Punjab approves 7 new mega projects in state

The Empowered Committee on Mega Projects today approved 7 new mega projects in Punjab with an investment outlay of Rs 1,269.49 crore. These projects will generate employment for 3,528 persons, according to Chief Minister’s Media Advisor Harcharan Bains.

The projects approved in the meeting included one manufacturing project of Vardhman Texgarment Limited at Ludhiana, four Multiplex/Hotel projects to be developed by Silvercity Construction Limited at Zirakpur, C&C Towers Limited (Rs.251.27 crore) at Mohali, Bharti Reality Limited (Rs.311.18 crore) at Ludhiana and Trif Amritsar Projects Private Limited (Rs.550crore) at Amritsar. Besides, two New Agri Mega Projects would be developed, One each by Duli Chand-Narender Kumar Exports Private Limited (Tarn Taran district) and by Shree Hari Spintex Limited at Maur Mandi (Bathinda district) added Mr. Bains.

The Media Advisor further said that the Empowered Committee had also given an extension of six months to LT Overseas Ltd. to establish its unit at a new site at village Warpal in Amritsar district. The unit has been mandated to be made functional by September 2010