CHANDIGARH: The Punjab Government on Wednesday said it would set up a fund of Rs.150 crore to upgrade industrial infrastructure in a bid to give a boost to industry.

State Industry Minister Manoranjan Kalia said a dedicated fund of Rs.150 crore per year was being planned to create and upgrade industrial infrastructure to contribute to the Centre’s schemes of cluster development, common facility centres, research and development.

Highlighting the State’s programmes and policies, the Minister said a special package of incentives had been given to information technology and bio-technology units and agro-based industries.

Other initiatives

Besides, the Government has taken initiatives including provision of government land at concessional rates and supply of uninterrupted power to provide a fillip to IT and IT-enabled services industry in Punjab. — PTI