Chandigarh, Jan 28, 2021 (Yes Punjab News)
To further boost up wood industry, Punjab Government would be setting up dedicated Plywood Park between village Bassi Kasson and Bassi Maroof in district Hoshiarpur, which would bring about 100 crores of investment which would not only provide employment to the local youth but will also increase their productivity as well.
Disclosing this, the Industries Minister Sunder Sham Arora said that this project of Plywood Park would be Special Purpose Vehicle (SPV) driven and 30 members of the All India Plywood Manufacturers Association who have registered a Company in the name & style of Hoshiarpur Wood Park Pvt. Ltd., Hoshiarpur under Companies Act, 2013 on 18.10.2018 for implementation of the project.
The SPV has purchased 58.85 acres of land between village Bassi Kasson and Bassi Maroof in district Hoshiarpur on its own for its proposed Plywood Park which will house wood based industry and is likely to attract investment of about Rs.100 crores, he added.
The proposed park will have units comprising ply board factories, saw mills and chippers etc. The proposed park would not only help in future expansion of the Industry but also help farmers in getting better realization of their produce as the State timber will be utilized within the State. The State Govt. has identified this project of Plywood Park as a project of Key Concern and is according highest priority to it.
The department of Industries & Commerce, Punjab is facilitating the SPV in getting all regulatory clearances and removing hurdles in the way of their proposed project.
The SPV has filed Common Application Form (CAF) for availing incentives / benefits under Industrial Policy of the State Govt. on 30.11.2018 and recently, on the request of the SPV, the concerned departments (PWD(B&R) and Punjab Mandi Board) of the State Govt. have also agreed in-principle for widening & strengthening of the existing approach road from Hoshiarpur Dasuya Road to Bassi Kasso up to Bagpur Kantian at an estimated cost of about Rs.2.25 cr. On receipt of 3 acres of land from the SPV, the Punjab Mandi Board will also establish a Lakkar Mandi in the proposed Plywood Park, the spokesperson said.
It is also envisaged to establish a Common Facility Centre (CFC) with GOI assistance up to Rs.20.00 cr. which will provide common facilities to all plywood units located in the proposed Plywood Park. The Directorate of Town and Country Planning, Punjab has also issued the Change of Land Use (CLU) to the SPV on 17.12.2020 for setting up of the their project of Plywood Park.