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DC exhorts industrialists to invest in Ladhowal Mega Food Park

varinder kumarJalandhar, January 16, 2019 (Yes Punjab News)

Deputy Commissioner Mr Varinder Kumar Sharma on Wednesday exhorted the industrialists to open their ventures in Ladhowal Mega Food Park at Ludhiana for which the Punjab Government is providing boundless facilities to them.


Interacting with entrepreneurs of the region in the meeting hall, Mr Sharma told that a mega Food Park on 100-acres land has been set up in Ladhowal at a cost of Rs 117.61 crore.


He told that the state government under its Industrial Business Development Policy-2017, is offering 100 per cent exemption from stamp duty for the purchase or lease of land and building in the park, 100 per cent exemption from all taxes and fees paid for the purchase of raw material up to 10years, complete electricity duty exemption, No CLU, No property tax for 10 years and many more to the industrialists for the setting up their units in the park.


He also informed already, an Effluent Treatment plant, two Silos, dry warehouses, cold storages and etc have already come up in Food Park beside a testing lab, primary health centre and dormitory facilities are also under construction.


Mr Sharma added that the mega food park is situated on National Highway bypass hence it is well connected to all major cities hence these would help the industrialists in flourishing their businesses.


He further said that loans up to Rs 5 crore are also being given under Pradhan Mantri Kisan SAMPADA Yojna and Nabard is also offering financial help out of food processing fund of Rs 2000 crore.


The deputy commissioner said that Punjab Agro Industries Corporation (PAIC) is an executive agency of the project and anyone can contact their officials for more information.


PAIC GM Mr Rajnish Tuli, GM DIC Mr Amarjeet Singh, District Mandi Officer Mr Varinder Khera, Senior Industry Officer Mr Manjeet Lally and others were present in the meeting 

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