Friday, August 8, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Punjab industry expands into technologies

Fiinews by Fiinews
September 6, 2018
in Banking & Finance, Industry Sectors, Investment, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Digitization CoE for Ludhiana

 

Finance Minister Manpreet Singh Badal and Cabinet Minister for Public Works and IT, Vijay Inder Singla interaction with media in Singapore 4 Sept 2018.

 

Punjab business community is expanding into new areas including a digitization centre and electronic-vehicles, according to the state’s business leaders.

Renowned for its strong agri-sector, which seeks large scale Food Processing technologies and expertise, the state’s business community is also diversifying into advanced industrial and tech-driven industries.

“We are creating a Centre of Excellence for digitalization in Ludhiana,” Upkar Singh Ahuja, President of the Chamber of Industrial & Commercial Undertakings in Ludhiana, said on Tuesday, the second days of Invest North trade mission to Singapore.

“We have got some good consulting company,” added Ahuja who is also managing director of the Ludhiana-based New Swan Autocomp Pvt Ltd.

“We are also looking for some joint ventures, mergers and acquisition. We have met consulting companies and we hope they will add value to our industries,” said Ahuja who was part of the Invest North, a first overseas trade promotion campaign by India’s northern states which included Uttarakhand and Uttar Pradesh.

Elaborating on new technologies being sought for North Indian states, HMS Group chairman Pankaj Munjal said E-bike is the future cost-effective transport mode for a common man in India.

“E-bike will be the centre of gravity for upcoming high-tech Cycle Valley,” said Munjal whose group has made a Rs.200 crore commitment to cycle manufacturing in the planned convention centre in Ludhiana.

Finance Minister Manpreet Singh Badal endorsed the electric-vehicle plans, pointing out capabilities of the state’s strong tractor and cycling industries as auto-component vendors.

Highlighting investments in the flourish agri-sector, especially for establishing multi-billin-dollar food processing industries, Badal said technologies were being sought for e-vehicles.

The Punjab government has planned three convention centres, two of which will be located in Amritsar and Mohali for food processing and IT parks among other advanced technology-based industries.

These three projects will cost about US$120 million and will be developed on Public Private Participation mode.

But most of the investments in Punjab is expected to draw equity investments, added Rupinder Singh Sachdeva, chairman PHD Chamber of Commerce and Industry.

Punjab’s secondary steel processing hub at Mandi Gobindgarh has also won investors’ attention for growing steel demand in India.

“The steel industry demand is strong, especially from the Indian government’s mega infrastructure development plans,” observed Hemant Sharma, managing director of the Singapore-based Risheek Global Pte Ltd.

Limiting Chinese steel imports have resulted in strong demand for Indian steel sector, which makes it “very attractive” for investments, he pointed out.

Sharma, the Singapore-based NRI who participated in the Invest North, is studying investment opportunities in the Mandi Gobindgarh steel plants.

Meanwhile, Sachdeva hopes India and Pakistan bury their hatches one day and open the doors at Wagah border which will boost Indian exports to Central Asian markets.

The Invest North trade delegation, led by the Confederation of Indian Industry, had a number of B2B meetings with Singapore investors, businesses and engineering exporters including Surbana Jurong, Meinhardt Group, Temasek and Changi Airport. fiinews.com

Tags: Manpreet Singh BadalState Finance Minister
ShareTweetShare

Related Posts

Khushtech
Technology

Tech: KhushTech to launch D2M phone in India

by Fiinews
August 8, 2025
0
11

Tejas-Sinclair work products for D2M deployment KhushTech Korea Co Ltd is to introduce the world’s first Direct-to-Mobile (D2M) feature phone...

Dhruva Advisors
Investment

Invest: India repositions as strategic hub for capital

by Fiinews
August 8, 2025
0
12

Report offer clarity on regulatory roadmap India’s growth trajectory has captured the attention of the global investment community and the...

Synechron Logo

Tech: Synechron expands CyberAI program

August 7, 2025
13
ERGO

Tech: CamCom-ERGO work in Europe

August 5, 2025
13
Bsnl

Tech: BSNL-NRL work on 5G CNPN

August 5, 2025
14
CM Naidu 3

Invest: AP CM woes Singapore investors

August 2, 2025
23
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: KhushTech to launch D2M phone in India
  • Tender: India expects 1,000GW Renewables by 2035
  • Invest: India repositions as strategic hub for capital
  • Tender: MDoNER approves 15-km road in Assam
  • Project: MoFPI releases Rs.6,411.61cr Grant-in-Aid

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.