Investments: State pats its back

DHINDSA NAMED OVER A DOZEN COMPANIES THAT ARE INVESTING IN THE STATE AS PART OF HIS BUDGET SPEECH

CHANDIGARH: Still gung-ho over the promised investments made during the second Progressive Punjab Investor’s summit, Punjab finance minister Parminder Singh Dhindsa named over a dozen companies that are investing in the state as part of his budget speech.

“Not only were the efforts of the state government lauded by the participants but some of the leading 31 investors like the Reliance group and ITC gave an update of the investments that they had made at the previous summit and announced additional investments as well.

Some of the investments that have since been made in the state include those from Reliance, Airtel, ITC, Sun Phar ma, Kansai Nerolac, Cargill, IndianOil, Infosys, Ultratech Cement, Schreiber Dynamix, Apollo Hospitals, Danone, Amul, International Tractors, Vardhman, Nahar, Wellspun, Azure and Punj Lloyd; and certainly this is not an exhaustive list,” the FM said.

He announced that to train the youth for the leather industry, Footwear Design and Development Institute at Banur in SAS Nagar district is being set up on 8 acres at a cost of ` 150 crore.

Construction of civil works to the extent of 60% has been completed and the classes will start from the session 2016-17.

Besides an expenditure of ` 100 crore as financial assistance to start- ups and another ` 10 crore for the construction of working women’s hostels, another ` 3 crore would be spent on the construction of the Northern India Institute of Fashion Technology at Jalandhar.