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Grewal appointed as Vice Chairman PSIEC by Industry & Commerce minister Manoranjan Kalia
Chandigarh, Nov. 09, 2010
Punjab Local Government, Industry & Commerce minister Manoranjan Kalia today appointed Mr Sukhminderpal Singh Grewal as Vice Chairman of the Punjab Small Industries & Export Corporation (PSIEC)
Determined to safeguard the interests of the Punjab industry, the newly appointed vice-chairman of the Punjab Small Industries and Export Corporation (PSIEC), Sukhminderpal Singh Grewal, today announced several initiatives simplifying procedures for allowing different clearances to allottees of industrial plots by the corporation.
Grewal, who has recently been appointed, while talking to newsmen here today, said he would ensure and take required steps to facilitate the industrialists to prevent the migration of some of the industries to neighbouring states, attracted by the subsidies being given by the neighbouring state governments.
He said about 3,000 industrial plot holders were being given an additional two-year period to commence production. The extension would be allowed on payment of extension fee at the rate of 1 per cent of the current reserve price of the plot per year as applicable to the focal point concerned.
Grewal disclosed that the transfer of industrial plots in focal points had also been simplified.
He said PSIEC had also done away with the system of recovering a component of transfer fee at the rate of 3 per cent of the current allotment price of plot. It shall now charge only nominal processing fee at Rs 10 per sq yard instead of transfer fee and issue NOC/permission to sale. He further said corporation had also allowed third party mortgage of industrial plots.
Initiatives
3,000 industrial plot holders were being given an additional two-year period to commence production. The transfer of industrial plots in focal points had also been simplified. PSIEC had also done away with the system of recovering a component of transfer fee at the rate of 3 per cent of the current allotment price of plot .
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