Punjab to set up 2 new industrial focal points

In a bid to boost industrialization in the state, Punjab government would set up two new industrial focal points over 500 acres in Ludhiana and Patiala districts envisaged to be part of Amritsar-Kolkata Corridor.
This decision was taken by the state Cabinet today during its meeting chaired by Chief Minister Parkash Singh Badal here.
The Rural Development and Panchayats department has approved transfer of about 300 acres land at Dhanansu village in Ludhiana district and 200 acres at village Pabra and Takhtumajra near Rajpura in Patiala district for the industrial focal points, a spokesperson of the Chief Minister office said.

The land will be transfered to Punjab State Industries Export Corporation as per the price determined by the committee headed by the Deputy Commissioner concerned, he said.
The PSIEC, which has 42 industrial focal points across the state, has been developing them, he said.
During the Progressive Punjab Investment Summit held in 2013 and 2015, the entrepreneurs were impressed of the state government for providing land to set up their ventures, the Spokesperson said.

Following which, the state government had directed PSIEC to create a land bank, he said.
Moreover, there was a strong demand from the industry for setting up of a new industrial area around Ludhiana having state-of-the-art infrastructure facilities while Rajpura has long term potential because of its proximity to Chandigarh rail head and Eastern Dedicated Freight Corridor, he said.

Both the proposed areas are envisaged to be part of Amritsar-Kolkata Corridor.
"Setting up these two industrial focal points would give impetus to industrialization in the state," he said.
The Cabinet also approved conversion of an ordinance into a bill to be presented in the forthcoming session of the Assembly for a Health and Personal Accident Insurance Scheme for all those farmers, who bring their produce to the Marketing
Yards/Purchase Centres established by the Punjab Mandi Board.
All such farmers would be provided a health insurance cover of Rs 50,000 and personal accident insurance of Rs five lakh under the Bhagat Puran Singh Health Insurance Scheme.