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Thailand company to invest over Rs 570 cr in Punjab

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Press Trust of India Chandigarh
Last Updated : Feb 17 2014 | 5:19 PM IST
Thailand-based company Charoen Pokphand will set up five modern units, including a feed mill, in the field of poultry and pig farming with an outlay of over Rs 570 crore.
A memorandum in this regard was signed between the Punjab government and the company on Saturday last week.
Under the plan, the company will set up a feed mill at a cost of Rs 120 crore, a hatchery at Rs 24 crore, a breeding farm at Rs 102 crore, a broiler farm at Rs 324 crore and a swine farm Rs 1.2 crore in the state, Charoen Pokphand Vice-Chairman Chaiyaporn Montha said in a release.
The group intended to commence commercial production by 2014 and complete the proposed investment by 2018.

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First Published: Feb 17 2014 | 5:19 PM IST

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