Tatas to undertake huge infra investments in Punjab: Mistry

Written By Unknown on Minggu, 06 Oktober 2013 | 23.55

Describing Punjab government's development initiatives as "business like", Tata Group Chairman today assured large-scale investments in the infrastructure projects in the state.

Addressing a meeting in the presence of Chief Minister Parkash Singh Badal here, Mistry said in his view "the government was not only the warmest and most spontaneous but also extremely serious and business like in its approach," according to a state government release.

The Tata group delegation headed by Cyrus Mistry held discussions with Badal and Deputy Chief Minister Sukhbir Singh, assuring them of investments by the salt-to-software conglomerate. The Chief Minister also announced constituting of a high-level committee under Chief Secretary for holding discussion with Tatas to firm up investment proposals. Impressing upon Tata Group to invest in Punjab, Badal assured Mistry that the state government would act fast on development of projects.

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 "For this, we have already set in motion governance reforms, aimed at cutting red tape and ensuring efficiency, transparency and accountability in decision making," Badal said. The Group showed a strong inclination to join and supplement the efforts of state government in taking it to the next level of development in education, health infrastructure and e-governance, including online citizen delivery system, it said. Mistry said:

"The group would make massive investments in infrastructure projects to be conceived by the state government in the coming times." He said the company was also working on a number of housing projects in Chandigarh, Mohali and Ludhiana to provide world-class housing facilities for the people. Mistry informed the CM and the Deputy CM that Tata Group was coming up with a number of projects in hotel industry in cities like Amritsar, Ludhiana, Jalandhar and Mohali.

The Chairman of Tata Group said the company was also working on a project regarding the optimum utilisation of solar energy by installing rooftop solar projects over the government buildings. Likewise, proposal to produce solar energy by utilising land around water canals was also in pipeline.

Mistry said the group was also working on a project to utilise the municipal waste to produce energy in the cities. The Chairman spoke about large-scale projects with huge employment potential for local youth, saying that his group believed in training and employing local youth. Notably, today's visit of Cyrus Mistry was the second one to Punjab and his third meeting with Punjab CM in less than six months.



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