Adani announces setting up of Rs 3700 crore power plant in Punjab | punjab | Hindustan Times
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Adani announces setting up of Rs 3700 crore power plant in Punjab

punjab Updated: Oct 28, 2015 14:17 IST
HT Correspondent
Progressive Punjab Summit

Adani Enterprises chairman Gautam Adani .

Adani Enterprises chairman Gautam Adani announced setting up of a Rs 3700 crore power plant in Punjab during the ongoing Progressive Punjab Summit in SAS Nagar on Wednesday.

Meanwhile, Fortis Healthcare executive chairman Malvinder Mohan Singh has announced setting up of medical university and hospital in Mohali.

While, realty giant DLF vice chairman Rajiv Singh has announced to invest Rs 9000 crore in the state over the next few years, Hero Realty amnnounced to invest Rs 700 crore in a group Housing Project in Punjab. The ICICI bank has also announced to double it’s network of over 200 bank branches in the state.

Earlier,, addressing the attendees, Deputy CM Sukhbir Badal announced that the state would not levy any tax on the new food processing units

He said that the government has fulfilled five promises made during the first edition of the summit, which included providing ease of doing business, 24x7 supply of power, connectivity, establishment of industrial parks, and urban development.

Applauding the state’s progress in power generation, the deputy CM said: “With an investment of Rs 48,175 crore, Punjab has brought up its power capacity from 6205 MW in 2007 to 11,664 MW today. In 2011, we were ranked 17th but in 2015, Punjab has been declared the Best State in Power Utility by the government.”

Terming Punjab the best state in air, road and telecom connectivity, Sukhbir said that Punjab would be the first state to have 4G connectivity in all villages and towns by December.

He also talked about various upcoming projects like Integrated Food Parks at Ludhiana and Phagwara, a Green Tech Valley at Ludhiana and a Defense and Aerospace park at Rajpura.

The two day summit that began at the International School of Business (ISB) campus with top corporate honchos, including Chanda Kochhar, MD and CEO and ICICI Bank Ltd; YC Deveshwar, chairman ITC Ltd; GVK Reddy, chairman GVK Power and infrastructure Ltd; Gautam Adani, chairman Adani Enterprises and Ajay Piramal, chairman, Piramal Enterprises is taking place in the backdrop of immense unrest in the state.

Read: 400 firms promise to pump in Rs 96,000 cr