Punjab cabinet gives nod for setting up two industrial parks

Punjab cabinet on Wednesday approved setting up of two industrial parks in Ludhiana and Patiala at a total cost of Rs 3,200 crore.

Aimed at boosting state's ecomy, modern industrial park and integrated manufacturing cluster would come up over an area of 2,000 acres on government and panchayati land near Mattewara (Ludhiana) and Rajpura (Patiala).

two projects would be instrumental in accelerating pace of industrialisation and creating ermous employment potential to ensure state's ecomic progress, an official spokesperson said after a meeting of cabinet, chaired by Chief Minister Amarinder Singh, through video conferencing.

To be set up at a cost of Rs 1,600 crore each, projects will cater to needs of prospective entrepreneurs/industrialists for setting up ir ventures expeditiously, in line with urgent need to develop such industrial/ecomic hubs in state.

panchayati land for said projects would be purchased by Housing and Urban Development department for development as mixed land use/industrial park/IMC, spokesperson said.

Integrated Manufacturing Cluster (IMC) near Rajpura would be developed with assistance of National Industrial Corridor Development Corporation, spokesperson said.

Meanwhile, cabinet also gave its d for increasing mutation fee from Rs 300 to Rs 600, which would help d nearly Rs 10 crore to state exchequer.

mutation fee set by government for revenue collection is very low, and was last increased in October 2012, when it went up from Rs 150 to Rs 300, according to a spokesperson of Chief Minister's Office.

With increasing expenditure burdening state's exchequer, state government has decided to increase mutation fee after a long period of eight years, he said.

Mutation refers to recording of transfer of title of a property from one person to ar in revenue records.

cabinet also approved an increase in number of attempts for candidates belonging to ex-servicemen category for Punjab State Civil Services Combined Competitive Examination.

With this approval, number of attempts for general category ex-servicemen candidates would increase from existing four to six, and four to nine for Backward Classes ex-servicemen category in PCS (Executive) and allied examination, while Scheduled Castes ex-servicemen candidates would continue to get unlimited chances.