Foreign players can invest in Punjab’s health sector

May 21, 2015 12:00 am | Updated 05:51 am IST - Chandigarh:

Punjab Cabinet on Wednesday gave nod to allow foreign players to invest in health care sector, including setting up hospitals in the upcoming Medicity project at Mullanpur in Mohali here.

The decision was taken in a meeting of the Council of Ministers chaired by Deputy Chief Minister Sukhbir Singh Badal here on Wednesday.

To encourage participation of foreign key players in the medical health care and research, the Cabinet gave approval to amend the Land Allotment Policy, 2014, for allotment of plots for setting up hospitals, multi-speciality hospitals, medical colleges-cum-hospitals and medical research institutes in the upcoming Medicity at Mullanpur, also known as New Chandigarh, spokesperson of the Chief Minister’s Office said.

The amended policy allows participation of 100 per cent owned subsidiaries, joint ventures floated by foreign health institutions. It also allows the subsidiary of any parent company to apply for allotment on behalf of the parent company, he said. The Cabinet also approved the proposal to create modern warehousing facility by establishing silos with 15 lakh metric tonne (MT) of storage capacity by the Punjab State Warehousing Corporation.

The traditional system of storage has inherent shortcomings related to shelf life and quality of grains and requirement of land, he said. Steel silos provide a viable and scientific alternative option for bulk storage of grains due to various benefits such as assured shelf life for more than three years, easier grains management, one third land requirement compared to traditional warehouses and much lesser risk of pilferage, he said. The Punjab State Warehousing Corporation would create steel silos having capacity of 15 lakh MT.

To provide better facilities to the sportsperson of the State under its comprehensive sports policy, the Cabinet also decided to make provision of 125 posts in the police department for the players who have won medals at Olympics, Asian, Commonwealth Games, World Cup and other National/ International Competitions. Ten posts will be of Deputy Superintendents of Police, 50 Sub-Inspectors and 65 Constables and all these posts will be kept out of the preview of Punjab Public Service Commission (PPSC) and Punjab State Subordinate Services Selection Board (SSSB) and will be filled on the recommendation of the screening committee to be constituted by the State Government.

The Cabinet also approved to continue with Eastern Mineral and Trading Agency (EMTA) Coal Ltd as the mining contractor of Punjab State Power Corporation Ltd (PSPCL) for mining operations at the Pachwara (Central) Coal Mine in Jharkhand as a transitory arrangement for a period of nine months or till mine developer-cum-operator be appointed by the PSPCL through competitive bidding starts mining operations. - PTI

Land Allotment Policy, 2014, to be amended

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