Mega projects’ panel clears sugar complexes,textile parks with sops

There will be special incentives for the complexes to be set up in border districts like 100 per cent exemption from electricity duty on export of power from the power generation unit for 10 years from the date of production and PML quota of 150 per cent would be given to the distillery and allocation of villages within the radius of 7.5 km as catchment areas.

The same incentives are available for sugar complexes having a sugar mill with minimum capacity of 5,000 TCD and fixed capital investment of not less then Rs 400 crore. They will also be given extra guaranteed buy-back of power by PSPCL for five years or wheeling with charges to independent purchasers in case PSPCL price was less than the exchange traded price,in addition to the allocation of villages within radius of 7.5 km.

The policy approved for the border areas would also be extended to Kandi areas .

Similarly,the high powered committee also approved the policy for development of textile parks having textile processing units from cotton to garment,set up with minimum fixed capital investment of Rs 250 crore in districts of Bathinda,Mansa,Faridkot,Ferozepur,Muktsar,Sangrur and Barnala.

The concessions to the developers of such parks will include 50 per cent exemption from market fee,RDF and ID cess for 5 years or up to 50 per cent of fixed capital investment,allowing 10 per cent of total land acquired by the promoter for commercial use without payment of any CLU,EDC and license fee charges,100 per cent power at doorstep,setting up of their own power plant for self consumption,water at doorstep without department charges,introduction of skill courses and allowing of clubbing of investments in unit setup at multiple locations not more then two on minimum 50 acres. These incentives would be in addition to those admissible under textile policy of state government.

Meanwhile,the committee also approved projects worth Rs 6,350 crore,which included manufacturing units involving an investment of Rs 5,453 crore and agro-based industries with an outlay of Rs 897 crore.