EMPOWERED committee gives nod to levy 0.25 and 1% of total project cost from entrepreneurs towards ‘cancer relief and drug de-addiction fund’ under CSR

Chandigarh, March 22, 2013: The Empowered Committee on mega projects today approved to levy 0.25 and 1% of the total project cost towards the contribution for special ‘Cancer Relief and Drug de-addiction Fund’ under the provisions of Corporate Social Responsibility (CSR).

A decision to this effect was taken in a meeting of the Empowered Committee chaired by Punjab Chief Minister Parkash Singh Badal here at Punjab Bhawan this evening.

Disclosing this here today, the spokesperson of the Chief Minister's Office said that the committee made it mandatory for all the entrepreneurs and Industrialists to contribute 0.25% and 1% of the total investment in case of manufacturing units and multiplexes and housing projects with a maximum cap of Rs. 25 lac and Rs. one crore respectively for this purpose. All the entrepreneurs whose projects were cleared in the meeting consented to contribute for this noble cause.

Meanwhile, the Empowered Committee also approved four mega projects with total investment of Rs. 578.68 crore comprising three mega manufacturing projects viz. M/s Asian Fine Cements for setting up of a Cement Plant with an installed capacity of one million per annum at village Rajgarh in Tehsil Rajpura of District Patiala with an investment of Rs. 127.46 crore. Likewise, the committee also approved a manufacturing unit of designed woolen and cotton apparels by M/s Monte Carlo fashions Ltd. at Sherpur Kalan in Ludhiana district at a cost of 163.86 crore and a Terry Towel Project to be set up by M/s TC Terry Tex Complex near Lalru in Tehsil Dera Bassi of Mohali district with an investment of 104.36 crore besides a Mega Multiplex of M/s Parv Promoters Limited at Jalandhar with a total capital outlay of 183 crore.

Prominent amongst those present in the meeting included Local Government Minister Chunni Lal Bhagat,  Tourism and Jail Minister Sarwan Singh Phillaur, Food and Civil Supplies Minister Adesh Partap Singh Kairon, Finance Minister Parminder Singh Dhindsa, Revenue Minister Bikram Singh Majhitia, Industries and Technical Education Minister Anil Joshi, NK Sharma and GS Babehali (both Chief Parliamentary Secretaries), Chief Secretary Rakesh Singh, Financial Commissioner Revenue NS Kang, Financial Commissioner Development GS Sandhu, Principal Secretary to Chief Minister SK Sandhu, Principal Secretary Industries and Commerce Karan Avtar Singh, Principal Secretary Finance and Planning Satish Chandra, Principal Secretary Water Supply and Sanitation Suresh Kumar, Secretary Housing and Urban Development A Venu Prasad, Director-cum-Secretary Industries & Commerce Vikas Partap, MD Punjab Agro Kirandeep Singh Bhullar.