrial Park worth Rs. 353.15 crore at Fazilka, M/s Soma Punjab Agro-Power Infra Private Limited to set up 5 Rice Mills with Power Co-Generation facilities at different locations in Punjab with an investment of Rs. 162.90 crore, extension unit of M/s Sunstar Overseas Ltd of paddy processing at village Tangra (Amritsar) worth Rs 129.33 crore, extension unit of M/s Pepsico India Holdings Private limited to set up potato chips manufacturing facility at village Channo (Sangrur) worth Rs. 125.79 crore, M/s Dunar Foods Ltd. to set up expansion unit at its existing mega project at village Pandori Ran Singh(Tarn Taran), M/s Saastha Warehousing Ltd. to set up warehousing project at village Rail Majra (Nawansahar) at a cost of Rs. 110.44 crore, M/s Indian Sucrose Ltd. to set up paper manufacturing unit worth Rs. 101 crore at village Chack Alla Baksh, Mukerian (Hoshiarpur), M/s Sampuran Agri ventures Pvt. Ltd. to set up a bio-fertilizer, power generation& cattle feed units and other dairy farm activities at village Painchanwali (Fazilka) worth Rs. 33.56 crore and M/s Bajaj Basmati Pvt. Limited to set up paddy parboiling and shelling unit at Jalalabad (Ferozepur) with an investment of Rs. 30.56 crore.

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