Rs 150 cr/yr for Punjab industries

Written by fe Bureau | Chandigarh | Updated: Jan 1 2010, 04:16am hrs
The Punjab government plans to set aside Rs 150 crore per annum for creating and upgrading of industrial infrastructure in the state.

Stating this on Wednesday, state industries minister Manoranjan Kalia said a dedicated fund of Rs 150 crore per annum was being planned for creating and upgrading of industrial infrastructure and for contribution of states share in central governments schemes like cluster development, common facility centres and R&D marketing.

Kalia said a package of incentives had been given to IT, bio-technology units and agro-based industries.

The government will provide land to these units at concessional rates.

13 special economic zone (SEZs) projects have been approved by the Centre for the state and two SEZs have already been notified.

One more SEZ has been recommended to the central government for approval, he added. He hoped that SEZ Act 2009, which has been enacted will facilitate the development of SEZs in Punjab . The procedure for approval of mega projects has been made simpler and transparent to ensure simplification and transparency in these projects, Kalia added.