Punjab rice millers to invest Rs 350 crore in the state

To boost export prospects of Basmati and give impetus to much-needed agriculture diversification plan

Punjab Rice Millers Exporters 'Association today firmed up a massive investment plan of Rs 350 crore for setting up ultra modern rice mills in the state to boost the export prospects of Basmati and give impetus to the much-needed agriculture diversification program.

Expressing gratitude to the chief minister for recently extending a slew of incentives to rice millers for the promotion of Basmati cultivation and boosting its export potential in the global market. The delegation assured the minister they would continue to help the state pursue its mission of crop diversification.

Reciprocating the goodwill gesture of the state government to ensure level playing field to the Basmati growers as well as millers and exporters, the delegation also promised to run two state-of-art ITIs at Ferozepur and Tarn Taran after upgrading them to train manpower required in the Rice mills.

The Chief Minister also called upon the Rice Millers to go for Power cogeneration from Biomass to make their units financially viable and self sustainable.