Chandigarh: To give a big boost to the industry in Punjab, especially the manufacturing sector, the state government is all set to come up with an industrial focal point near Jalandhar for setting up new industries on a cluster development basis. The focal point would come up across 300 acres and would have at least four to five clusters of industries in areas with significant export potential.
Apart from this, the Industries Department is also planning to increase the number of items under bilateral trade with Pakistan. There is a huge potential to export agricultural machinery and equipment from our country, which the government is keenly looking at. Notably, the truck service between India and Pakistan started on October 1.
Also on the cards is an international trade centre in Mohali across nine acres which is planned under PPP mode, for which a private developer is likely to be selected shortly. This was disclosed by A.R. Talwar, Principal Secretary, Industries and Commerce, Government of Punjab.
Talwar said the government has recognised various clusters in the state for assistance under the Government of India Scheme for Cluster Development. “The Punjab government has formed special purpose vehicles (SPV) in case of these clusters and detail project reports about the status of these clusters shall be submitted to the Centre for approval,” he said. Notably, SPV has already been formed in case of textile industry in Ludhiana, re-rolling industry in Mandi Gobindgarh, foundaries in Batala, sports goods industry in Jalandhar, while an SPV for hand tools industry in Jalandhar would be formed shortly.
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