The Punjab Government on Wednesday received investment proposals worth Rs 2,600 crore in agriculture, food processing and biomass renewable energy sectors.
Ten memorandums of understanding (MoUs) with regard to new investments projects were signed during the valedictory function of the four-day agriculture summit. The MoUs were signed by Punjab Financial Commissioner (Development) Suresh Kumar on the behalf of the State Government including the one for setting up of ‘Centre of Potato Expertise in Punjab’ amongst the Government of Netherlands, Punjab Agriculture University (PAU) and Confederation of Potato Seeds Farmers (POSCON).
An MoU was signed with P&R Agri Energy for establishing a 20 MW biomass power project with an investment of Rs 125 crore. Nextgen Solux Power Private limited has proposed to set up 100 MW Solar power project at Fardikot and Abohar with an investment of Rs 800 crore. Sampuran Agri Ventures Private limited has proposed to set up 30 MW rice straw based Biomethanation power projects at a cost of Rs 400 crore. Another MoU to set up nine projects for production of bio-ethanol from rice straw and other agriculture waste and molasses at a cost of Rs 900 crore was inked between Bio Echo Energy and State Government.
An MoU was signed between MD Group and Punjab Government for developing a model to solve the wheat and rice waste, besides one with Mrs Bector Food Specialties' limited which will invest Rs 100 crore in food processing sector, the official said. Three MoUs of Rs 20 crore each were signed with KTC Foods, New Haryana Overseas and Navjyoti Agro Food for setting up rice milling units with capacity of 12 Tonnes Per Hour (TPH), 8-10 TPH and 12 TPH, respectively.