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Punjab Agro Industries Corporation Limited

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General Procedure

1. Application for approval of mega project will be received in the office of the concerned nodal agency i.e. the Punjab Urban Development Authority for Housing projects, Punjab Agro Industries Corporation for Agro Processing projects and Udyog Sahayak in the Department of Industries for Industrial Parks, Manufacturing, Multiplexes, Hotels and other residual category projects.

2. Application to be submitted in the prescribed format should be accompanied by project synopsis alongwith details of the promoters, location, proposed fixed capital investment, employment potential, implementation schedule and the details of concessions sought.

3. Proposal will be circulated within 7 days of receipt in the office of the nodal agency concerned to the concerned departments for their comments to be given in 15 days.

4. The proposal alongwith comments if any received from the concerned department will be placed before screening committee to be constituted under the Chairmanship of the Chief Secretary and comprising of Administrative Secretaries of the Department of Finance, Industries, Agriculture, Housing, Science Technology & Environment, Power and Excise & Taxation and other concerned departments as may be required, in its next meeting for making recommendations to the Empowered Committee.

5. All Projects, if found eligible will be recommended for the grant of standard concessions by the Screening Committee to the Empowered Committee. The Screening Committee may further identify the special concessions / relaxations in conditions sought by the Promoter for taking decision by the Empowered Committee keeping in view the nature and size of the Project.

6. The Screening Committee will meet every fortnight and consider all the cases received.

7. Recommendations of the Screening Committee will be placed before the Empowered Committee headed by the Chief Minister, in its next meeting which may be held as and when required keeping in view the number of cases recommended by the Screening Committee.

8. After approval by the Empowered Committee and issue of proceedings of the meeting, Letter of Intent (LOI) will be issued within 15 days by the nodal agency concerned to the applicants alongwith Draft Agreement.

9. Status of the application will be indicated on the Web Site, of the concerned nodal agency.

10. On fulfillment of conditions of LOI, Agreement will be signed by the Government in concerned Department with the applicant. Period of 6 months will be provided in the LOI for fulfillment of conditions of LOI and signing of Agreement, failing which, the LOI / Approval will lapse unless extended for further period of not more than 6 months, on the application of the Promoter explaining the circumstances and reasons for seeking extension.

11. Copy of signed Agreement will be circulated to all concerned departments for issue of orders / notifications in respect of concessions pertaining to their department. Screening Committee, headed by the Chief Secretary will also review the status of grant of concessions / clearances. The Department concerned will ensure the grant of concessions and all clearances within one month after the receipt of agreement and on fulfillment of the condition precedent, failing which the matter will be brought to the notice of the Chief Secretary by the Nodal Department for issue of clearance / grant of concessions by the concerned department.

The Administrative Secretary of the concerned Department will issue the notification / order for the grant of concessions / incentives /relaxations as directed by the Chief Secretary forthwith.

 

 
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