Punjab govt gives nod to Rs 1500 mega projects

Chandigarh, Oct 5 (UNI) The Punjab government today accorded its approval to nine mega manufacturing projects involving an investment of Rs 1500 crore.

The approval was granted in the projects Screening Committee headed by Chief Secretary R I Singh here.

Some of the projects granted approval are expected to give a boost to the textile industry in the border state and also provide employment.

Giving details of the mega projects approved, an official spokesman said that Aarti International Ltd, Ludhiana would be installing 60,000 spindles at their existing unit at a cost of Rs 242.06 crore. Another project, Avani Textile Ltd involving manufacturing cotton yarn would be set up at Sangrur at a cost of Rs 134.50 crore.

A Rs 143.50 textile project by Oswal Spinning and Weaving Mills Ltd and another Rs 115 crore by Aggarsain Spinners Ltd would be set up at Ludhiana. Similarly a Rs 145.21 crore cotton spinning unit by Shiva Fibers Pvt Ltd and a aismilar Rs 66.79 crore unit by Grospinz Fabz Ltd would be set up at Doraya in Ludhiana district and on Muktsar-Jalalabad Road respectively.

He also said that Vallabh Textiles Company Ltd would setup integrated cotton yarns spinning and towel unit costing Rs 124.71 crore at Ludhiana. Besides this a cement grinding unit and a 20 MW captive thermal plant costing Rs 300 crore would be setup by Grasim Industries at Lehra Mohabat in Bathinda.

A rice milling plant by Sunstar Overseas Ltd would be set up at rural focal point Meherabanpura in Amritsar at a cost of Rs 51.76 crore. Mukesh Udyog Ltd, Ludhiana would install 55,200 spindles in nine phased manners at Ludhiana .

The meeting was attended by the Financial Commissioners of Revenue, Excise and Taxation and Development, besides the Principal Secretaries of Finance, Science and Technology and Labour.

UNI