Amarinder promises fair real estate policy in Punjab

punjab Updated: May 09, 2017 10:01 IST
Harpreet Kaur
Harpreet Kaur
Hindustan Times
Amarinder,real estate policy,hotel associations

Chief minister Captain Amarinder Singh inaugurating ITL’s integrated tractor plant in Hoshiarpur on Monday.(HT Photo)

Chief minister Captain Amarinder Singh said the new real estate policy in the state would be made in consultation with all stakeholders, promising a fair play to hotel associations and property dealers here.

The CM was presented a memorandum by the two associations on Monday in which they kept their demands regarding the formulation of new real estate policy. Amarinder said he would examine what steps his government could “legally” take to help the hotel industry recover from the “adverse impact” of the Supreme Court ban on sale of liquor along the highways.


The CM also inaugurated a new state-of-the-art tractor production facility of International Tractors Limited (ITL), describing it as a major asset for the state’s progress. Rolling out the first tractor, the CM termed the new plant as a major achievement for Punjab, which was heavily dependent on agriculture for its growth and development. The ITL claimed that the new facility was world’s largest integrated tractor plant, with a total capacity of 3 lakh tractors annually.

Inspecting the plant, the CM said that the high-end tractors being manufactured at the plant under the brand name of Sonalika would be beneficial to the state’s farmers, who needed modern equipment to improve their crop yield and quality.

The inaugural event was attended by the top management of the company, including chairman LD Mittal, vice-chairman Amrit Sagar Mittal and managing director Deepak Mittal.

On the occasion, the management presented a cheque for Rs 1.01 crore for the Chief Minister’s Relief Fund. They also presented a tractor to the CM who gifted the same to Citrus Estate in Chhauni village, which he had visited earlier in the day.

To mark the CM’s visit, ITL announced the adoption of Chhauni Kalan to transform in a world-class village.

First Published: May 09, 2017 09:57 IST