The Punjab Government today cleared projects worth Rs 6,350 crore that will see investments by prominent groups like Nectar Life Science, Trident Group and LT Food in the state.
The Empowered Committee on mega projects, chaired by Punjab Chief Minister Parkash Singh Badal gave in principle approval to these projects, investment worth Rs 5,453 comes from manufacturing and Rs 897 crore agro-based industries.
Among major companies that are investing in the state are Nectar Life Sciences, which has proposed to set up a unit for manufacturing drugs at Nimbua village in Mohali with investment worth Rs 530 crore.
Textile major Trident Corporation limited has proposed to set up facilities for making terry towel and sheeting unit at Dhaula village in Barnala with outlay of Rs 2,358 crore while Trident would expand its cotton unit at Sanghera (Barnala) village with Rs 1,117 crore.
Tube Investment of India has proposed to set up green-field plant to manufacture precision ERW and CDW tubes at village Tepla (Patiala) at cost of Rs 170 crore and Saber Papers would set up paper manufacturing unit at Gonsupur Hambran village in Ludhiana at cost of Rs 343.59 crore.
Piccadilly Hotels would construct a hotel in Ludhiana with outlay while Soma New Towns Private would set up godowns for storing food grain at four different locations in the state with Rs 170 crore.
LT Food Limited would set up a rice mill with power generation facility at Hoshiarpur at a cost of Rs 53.30 crore.
The empowered committee also approved two housing mega projects, one of 125 acres with an investment of Rs 679.40 crore in Sector 94-95, Mohali, by Janta Land Promoters Ltd Mohali and another of Rs 425 crore project over 205.54 acres by Bajwa Developers Ltd.
No comments:
Post a Comment