Punjab clears projects worth Rs 1345 cr
The Punjab government on Tuesday approved new industrial projects worth Rs 1345 crore in a meeting of Empowered Committee on mega projects held under the chairmanship of state Chief Minister Parkash Singh Badal.
By PTI |
CHANDIGARH: The Punjab government on Tuesday approved new industrial projects worth Rs 1345 crore in a meeting of Empowered Committee on mega projects held under the chairmanship of state Chief Minister Parkash Singh Badal.
The projects which got clearance included Aarti International Ltd - Ludhiana (Rs 242.06 crore), Avani Textiles Ltd - Sangur (Rs 134.56 crore), Oswal Spinning & Weaving Mills Ltd - Ludhiana (Rs 106.50 crore), Shiva Fibers Pvt Ltd - Village Kaddon, Doraha (Rs 145.21 crore), Grospinz Fabz Ltd - Ferozepur (Rs 66.79 crore), Vallabh Textiles Company Ltd - Ludhiana (Rs 124.71 crore), Grasim Industries Ltd - Lehra Mohabat (Rs.300 crore) and Mukesh Udyog Ltd - Ludhiana (Rs 225 crore), said an oficial release issued here today.
In another significant decision, the empowered committee also conceded the demand of the investors that stamp duty be charged only on the land in question and not on the entire cost of the project.
The Chief Minister also ordered that ambiguity in the policy on this issue, if any, should be immediately removed, said the release.
During an interaction with the prospective investors, Badal also urged them to utilise the services of the security personnel trained by the Punjab Police at their industrial units.
The projects which got clearance included Aarti International Ltd - Ludhiana (Rs 242.06 crore), Avani Textiles Ltd - Sangur (Rs 134.56 crore), Oswal Spinning & Weaving Mills Ltd - Ludhiana (Rs 106.50 crore), Shiva Fibers Pvt Ltd - Village Kaddon, Doraha (Rs 145.21 crore), Grospinz Fabz Ltd - Ferozepur (Rs 66.79 crore), Vallabh Textiles Company Ltd - Ludhiana (Rs 124.71 crore), Grasim Industries Ltd - Lehra Mohabat (Rs.300 crore) and Mukesh Udyog Ltd - Ludhiana (Rs 225 crore), said an oficial release issued here today.
In another significant decision, the empowered committee also conceded the demand of the investors that stamp duty be charged only on the land in question and not on the entire cost of the project.
The Chief Minister also ordered that ambiguity in the policy on this issue, if any, should be immediately removed, said the release.
During an interaction with the prospective investors, Badal also urged them to utilise the services of the security personnel trained by the Punjab Police at their industrial units.
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