Punjab Govt releases 8 LoI of industrial porjects

by Punjabnewswire4u (Balbir)

CHANDIGARH, MARCH 21

 The newly appointed Punjab Industry & Commerce Minister Mr. Anil Joshi started his first day in the office by ordering the release of 8 Letter-of-Intents of Industrial Projects with combined cost of Rs 2692 crore besides handing over first letter of intent to M/s Penguin Buildtech Pvt. Ltd for Rs 200 crore project to be set-up in holy city Amritsar.

          Addressing the officers in Udyog Bhawan after assuming office in the presence of Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal , Mr. Anil Joshi said that industry department has to work collectively as a team to give an impetus to industrialization to accelerate the industrial growth on the pattern of Gujarat. The other Letter-of-Intents approved in the meeting mega projects including M/s Nectar Life Science, District Mohali with an estimated cost of Rs.200 crore, M/s Vardhman Special Steel, Ludhiana (estimated cost Rs.134.97 crore), M/s SEL Textile, District Muktsar   (estimated cost Rs.1485 crore), M/s Sportking, District Bathinda (estimated cost Rs.303 crore), M/s Supreme Tex Mart, District Ludhiana      (estimated cost Rs.103.25 crore), M/s Satluj Spintex, District Mansa (estimated cost Rs.121 crore) and M/s Sharmanji Textile, District Ludhiana with an estimated cost of Rs.144.82 crore. Mr. Joshi said that these projects worth Rs. 2692 crore, would give a big boost to the industry of Punjab. He said that by introducing such big industrial projects would also be proved to bring back the industries to its mother state and setting up of industrial model on the pattern of Gujarat.

While addressing the media persons, Mr. Joshi said that we should whole heartedly work for the development and promotion of industry and trade in the State so that Punjab could again become one of the leading industrial state of the country. He also said that as their Government has again been given the mandate by the people of the State, the policies and the work which remained uncompleted in the previous tenure should be completed on priority basis. He further said that for achieving the goals and the targets fixed by the State Government all the officers should work selflessly, with complete devotion and sincerity.

Meanwhile, Principal Secretary Industries & Commerce Mr. A.R. Talwar assured the Minister that the department would leave no stone unturned for the development and promotion of the industry and trade in the State.

Earlier, Mr. S.S. Bains, Director, Industries & Commerce, Dr. Arwinder Singh, MD, Punjab Financial Corporation, Mr. Rakesh Verma, MD, InfoTech, Mr. S.M. Goyal, Chief Coordinator, Mega Projects, the MD's of PSIEC, PSIDC and other officers of department and the Corporations welcomed the Minister.