Punjab Agri Summit ’14 attracts Rs 2,600 cr

The Punjab government has attracted investment worth Rs 2600 cr during the Progressive Punjab Agriculture Summit, 2014. The four-day event held at Chappar Chiri, near Mohali, resulted in 10 Memoranda of Understanding (MoUs) on matters like agriculture, food processing and renewable energy from biomass.

Giving details of investments promised during the Agriculture Summit, 2014 a spokesperson from the Chief Minister’s Office said that the various MoUs signed are between the Centre of Potato Expertise in Punjab and government of Netherlands and Punjab Agriculture University (PAU) and Confederation of Potato Seeds Farmers, M/S P&R Agri Energy Private Limited and the Punjab government to establish 20 MW Biomass power project with an investment of Rs 125 cr.

Another MoU between M/S Nextgen Solux Power Private Limited and Punjab government to set up 100 MW Solar power project at Fardikot and Abohar with an investment of Rs 800 cr was also signed. M/S Sampuran Agri Ventures Private Limited and Punjab Government inked an MoU to set up 30 MW Rice Straw based Biomethanation Power Projects at a cost of Rs 400 cr. Besides that an MoU was signed to set up nine projects for production of bio-ethanol from Rice Straw and other agriculture waste and Molasses at a cost of Rs 900 cr between M/S Bio Echo Energy Private Limited and Punjab Government.

An MoU was also concluded between MD Group and government of Punjab to solve the Wheat and Rice waste problem on a sustainable economic model. Similarly, Mrs Bector Food Specialties’ Limited and Punjab government also signed an MoU about food processing with an investment of Rs 100 cr.