Public CompanyPunjab to set up Rs 150 cr fund to improve industrial infra
The Punjab government today said it will set up a fund of Rs 150 crore to upgrade industrial infrastructure in a bid to give a boost to the state industry.
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State Industry minister Manoranjan Kalia said a dedicated fund of Rs 150 crore per annum was being planned to create and upgrade industrial infrastructure to contribute to the Centre"s schemes of cluster development, common facility centres, R&D Marketing.
While highlighting the state"s programmes and policies, the minister said special package of incentives has been given to IT and bio-technology units and agro-based industries.
Besides, the government has taken initiatives including providing government land at concessional rates and supplying uninterrupted power to provide a fillip to IT & IT enabled services industry in Punjab.
Kalia further said 13 Special Economic Zone (SEZ) projects have been approved by the Centre for Punjab and 2 SEZs have already been notified.
One more SEZ has been recommended to the Centre for approval, he said, adding that the state SEZ Act, 2009 has also been enacted which will facilitate development of SEZs in Punjab.