Banur-Tepla Road becoming the new hub of economic activity in region

Chandigarh, February 7, 2023: The Banur-Tepla Road (NH 205A) is fast emerging as a new hub for investors with Mohali Industrial Economic Zone (MIEZ) adding enormous value to the entire stretch. The road has come into prominence as it is being used by highway travellers between Delhi and Manali and vice versa. Banur-Tepla road is also getting  huge routine traffic flow  as the route is being frequently used by the people of Chandigarh capital region comprising Chandigarh, Mohali and Panchkula  for to and fro travel. As a result of the strategic location of the road a variety of industries are setting up their units on it. The high end quality of road and  its logistics' edge have attracted the attention of the ambitious Mohali Industries Economic Zone(MIEZ) project being developed by realty company Royale Estate Group(REG).

MIEZ is the region’s first of its kind state-of-the-art industrial facility, being developed on Banur Tepla Road in 100 plus acres of land. Neeraj Kansal, MD, REG said, "The MIEZ is being planned in such a manner that will make it an ideal destination for different types of industries to set up their units. While on one hand it will have the wherewithal to house units from varied industries like pharmaceuticals, textiles, chemicals,  food processing, distillery and many more, on the other it will have an effluent treatment plant (ETP), skill development centre, R & D centre, tool and equipment room, wide roads and all civic amenities."

Dalip Sharma, Secretary General, Punjab Chamber of Commerce and Industry opined, " NH 205A,is connected well with the National Highway 1(NH 1) that links the national capital New Delhi to the town of Atari in Punjab on the India–Pak border."

Prof Lakhwinder Singh, a professor of economics at Punjabi University Patiala added, "The stretch lies in the vicinity of the dry port at Shambhu bordering Punjab and Haryana. It is also in  close proximity to Amritsar-Kolkata Industrial Corridor (AKIC)."

As many as  35 warehouses have already been set up along the stretch. Some of these are Arrow, Bajaj Electronics, Havel’s India Ltd, Freuden Begonic, Nerolac Paint, Asian Paints, Marico Ltd and Whirlpool of India Ltd . A mini film city N K Studios has also come up. What's more, a manufacturing unit of Amararaja Batteries known for producing the famous Amaron Batteries has been established on the road.  The road is also blessed with the world’s first Mat-Pita Mandir and Go Dham taking care of more than 400 weak, old and sick cows .  

Meanwhile many industries have  committed to start operations in MIEZ. These include Ruby Industry that manufactures steel office furniture,  Gupta industry that is a supplier of all types of paper and that also manufactures cardboard boxes, Making Ways Auto Industries that manufactures tractor parts , Anirudh Engineering Solutions and Royale Agro Processing Industries among many more.

"The plan is to offer a 360 degree solution for all industrial needs.  MIEZ will be the region's first Integrated Industrial Park dedicated to the MSMEs," added Piyush Kansal, a Director with REG.

Ashish Mittal, who is also a Director with REG, summed up, "The International Airport in Mohali is also close to the stretch. The next wave of economic growth  of the region will be spurred by the industrial developments taking place on both sides of the Banur-Tepla road."