Manufacturing and real estate projects will be charged up to one per cent on total investment by the Punjab government for mobilising funds for the 'Cancer Relief and Drug de-addiction Fund.'
Barely two days after presentation of the 2013-14 state budget, the Empowered Committee on mega projects today made it mandatory for entrepreneurs to contribute 0.25 per cent of total investment in case of manufacturing units, with a maximum cap of Rs 25 lakh and 1 per cent of total investment in case of multiplexes/housing projects, with a maximum cap of Rs one crore.
A decision to this effect was taken in a meeting of the committee chaired by Punjab Chief Minister Parkash Singh Badal here this evening, said an official spokesperson.
Meanwhile, the Empowered Committee also approved four mega projects with a total investment of Rs 578.68 crore, comprising three mega manufacturing projects.
