PUNJAB obtains approval for projects worth Rs. 49.50 crores: Joshi

Chandigarh, July 12, 2013: Anil Joshi, Industries & Commerce Minister, Punjab said that the concerted efforts of the Punjab government has borne fruit as the department has obtained approval of two projects worth Rs. 49.50 crores from GOI.

Divulging the details he said that the first project approved by the GOI is Strengthening of Institute for Auto Parts and Hand Tool Technology, Ludhiana under ASIDE Scheme. He said that Rs. 35.42 crores from the Ministry of Commerce & Industries, which is meant for strengthening the equipment in Institute for Autoparts & Hand Tools Technology, Ludhiana.  He said that with this project, Institute would be strengthened for technological gaps identified for the MSME sector of our state in the areas of Testing, Calibration, Tool Room and Cutting Edge Process Technologies. Now Punjab should have a Technologically Advanced industry support institute to assist and help MSME sector to become competitive for global markets and enhance exports from the state.

He further said that Rs. 14.07 crores has been approved by GOI for Common Facility Centre (CFC) Under Micro & Small Enterprises- Cluster Development Programme (MSE-CDP). He said that this project is meant for setting-up of Common Facility Centre for manufacturers of Sanitary & Bath Fittings at Mohali under Micro & Small Enterprises- Cluster Development Programme.

The Minister said that the State Government is committed for providing impetus to industry in Punjab especially the Micro, Small and Medium scale industry.