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“It will be suitable for all kinds of industries – white, orange, green, red, textiles, chemicals, pharmaceuticals, tools, and precision, assembling units, printing press, building material, warehousing solutions, cold storage, engineering and fabrication units, electrical and electronic items, food and food processing, ceramics and refractories, distillery, pesticides and many more,” said Neeraj Kansal, Managing Director, REG.
For sustainable industrial growth of Punjab, the state government has designed a policy around eight core strategic pillars. These are infrastructure, power, MSMEs, ease of doing business, start-up and entrepreneurship, skills, fiscal and non-fiscal incentives. REG Industrial Park is focused on the red zone and will be armed with wide roads of 120 to 60 feet, an effluent treatment plant, solid waste disposal facility, a business center with an exhibition hall, meeting rooms, canteen, clubhouse, laboratories, R&D center, dispensary, and crèche.
“The idea is to offer a 360-degree solution for all industrial needs. It will also have a tool and equipment room and all other civic amenities. It will be a unique investment hub. First of its kind Integrated Industrial Park dedicated to the MSMEs in Tricity giving a big boost to the region’s economy. The project is in tune with the vision of Invest Punjab,” said Piyush Kansal, Director, REG.
The Industrial Park is planned to be built in the most strategically located NH 205A, which is witnessing a traffic volume of around 50,000 per day of highway commuters between Manali-Ambala-Delhi. What’s more! It has clear connectivity to NH-7 and NH-1. NH-7 witnesses 25,000 daily commuters from Chandigarh, Zirakpur, Mohali, Rajpura, and Patiala. The location advantage in turn will give a fillip to the business growth of the Industrial units. Moreover, it lies in the proximity of the dry port at Shambhu bordering Punjab and Haryana. It is also in the vicinity of the Amritsar-Kolkata Industrial Corridor (AKIC).
Talking about the benefits of establishing an enterprise in the planned Industrial zone, Neeraj Kansal, added: “An investor under the Invest Punjab will have the advantage of 100 percent exemption of stamp duty, 100 percent exemption of electricity duty for seven years, and 100 percent exemption from property tax. There will be an investment subsidy too."
Ashish Mittal, Director REG further informed that every buyer of a plot in the planned industrial zone will also get numerous benefits under the Ministry of MSME that entitle them to collateral-free bank loans, one percent interest exemption on the overdraft, 50 percent discount on government fee on trademarks, credit linked capital subsidy scheme for technology up-gradation and other benefits. He said the industrial plots are of 500, 1000, 2000, and 4000 square yards.
It is worth mentioning that established in 1995, Royal Estate Group has developed projects on 100 percent registered land. As many as 21 projects have already been delivered around Chandigarh. It is credited with developing the first Group Housing concept in Punjab. It is a zero-debt company, proactively providing infrastructure and environment to partners to enhance their productivity and profitability. BW
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