GOVERNMENT OF PUNJAB

DEPARTMENT OF INDUSTRIES & COMMERCE

 

NOTIFICATION

 

No.CC/JDP/EC/CM/1086                                                   Dated: 9-3-2005

 

            Whereas, with a view to consider and determine a Special Package of Incentives for Mega Projects under Clause 11.1 of Industrial Policy 2003 an Empowered Committee was constituted in Annexure V of the said Policy notified vide No. 5/58/2002/IIB/968 dated 26-3-2003.

 

            Whereas, now with a view to amend the terms of reference of the Committee, the Governor of Punjab is pleased to notify the said Committee at Annexure V of Industrial Policy 2003 as under in supersession to the earlier Annexure V of the Industrial Policy, 2003.

 

  1. Composition

Chief Minister, Punjab                                              Chairperson

Industries & Commerce Minister                             Vice Chairperson

Finance Minister

Excise & Taxation Minister

Minister of State for Industries & Commerce

Chief Secretary

Principal Secretary, Finance

Principal Secretary, Industries & Commerce        Convener

 

  1. Any other Minister or Administrative Secretary whose department is concerned with the proposal under consideration shall be associated with the committee in its detailed deliberations.

 

  1. The Committee will consider and determine a Special Package of Incentives as well as facilitation by way of relaxation of Rules & Regulations and provision of Legal, Institutional and financial dispensation for new as well as existing Industrial units undertaking expansion.
  2. The limit of Fixed Capital Investment by a unit for eligibility of Special Package shall be Rs. 100 crore and above. This limit will be Rs. 25 crore for Border districts.
  3. The Minister for Tourism & Cultural Affairs and Principal Secretary Tourism & Cultural Affairs will be co-opted as Members of the committee for consideration of projects relating to Tourism / Hotel. The eligibility for special package for such new projects will be investment over and above Rs. 5 crore.

6.      No formal examination of proposals put up to the Committee will be necessary either in the Administrative Department or in the Finance Department and decisions of the committee would be conveyed to the concerned departments. All decisions taken by the Committee shall be considered Directives of the Government.

                                                                                     S.C. Agrawal

                                                                                Principal Secretary

Dated : 1st March 2005                             Industries & Commerce, Punjab