Writeup AP 2011-12 - Punjab State Planning Board

etween India & Pakistan. Therefore, Punjab needs to be compensated by allocating
equivalent additional power from the centre sector projects or central pool of unallocated
power on a continuous basis.
INDUSTRIAL DEVELOPMENT
66. New Industrial Policy, 2009 of Punjab has been implemented, under which
special package of concessions has been provided for information technology & knowledge
based industries, agro based industries and food processing industries. In order to promote
the IT/Knowledge industry in the state, new schemes relating to reimbursement of stamp
duty to IT units, providing capital subsidies and other incentives to IT units for quality
certifications etc. have been included in the Annual Plan 2011-12 with an outlay of Rs. 19.00
crore. A fund of Rs. 20 crore has been provided in 2011-12 for creation and up gradation of
industrial infrastructure.
67. In order to boost the development of Special Economic Zones, ‘Punjab
Special Economic Zones Act, 2009’ has been implemented. Under this act, purchase of land
for SEZ and first sale of plots have been exempted from all state duties and taxes including
stamp duty and registration fee. Govt. of India has sanctioned 17 SEZ proposals for Punjab,
out of which two SEZs have been notified and are being set up, one by M/S Quark City at
Mohali for IT Industry and another by M/S Ranbaxy at Mohali for pharmaceutical industry.
Government of India has been approached for removing the condition of minimum
requirement of land by a developer for setting up of a Special Economic Zone.
68. The 9 million metric tons per annum Guru Gobind Singh refinery at an
estimated cost of about Rs. 20000 crore is being set up at Bathinda by M/s Mittal Energy Ltd.
in collaboration with M/S Hindustan Petroleum Corporation Limited. The work of the
refinery is at an advanced stage of implementation and likely to be commissioned in June,
2011. This unit will provide direct and indirect employment to about 30,000 persons.
69. To augment private investment in the state, 69 mega projects involving an
investment of Rs. 42000 crore have been approved during 11 th five year plan. A machine
tools cluster at Batala, with project cost of Rs 59 crore, and another cluster for hand tools at
Jalandhar, with project cost of Rs 79 crore, has been approved by Government of India. First
installment of Rs. 17 crore has been released by GoI for cluster for hand tools at Jalandhar.
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