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The Textile Magazine
APRIL 2012
SEL Textile’s
mega denim
project coming up in Punjab
corporate news
The Punjab Government has signed
a memorandum of understanding
with SEL Textile Ltd. for setting
up a mega project for manufactur-
ing denim fabric and garments in
Muktsar district at an investment
of Rs. 1,485 crores. The project will
come up on 350 acres of land at
Sikh Wala Road, Punjaba village in
Lambi tehsil.
Speaking after signing the
MoU, Mr. Anil Joshi, Punjab
Minister for Industry and
Commerce, said the setting
up of this unit will provide
direct and indirect employ-
ment to 10,000 and 50,000
persons respectively, an of-
ficial release said.
On the occasion, letter of
intents to already approved
projects of six companies
were also handed over by the
Minister. These were Nectar
Life Science, Mohali district,
project with an estimated cost
of Rs. 200 crores; Vardh-
man Special Steel, Ludhiana
(estimated cost Rs. 134.97
crores); Sportking, Bathinda
district (estimated cost Rs.
303 crores); Supreme Tex Mart, Ludhiana (estimated
cost Rs. 103.25 crores); Satluj Spintex, Mansa dis-
trict (estimated cost Rs. 121 crores); and Sharmanji
Textile, Ludhiana, at an estimated cost of Rs. 144.82
crores.
Mr. Joshi also said that industrialists in the State
would now face no difficulty in getting clearances as
the Government will soon be establishing the single
window system wherein all the formalities for setting
up a new industrial unit would be given in one go.
w
Mr. Neeraj Saluja,
Managing Director