Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
To develop food processing unit Punjab approaches Reliance industries
The government of Punjab yesterday initiated talks with Mukesh Ambani-led Reliance Industries with respect to investment in food processing and setting up a project in the state. Additional Chief Secretary (Development) of Punjab state, Suresh Kumar, confirmed that they had discussions with the company.
Food park project

The State-run Punjab Agro Industries Corporation (PAIC) is planning to build a multi-product mega food park at Ladhowal in Ludhiana. The food park will be extended up to 100 acres and the project may cost around Rs. 140 crores.

According to a release Suresh Kumar said, "We want Reliance Industries to set up a project in the upcoming mega food park at Ladhowal." A meeting with the officials of Reliance Industries will be held soon, he added.

PAIC has prepared the Detailed Project Report (DPR) for the mega food park and will submit it to the Central Government in this month. After that, a formal approval will be received from them.

The proposed project plan states that there will be collection centers in the villages of Muskabad in Samrala, Kangmai in Hoshiarpur, Babri in Gurdaspur, Saholi in Nabha and Lalgarh in Samana. Five more centers will be established to create superior quality vegetables and fruits clusters.

Progressive Punjab Investment Summit

Progressive Punjab Investment Summit will be held on 28th and 29th October at Mohali. The State predicts that the company may announce its plans of the project investment, there. This will be the second summit of Punjab government. The first one was held in December, two years ago. It got deals worth Rs. 65,000 crores for the state. Reliance Industries had then announced investments of Rs. 2,500 crores for establishing its digital network for 4G in the state.

Reliance Retail's ventures

The retail arm of Reliance Industries had signed a deal of Rs. 500 crores in 2006, with the then Congress government. The company had decided to increase the investment to Rs. 5,000 crores. The deal was signed to develop farming infrastructure and deliver the items. It was however cancelled in 2009 by the then SAD-BJP led government.

Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
Sign in to set your preference
merinews for RTI activists

Not finding what you are looking for? Search here.