MAHESHWAR Rao visits Ludhiana industries

Author(s): City Air NewsMaheshwar Rao, Commissioner of Industries, Government of Karnataka visits industrial companies in Ludhiana, namely Hero ecotech and Nexo Industries  on Thursday. Ludhiana, May 23, 2013: Maheshwar Rao, Commissioner...

MAHESHWAR Rao visits Ludhiana industries
Author(s): 

Maheshwar Rao, Commissioner of Industries, Government of Karnataka visits industrial companies in Ludhiana, namely Hero ecotech and Nexo Industries  on Thursday.

Ludhiana, May 23, 2013: Maheshwar Rao, Commissioner of Industries, Government of Karnataka visited three companies in Ludhiana, he met Vijay Munjal in Hero ecotech , Amrik Singh in Nexo Industries and Ravi Mahajan in Mahajan Group of Companies.
He assured the full cooperation in setting up the units in Karnataka. He also assured that the industry will get 24 hour power supply, the price of power will be from Rs. 4 to 5 per unit and during off peak hours there will be a rebate of 120 paisa per unit, cheap labour is no issue in Karnataka, the VAT will be paid back in form of 0% interest rate for five years, the land prices are from Rs. 5 lac per acre to 50 lac per acres.
If some cluster comes government will develop the land, the procurement benefits will be given to the companies, the atmosphere is very safe for industry there.
Vijay Munjal raised the issue of cycle tenders in Karnataka, and request to amend the clauses in the tenders, so that all the manufacturers can participate, the Commissioner assured the full support on this issue.
The NEXO industries raised the issue of availability of land near steel plants, the Commissioner assured that the land around steel plants could be made available at near about Rs.10 lacs per acre.
The commissioner also visited the Mahajan Industries and discussed about the investment proposals and assured them the full co-operation.
Badish Jindal, National President of FASII assured that very soon there will be a meeting with the minister of MSME, KH Munniappa, and on June 10, the FASII has fixed a meeting with the Union Finance Minister to resolve the issue of procurement policy for MSME.

Date: 
Thursday, May 23, 2013