Punjab offers big ticket projects to Tata group

Chandigarh, July 18 (IANS) Out to woo big industrial houses to invest in Punjab, the state government Thursday rolled out big ticket project plans for various companies of the Tata group.

"Punjab is all set to achieve a major breakthrough in industrialization, urban development, power and infrastructure development with nine leading companies of Tata Group promising to make massive investment in the state after working out the details and economics of various projects short-listed after marathon discussions with Punjab Deputy Chief Minister Sukhbir Singh Badal," a state government spokesman said after the meeting between both sides here.

Led by Tata Motors vice chairman Ravikant, top honchos of various Tata companies like Tata Power, JUSCO, Tata Sons, Tata Housing, TCS, Tata Chemicals, Tata Realty, Indian Hotels and others held discussions with Badal and various ministers and officials on projects in which investment could be made in Punjab.

Badal is trying hard to attract investment in industrial and infrastructure sector in Punjab to give a push to the state's development. The state has not been able to attract much investment in the past three decades.

Ravikant said that it is for the first time that all Tata Group companies have collectively come to a state to have discussion with a state government in contrast to the earlier practice of individual companies having deliberations with states.

Inviting the Tata group to become partner in the progress of Punjab, Badal said that the state has come out with one of its kind of industrial policy, which offers incentives to the investors as per their efficiency and productivity.

He said that the new VAT (value added tax) and CST (central sales tax) retention model, one of its kind in the country, would allow upcoming companies to retain up to 80 percent VAT and CST collected by them rather than to look towards government for reimbursement.

Calling the group to investment in water, sewerage connectivity, power distribution, road development, solid waste management and street lighting projects in leading cities, Badal said that he had planned multi-million projects which could be completed in the next two years.

He said that Tata Motors can also work out a BRTS system for metro cities of Ludhiana, Jalandhar, Amritsar and Bathinda, besides helping the state in the solar city project. He said that the Tata group could invest in power transmission sector also.

The spokesman said that the senior functionaries of the Tata group showed interest in city-level services, BRTS projects, the Ropar-Phagwara expressway, a water project in Ludhiana, power projects, solar project, housing projects and IT city project.

The Tata group officials said that they would get back to the Punjab government within one month after working out the "details and economics" of each project.

Matches

MORE TOP STORIES TODAY

Duminy steals first win for Delhi

Duminy steals first win for Delhi

A furious half-century by the South African spells a five-wicket defeat for Kolkata. More »

AB, Parthiv seal Bangalore's second win

AB, Parthiv seal Bangalore's second win

Royal Challengers overcame a stutter to cruise to the small target they were set by Mumbai Indians. More »

Glenn Maxwell carves his parallel universe

Glenn Maxwell carves his parallel universe

Glenn Maxwell seems to project an icy disdain when at the crease. Match situations rarely faze him and the bubble in which he plays excludes everyone … More »

Srinivasan can attend BCCI meeting

Srinivasan can attend BCCI meeting

His status as president of TNCA makes him eligible to attend the Working Committee meeting on Sunday. More »

No way back for Pietersen: ECB

No way back for Pietersen: ECB

Kevin Pietersen's hopes of reviving his international career appeared to end Saturday when ECB managing director Paul Downton said there was 'no way back'… More »

[REWIND] The world record that nearly wasn't

[REWIND] The world record that nearly wasn't

Twenty years ago this week, Brian Lara became Test cricket's highest scorer, but he almost didn't make it. More »

Moores gets second stint as England coach

Moores gets second stint as England coach

In a two-year spell from 2007 to 2009, the 51-year-old Moores led England in seven Test series. More »

Bangladesh senior players to see shrink

Bangladesh senior players to see shrink

Bangladesh's senior players will have three sessions with a psychological skill development coach later this month More »

BCCI is not anybody’s property — Dalmiya

BCCI is not anybody’s property — Dalmiya

Dalmiya feels that Srinivasan’s ‘power hungry’ attitude isn’t helping matters. More »

KP ridicules idea of day-night Tests

KP ridicules idea of day-night Tests

Kevin Pietersen has ridiculed the idea of day-night Test cricket, saying the game would be so different to proper Test cricket that we will need a whole… More »

Rajasthan edge low-scoring thriller

Rajasthan edge low-scoring thriller

The bowlers restricted Hyderabad to 133 for 6 before Rahane and Binny took Rajasthan over the line. More »

Tough for bowlers: Saeed Ajmal

Tough for bowlers: Saeed Ajmal

The 36-year-old believes the T20 format and rule changes in 50-over matches have made a real difference. More »

Maxwell blitz takes Punjab home

Maxwell blitz takes Punjab home

The Kings XI batsman blasted a 43-ball 95 to help his team pull off a massive chase against Chennai Super Kings. More »

BCCI members want independent probe

BCCI members want independent probe

The board members are realising after the Supreme Court's observations that something has to be done — IS Bindra More »

'BCCI lacks leaders to take on Srini'

'BCCI lacks leaders to take on Srini'

Two former BCCI presidents, Shashank Manohar and Jagmohan Dalmiya, have reacted strongly to the news of the BCCI calling an emergent meeting on Sunday… More »

Delhi look for first points against confident Kolkata

Delhi look for first points against confident Kolkata

Preview — The threat of Sunil Narine looms large again. More »

Bangalore vs Mumbai: A battle of the big-hitters

Bangalore vs Mumbai: A battle of the big-hitters

Preview — Given the firepower in both line-ups, Dubai crowd may see another high-scorer More »

Yuvraj tees off to Sharjah's delight

Yuvraj tees off to Sharjah's delight

Yuvraj Singh was hardly convincing to begin with against Delhi, but a big dose of crowd support and a helping of poor bowling meant he had the opportunity… More »

Stressed Trott stands down again

Stressed Trott stands down again

The England and Wales Cricket Board (ECB) on Friday confirmed that batsman Jonathan Trott is to take another break from all cricket with immediate eff… More »

PCB starts another coach hunt

PCB starts another coach hunt

The PCB has decided to not extend the contracts of head coach Moin Khan, fielding coach Shoaib Mohammad and batting consultant Zaheer Abbas, and has invited… More »

Fiery star Stokes bids to curb his temper

Fiery star Stokes bids to curb his temper

England all-rounder Ben Stokes admits he must keep his anger under control if he is to end his international exile. More »

Bangalore's arsenal blazes to victory

Bangalore's arsenal blazes to victory

Yuvraj Singh was back to his best in his first match for Royal Challengers Bangalore. More »

Pakistan cricketers face probe

Pakistan cricketers face probe

Pakistani cricket authorities have launched an investigation after a number of current international stars played in exhibition matches in the United States… More »

BCCI to meet before next court hearing

BCCI to meet before next court hearing

The BCCI will hold an emergent working committee meeting on April 20 to discuss the future course of action with regard to the Supreme Court hearing concerning… More »