Russian, Chinese Firms Evince Interest In Punjab

Russian, Chinese Firms Evince Interest In Punjab

Companies based in Russia, China and UAE have shown interest in setting up business units in diverse areas, such as defence and metro rail, in Punjab. It was disclosed in New Delhi on Tuesday by an official spokesperson after a meeting between the companies’ representatives and Punjab chief minister Amarinder Singh.

A Sberbank representative, on behalf of Energo Group Company LLC, met the CM with a proposal for waste-to-energy projects in the state, offering turnkey solutions for renewable energy projects. Vigen Sogomonyan, head (corporate banking), said the Russian company Energo had done extensive research in Punjab and seeing the state’s agriculture potential, would like to explore opportunities for setting up a waste-to-energy technological plant in Punjab within the ‘Make in India’ framework.

The plant, according to the company, would create energy from raw material such as animal dung and agriculture waste.

Sberbank conveyed to Amarinder that a Russian helicopter manufacturing company was interested in setting up a facility in India. The chief minister said his government was willing to offer the necessary land and suggested that the company make a formal presentation to the state government in this regard, said the spokesperson. Several companies were also interested in establishing defence manufacturing units in Punjab, said Vigen.

Kartik Chopra, managing director of the Great Eagle Group, also attended the meeting and told the chief minister of Beijing’s interest in launching a metro project in Ludhiana. Amarinder said he was willing to explore the possibility after going through the details and asked the delegation to put the company officials in touch with his government. Read More…

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Credit By : The Times of India

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