Kerala Chalks Out Schemes Worth Rs 40,422cr For 11th Plan - July 9, 2008

Kerala has submitted schemes worth Rs 40,422 crore to the Planning Commission for clearance for the 11th Five Year Plan. The Chief Minister, Mr V.S. Achuthanandan, said that the Government hoped to get grants to the tune of Rs 3,175.65 crore and loans of Rs 7,529.87 crore from the Centre for the implementation of the Plan. The Plan allocation for foreign-aided projects is Rs 4,861 crore.

The Chief Minister said that the loopholes in the draft Coastal Management Zone (CMZ) notification issued by the Centre had to be plugged to prevent the exploitation of coastal area resources. The draft notification contains enough loopholes that will assist investors in the tourism and construction sectors exploit the coastal areas and the resources.

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.