FICO Strongly Opposes Hike in Reserve Prices of Industrial Plots
A meeting of the Federation of Industrial & Commercial Organization (FICO) was held under the leadership of Gurmeet Singh Kular, President, FICO, along with Gagnish Singh Khurana, Head, Agricultural Implements Division, FICO, to discuss the recent revision of the Current Reserve Prices (CRPs) by the Punjab Small Industries & Export Corporation (PSIEC).
City Air News
Jul 9, 2026 07:57
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Ludhiana, July 9, 2026: A meeting of the Federation of Industrial & Commercial Organization (FICO) was held under the leadership of Gurmeet Singh Kular, President, FICO, along with Gagnish Singh Khurana, Head, Agricultural Implements Division, FICO, to discuss the recent revision of the Current Reserve Prices (CRPs) by the Punjab Small Industries & Export Corporation (PSIEC).
The meeting strongly opposed the arbitrary increase in the reserve prices of industrial plots and demanded that the Punjab Government immediately withdraw the revised rates until all long-pending issues concerning industrialists are resolved. The members observed that several crucial matters, including the issuance of pending No Objection Certificates (NOCs), restoration of cancelled industrial plots, and the development of Industrial Focal Points, continue to remain unresolved. They further expressed concern that, despite assurances, meetings of the PSIEC Board of Directors are not being held regularly, resulting in unnecessary delays in decisions affecting the industrial sector.
The members emphasized that, instead of imposing additional financial burdens on industries through higher land prices, the Government should focus on improving industrial infrastructure, resolving pending cases, and creating a conducive environment for industrial growth and fresh investment in Punjab.
Among those present were Satya Pal Saini, Jasmeet Singh, and Surinder Pal Singh, Executive Members, FICO.
