Monday, January 28, 2008

Punjab Approves Projects Worth Rs 749 Crore

New Delhi/ Chandigarh: The Punjab government''s empowered committee on mega projects under the chairmanship of Chief Minister Parkash Singh Badal has approved industrial and agro projects worth Rs 749.20 crore.

Industrial projects worth Rs 499 crore comprising three manufacturing units and one industrial park besides three agro projects worth Rs 250.20 crore were approved in the meeting of the empowered committee, said the source. Earlier, 9 pending projects worth Rs 1,345 crore were approved by the committee on November 6, 2007. The projects cleared yesterday included that of Kaur Sain Spinners Ltd, Ludhiana ( Rs 120 crore), Jindal Cotex Ltd, Ludhiana (Rs 138 crore), InBeu India International (P) Ltd, Pathankot (Rs 65 crore), Malhotra Land Developers & Colonizers Pvt Ltd, Ludhiana (Rs 176 crore), Khet-Se Agriproduce India Pvt Ltd (Rs 90 crore), Sunstar Overseas Ltd, Amritsar (Rs 44.20 crore) and SKOL Breweries Ltd (Rs 116 crore).

SKOL Breweries is a subsidiary of SAB Miller India which is a part of SAB Miller Plc, a $20-billion global brewing giant with a presence in over 60 countries, employing over 40,000 employees and selling over 17 billion litres of beer with 150 brands worldwide. The company started Indian operations in 2000 and over a period of over seven years an investment of over Rs 600 crore with 10 breweries in nine states has been made. SKOL now intends to build up a greenfield modern brewery at Patiala or Ludhiana with an initial capacity of 15 million litre per annum expandable to 50 million litre per annum, over a period of 3 years.

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