Punjab Government on Friday received a major industrial boost with a high-level delegation of Taiwan showing “keen interest” in food processing and information technology (IT) sectors and offering to set up hardware units in the State, besides the Centre’s nod to the two projects worth Rs49.50 crore.
A six member delegation led by Representative, Taipei Economic and Cultural Centre in Delhi CK Tien called on Punjab Chief Minister Parkash Singh Badal and evinced keen interest in food processing and IT sector thereby making huge investments in setting up joint ventures in these fields.
Tien apprised the Chief Minister that Taiwan had a well knit network of food processing and IT industry and the entrepreneurs there in these spheres could replicate their success stories in Punjab as there was huge potential of growth in both IT as well as agro-processing industry.
Badal assured the delegation that State Government would provide all possible assistance and cooperation in setting up joint ventures especially in food processing.
Sukhbir offers to setup hardware units
Tien, in his meeting with Deputy Chief Minister Sukhbir Badal later, called for strengthening trade and industrial between Punjab and Taiwan.
Expressing the desire of Taiwan to set up their hi-tech hardware industry in Punjab, Tien said that an industrial delegation from Punjab could interact with Taiwan’s industrial entrepreneurs to work out mutual industrial arrangements.
Dy CM offers to set up separate ‘Taiwan Electronic City’
Inviting Taiwan to setup their industrial ventures in Punjab, Sukhbir offered them to setup a separate “Taiwan Electronic City” in Punjab where units from Taiwan could set up their base.
Sukhbir said that Punjab was emerging as Textile Hub and textile machinery units of Taiwan have their captive consumers in the State. He said that Taiwan with expertise in polymer manufacture could setup its polymer units near Bathinda refinery as this refinery would provide them raw material with its residue.
Plans to set up electronic city in Mohali
later, the delegation also called on the Food and IT Minister Adesh Partap Singh Kairon at Punjab Bhawan to further discussed the modalities for planning investments in IT and food processing sector in view of incentives in the latest investment policy.
Tien assured Kairon that they were planning to set up electronic city in India but shown keen desire to set up the same in the upcoming
IT hub at Mohali following their detailed deliberations with both Chief Minister and IT Minister.
likewise, he also expressed his interest to make lot of investment in food processing as they were already globally acknowledged as a key-player in ‘noodle’ manufacturing industry especially in China and now they were seriously contemplating to enter India particularly in Punjab for this industry as the state was the major producer of wheat and rice.
Punjabobtains approval for projects worth Rs49.50 cr
Punjab Industries and Commerce Minister Anil Joshi on Friday said that the concerted efforts of the Punjab government has borne fruit as the department has obtained approval of two projects worth Rs49.50 crore from the Centre.
The first project is strengthening of Institute for Auto Parts and Hand Tool Technology in ludhiana under Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme, he said, adding that Ministry of Commerce and Industries has approved Rs35.42 crore for that.
“Rs14.07 crore has been approved for Common Facility Centre (CFC), under Micro and Small Enterprises — Cluster Development Programme (MSE-CDP), for manufacturers of sanitary
and bath fittings at Mohali,” he added.