While the projects in the industrial sector involve capital outlay of Rs.9920 crore and agro sector attracts investment of Rs. 1250 crore, said an official release issued here today. Punjab Chief Minister's media advisor H.S. Bains said that the empowered committee, which cleared these projects, has decided that preference would be given to Punjabi youth as far as employment opportunities in these projects are concerned.
He said that most of these projects have significant employment potential with economic multiplier effect. The six industrial projects which were approved are Chakrita Real Estate Developers Private Ltd. (Rs.886.55 crore) in Ludhiana, Hamir Real Estate Pvt. Ltd (Rs.200 crore) in Mohali, Ambreen Projects and Infrastructure Pvt. Ltd. (Rs.303 crore) in Mohali, Cargo Motors Pvt. Ltd. (Rs.30 crore) in Jalandhar.
Besides two Super Mega mixed use Integrated Industrial Parks would be developed, one by Emaar MGF Land Limited at Mohali, Ludhiana and Jalandhar over an area of 2750 acre with a capital investment of Rs.5000 crore, another by Chandigarh Infotech would develop an IT park over an area of 1170 acre in Mohali district with a capital investment of Rs.3500 crore.
The Empowered Committee also approved five Agro projects including a Biomass based project of 147 MW to be set up by Green Planet Energy Pvt. Ltd. Of Mumbai at a cost of Rs.955 crore.
Besides this project, Century Plyboard India Ltd. Of Kolkata would set up a plywood and Medium Density Fiber Board (MDFB) in Hoshiarpur district with the capacity of 40000 cubic meter and 90000 cubic meter respectively at a cost of Rs.189 crore.
