To promote industrialisation in the state, the Punjab government would establish an industrial hub on the area of 1,200 acres at Rajpura.
The proposal for establishing the industrial hub has already been cleared by the chief minister and even the process of acquiring the land has also started, Punjab Industry Minister Manoranjan Kalia told reporters here today.
Efforts would be made to attract Foreign Direct Investment (FDI) in the proposed industrial hub, for which special industrial concessions would be extended, the minister said adding that a breather (concessions) would also be provided to the local industry.
Special Economic Zone (SEZ) has also been planned in the proposed industrial hub and clusters of different types of industries including of Information & Technology (IT) would be developed in the earmarked area, Kalia added.
The industry minister further revealed that for the development of industrial focal points in the state, an amount of Rs 45 crore was being spent, out of which Rs 16 crore was spent on focal point of Jalandhar only.
Objecting on any further extension of industrial tax holiday to the neighbouring states of Himachal Pradesh and Jammu & Kashmir, which has allegedly ruined the industry of Punjab , the minister said the state had already lodged its strong protest with the Centre on the issue.
