4 industrial parks coming up, set to boost economy

Category : Punjab News
Updated On : June 18, 2019 02:05 AM
4 industrial parks coming up, set to boost economy By Indian Times Daily

The government is hoping that its efforts to push industrial growth will get momentum, with at least four industrial parks coming up in the state. All these industrial parks are expected to become functional by next year.

The Industry Department is looking at setting up the global manufacturing park over 1,000 acres in Rajpura; while another integrated industrial park is being developed over 5,000 acres also in Rajpura by a private entity.

Other than this, HPCL Mittal Energy Limited (HMEL) is setting up a “plastic park” near Sangrur and a plywood park is coming up in Hoshiarpur. The idea behind developing these parks is to not just to attract new investment, but also to ensure that the existing industry (plastic in Bathinda and Sangrur and plywood in Hoshiarpur) can be developed using the cluster approach.

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