In a boost to Punjab Government’s efforts to revive its dying industries, various foreign companies, including from Russia, China and UAE, have evinced interest in setting up business units in diverse areas like defence and metro railway in the State.
On Tuesday, a Sberbank representative on behalf of Russia-based Energo Group Company llC met the Chief Minister Capt Amarinder Singh in New Delhi with a proposal for waste-to-energy projects in the State, offering turnkey solutions for renewable energy projects.
Its Corporate Banking head Vigen Sogomonyan said the Russian Company had done extensive research in Punjab and seeing the State’s agriculture potential, it would like to explore opportunities for setting up a waste-to-energy technological plant in Punjab within the ‘Make in India’ framework.
The plant, according to the Company, would create energy from raw material such as animal dung, agriculture waste etc, said Sogomonyan.
He conveyed to the Chief Minister that a Russian helicopter manufacturing company was also interested in setting up a facility in India.
The Chief Minister said his Government was willing to offer the necessary land and suggested that the Company make a formal presentation to the State Government in this regard. Several companies were also interested in establishing defence manufacturing units in Punjab, he added.
Great Eagle Group’s managing director Kartik Chopra, who also attended the meeting, told the Chief Minister of Beijing’s interest in launching a metro project in ludhiana.
Capt Amarinder said he was willing to explore the possibility after going through the details and asked the delegation to put the Company officials in touch with his government.
Chopra also proposed food processing units for exports to the UAE, to which the Chief Minister responded positively.