Punjab gives 62 acres of land to ITC in Kapurthala for food products unit Times of India - 01 Mar 2014 After deciding to allot 62 acres of land in Kapurthala district to ITC Limited, Punjab deputy chief minister Sukhbir Singh Badal handed over a letter of intent (LoI) to the company here on Friday at a public function in the grain market. The company has assured to make an investment of Rs 700 crore for manufacturing food products. The company had signed a MoU with Punjab government during the investors summit at Mohali in December 2013. The chunk of land is in integrated mixed-use Industrial Park, Kapurthala. Meanwhile, Badal announced all assistance to the company for making the prestigious project a success. ITC is required to commission the project within three years. The company claimed that it would also build a logistics hub at the proposed site and generate employment for about 2,000 people. The project would also enhance farmers income as it would be an agro-based plant, Chitranjan Dar, divisional chief executive of ITCs food business said.
Posted on: Fri, 07 Mar 2014 17:11:13 +0000
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