Industrial plots of PSIEC to be sold through e-auction: Minister

The Punjab government has decided to sell the plots of Punjab Small Industries and Export Corporation (PSIEC) through e-auction, the state's Industry Minister Sundar Sham Arora said Friday.

Arora said PSIEC, a state government undertaking, would do away with the practice of sale of its industrial plots through draw of lots.

"Instead the plots would be sold through e-auction now," a statement quoted him as saying.

Arora said the Focal Points at Ludhiana, Abohar, Raikot, Pathankot, Bathinda, Sri Muktsar Sahib, Goindwal, Mandi Gobindgarh, Batala and Kapurthala would be sold in the first phase.

He also said these e-auctions would be done through the portals www.psiec.in and etender.punjabgovt.gov.in.

Earlier the allotment of industrial plots was executed by inviting applications from the general public by PSIEC and after this respective committees would conduct interviews and final allotment of plots were executed through draw of lots.