Punjab Industries Minister Sham Sunder Arora said that upgradation of Institute for Auto Parts and Hand Tools Technology would transform the State into a global manufacturing and export hub.
The Institute for Auto Parts and Hand Tools Technology at Ludhiana, owing to the persistent efforts of the Punjab Government, has been upgraded under the ASIDE scheme with an investment in plant and machinery worth Rs 12 crores, said Arora.He said that with the start of these technologically advanced facilities in the Institute, Micro, Small and Medium Enterprises (MSME) sector, especially hand tool and auto parts component manufacturers, will benefit and become competitive for global markets and enhance exports from the state.
Now, the MSMEs will have access to world class research and development, testing and manufacturing facilities within the state of Punjab, he said.