Philippines company shows interest in Punjab

Chandigarh, Mar 13 (UNI) Tanduay brand international Inc, a Philippines based company has envisaged keen interest in investing in Punjab in the hotel, brewery and tourism sectors.

A three-member delegation from Philippines led by Mr Reynaldo A Maclang which included Vicente C, Senior Vice President of Tanduay today called on Chief Minister Capt Amarinder Singh here and evinced keen interest to foray into low cost housing, budget hotels and tourism sectors besides setting-up distilleries in the state.

Taking part in the deliberations, Mr Maclang said that he was highly impressed with the spectacular progress made by Punjab recently in the industrial sector.

Reciprocating the goodwill gesture, Capt Singh said that Punjab had made tremendous progress in information and biotechnology, power generation, housing and diversification in agriculture. He pointed out that the state was on the verge of a second green revolution in the form of diversification in agriculture and would soon emerge as a trendsetter in the country.

He said that the state government had primarily focused on the growth of infrastructure and power sector to provide smooth connectivity and uninterrupted power supply to the prospective entrepreneurs and investors who intend to set up their ventures in the state.

Capt Singh assured all possible support and cooperation to the visiting delegation to encourage them to make investments in Punjab and accepted their invitation to send a team of officers to Philippines to study the feasibility of the projects likely to be set up in the state. He invited the delegation to set up grain based alcohol units instead of molasses with value addition in the form of cogeneration of power.

UNI HS RA LR BD1629