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Punjab receives 17 project proposals of 5,906cr

Punjab receives 17 project proposals of 5,906cr
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First Published: Fri, Jul 18 2008. 02 11 PM IST
Updated: Fri, Jul 18 2008. 02 11 PM IST
By PTI
Chandigarh: Punjab government has received 17 fresh mega project proposals worth Rs5,906.28 crore to be set up in the state and are expected to provide impetus to the state’s economy.
The state government received two proposals for setting up manufacturing facilities including a pharmaceutical and cotton yarn unit worth Rs835.36 crore, three multiplex projects of Rs320.81crore and two industrial parks of Rs445.61 crore among others, a senior official of Punjab government said.
Out of these project proposals, maximum investment is being made by PACL India Limited to the tune of Rs2,030 crore for setting up of mixed-use integrated industrial park of 500 acres area, at Rajpura in Patiala district. The same company has also proposed to set up similar project with an investment of Rs880 crore in Ludhiana district.
Rhythm Textile and Apparel Park Limited has proposed to set up an industrial park involving integrated facilities for knitting and apparel manufacturing with a total outlay of Rs340 crore, at an area of 18.50 acres, at village Shekhan Majara in Nawan Shehar district.
Similarly, CCI Industrial Estate & Cluster Cooperative Industrial Society Limited would set up an industrial park with an investment of Rs105.61 crore at Chandigarh Ambala highway.
Out of seven hotel projects, the state has received five project proposals for setting up five star hotels at several locations. Among them are Ishan Developers and Infrastructure Ltd and R.K. Sharma Group, which would make an investment of Rs252 crore and Rs309 crore in setting up five star hotels in Mohali and Amritsar, respectively.
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First Published: Fri, Jul 18 2008. 02 11 PM IST