The Punjab government has decided to levy a special tax on the entrepreneurs and industrialists in the state that would be utilised to fund cancer relief and drug de-addiction.
Depending on the size of the projects, the tax will be either 0.25 per cent or one per cent of the total cost.
Disclosing this here on Sunday, the spokesperson of the Chief Minister's Office said it has been made mandatory for all entrepreneurs and industrialists to contribute the tax.
Meanwhile, an empowered committee has also approved four mega projects with total investment of Rs 579 crore comprising three mega manufacturing projects viz M/s Asian Fine Cements for setting up of a cement plant with an installed capacity of one million per annum at Patiala, with an investment of Rs 128 crore. Likewise, the committee also approved a manufacturing unit of designed woolen and cotton apparels by M/s Monte Carlo Fashions Ltd at Ludhiana district at a cost of Rs 164 crore and a Terry towel project, to be set up by M/s TC Terry Tex Complex near Lalru at an investment of Rs 104.36 crore besides a Mega Multiplex of M/s Parv Promoters Limited at Jalandhar with a total capital outlay of Rs 183 crore.
