Amid elections proposed to be held next year, the state government is not leaving any stone unturned when it comes to maintaining its popularity momentum. State government’s prestigious project to have a food park is going to see light of day soon. The food park being set up by FMCG giant Indian Tobacco Company (ITC) is in its final stage and will become operational by February 2017.
According to the sources, the ITC is coming up with multiple units such as Atta products (noodles mainly) and snacks initially and further followed by beverages and dairy products. Sources further said that it is an Rs 1,400 crore project, hence huge machinery needs to be set up. All the machinery cannot be set up in one go for the entire project. Sources said that major part of the construction has been completed and the setting up of machinery is going on in full swing.
Sources said that with the start of the project it will generate employment for about 2,000 people. The project would also enhance farmers’ income as it would be an agro-based plant. “The project was initiated during the third quarter of 2014 and now the investors are aiming to start operations by February 2017. It would be the biggest food products manufacturing plant of the company in India and no tobacco products would be manufactured here,” said a source.
Meanwhile, speaking to Daily Post, Chief Executive Officer with Punjab Bureau of Investment Promotion Anirudh Tiwari said that the project is in its final stage and will be operation soon. “The construction part is almost complete and the operations are most likely to be started within this financial year,” said Tiwari.
Welcoming the move, Federation of Punjab Small Industries Associations president Badish K Jindal said, “It is a good sign for the state’s economy and for furture prospects of locals as well. However, the government should keep in mind the interests of small scale industries simultaneously. In wake of promoting the big industries, the existing small level industries should not be ignored. Taxation facilities, concessional electricity charges and other subsidies should also be introduced to keep small industries alive.”
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