Companies from Russia, China, UAE keen to do business in Punjab: Govt | punjab | Hindustan Times
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Companies from Russia, China, UAE keen to do business in Punjab: Govt

Vigen Sogomonyan, head, corporate banking, said the Russian company Energo had done extensive research in Punjab and seeing the state’s agriculture potential, would like to explore opportunities for setting up a waste-to-energy technological plant in Punjab within the `Make in India’ framework.

punjab Updated: Aug 08, 2017 19:22 IST
HT Correspondent
Vigen Sogomonyan, head corporate banking, Sberbank (Centre) with Punjab chief minister Captain Amarinder Singh and finance minister Manpreet Singh Badal at New Delhi on Tuesday.
Vigen Sogomonyan, head corporate banking, Sberbank (Centre) with Punjab chief minister Captain Amarinder Singh and finance minister Manpreet Singh Badal at New Delhi on Tuesday.(HT Photo)

Companies from Russia, China and the UAE have evinced interest in setting up business units in areas such as defence and metro railway in Punjab. Representatives of these companies met Punjab chief minister Captain Amarinder Singh on Tuesday.

A Sberbank representative, on behalf of Energo Group Company LLC, met the CM with a proposal for waste-to-energy projects, offering turnkey solutions for renewable energy projects.

Vigen Sogomonyan, head, corporate banking, said the Russian company Energo had done extensive research in Punjab and seeing the state’s agriculture potential, 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.

Sberbank conveyed to the CM that a Russian helicopter manufacturing company was 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, a spokesperson said. Several companies were also interested in establishing defence manufacturing units in Punjab, said Vigen.

Kartik Chopra, MD of the Great Eagle Group, also attended the meeting, and told the CM of Beijing’s interest in launching a metro project in Ludhiana. Captain Amarinder said he was willing to explore the possibility after going through the details and asked the delegation to put company officials in touch with his government.

Chopra also proposed food processing units for exports to the UAE, to which the CM responded positively, according to the spokesperson.

Others at the meeting included Punjab finance minister Manpreet Badal and senior officials of the finance department.