The Punjab government on Thursday approved the Rs 276-crore terry towel manufacturing mega project to be set up by M/s. SEL Textiles Limited in Shaheed Bhagat Singh Nagar in the Nawanshahr district.
A decision was taken at a meeting of the Empowered Committee on mega projects chaired by Punjab chief minister Parkash Singh Badal in Chandigarh.
An official spokesman said this mega project to be set up over an area of 125 acre would generate direct and indirect employment for 1,100 and 5,500 persons, respectively.
He said the committee also gave its nod to resolve various pending issues related to 10 Mega projects, which had already been approved by the committee.
These projects are: Nahar Spinning Mills, Malerkotla, Sportking India Ltd., Bathinda, Vardhman Special Steels Ltd, Ludhiana, Wazir Singh Yarns Pvt. Ltd., Amritsar, NDK Hotels & Resorts Ltd., Dalhousie Road, Gurdaspur, PR Infrastructures Ltd., Amritsar Ludhiana Integrated Textile Park Ltd., consortium of M/s Penguin Builtech Pvt. Ltd. & Veer Builders Pvt. Ltd., Amritsar and Chadha Sugars & Industries Ltd.
The empowered committee also decided to continue the department of industries and commerce as nodal agency for the processing of integrated sugar complex cases under the integrated sugar complex policy in view of its vast experience to handle such projects.
The committee also reviewed the status of mega projects and it was decided all the promoters of the mega projects should be asked to furnish quarterly reports.
These reports on progress and the investments made in land, building and machinery should be submitted to the department of industries and concerned general manager of district industries centre so as to have a regular update on investments coming on ground.