Three mega logistics parks would come up in the Ludhiana district that would act as stimulants for growth of industry, said Sunder Sham Arora, Punjab Industries and Commerce Minister.
Speaking at the Punjab Logistics Conclave 2018, he said that the three parks would be coming up near Kila Raipur village of the district. These include a multimodal logistics park by Adani group, second by Punjab Logistics Infrastructure Limited and the third by Punjab State Warehousing Corporation.
These mega parks would provide complete logistic solutions to the industrial belt of Ludhiana, including industrial hubs in Jalandhar, Amritsar, Bathinda, Sangrur, Patiala, Fatehgarh Sahib and Hoshiarpur, Arora added.
He said “Logistics has been added in the State Industrial Policy as it is the backbone of our entire industry and cannot be left out.”
The Minister further stated that a special cell has been formed by the state government so that the logistics sector is not ignored.
Also, land banks have been developed by the department in different parts of the state and the state government is willing to provide land at reserve price to the industrialists forming clusters.
Till now, 25 clusters have been approved in the state and two new clusters have been approved for Oil Expeller Industry of the district, he added.
The Minister said that for providing a lease of life for sick industrial units of the state, the government is coming up with a One Time Settlement (OTS) policy that would be put up in the next cabinet meeting.