19 April 2022
In what will give a major boost to industrial development, investment ecosystem and economy of the region, Royal Estate Group (REG) is coming up with a state-of-the-art Industrial Park – Mohali Industrial Economic Zone(MIEZ) on the Banur -Tepla Road(BTR). Expected to be spread over 250 acres of land, MIEZ is based on the integrated development principle – live, work and play and will have the best-in-class infrastructure. Directors of REG Piyush Kansal and Ashish Mittal interacted with the media here to share details of the one-of -a-kind industrial project.
“We have acquired the land for the mega project and have also got a Change of Land Use (CLU) for the same. Work is progressing on a war footing and we will soon establish MIEZ which 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 storages, engineering and fabrication units, electrical and electronic items, food and food processing, ceramics and refractories, distillery, pesticides and more,” said Piyush Kansal, Director, REG.
For sustainable industrial growth of Punjab, the state government under ‘Invest Punjab’ 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.
The Plan is to offer a 360 degree solution for all industrial needs. It will have effluent treatment plants (ETPs), a skill development centre, an R & D centre, tool and equipment room, wide concrete roads and all civic amenities. “It will be a unique investment hub. First of its kind Integrated Industrial Park dedicated to the MSMEs. The project is in tune with the vision of PM Modi to make India self reliant. It is also in line with objectives of the Punjab government under ‘Invest Punjab’, ” said Ashish Mittal, another Director at REG.