Punjab sets up board for agriculture, horticulture promotion
Darpan News Desk IANS, 16 Aug, 2021 12:12 PM
Chandigarh, Aug 16 (IANS) To promote agriculture and horticulture in the state by boosting the crop diversification programme, the Punjab cabinet, chaired by Chief Minister Amarinder Singh, on Monday approved the merger of Punjab Agro Juices Ltd (PAJL) with the Punjab Agri Export Corp Ltd (PAGREXCO).
The Cabinet approved the proposal of the Agriculture and Farmers' Welfare Department for the merger as per the recommendations of the Board of Directors of PAGREXCO and PAJL and the officers' committee headed by the Chief Secretary.
The merged entity would be called Punjab Agri Export Corp Ltd, an official spokesperson said after the Cabinet meeting, which also authorized the Managing Director, Punjab Agro Industries Corporation Ltd (PAIC), to perform all such acts and deeds which are necessary for the implementation of the merger scheme and to make the merger scheme effective.
The merger would lead to better utilisation of resources of the PAJL with the PAGREXCO, creation of synergy, better economies of scale, expansion of operations, stronger farmer connect with forward and backward linkages, common branding and marketing to have a better consumer outreach, which will ultimately benefit the farmers and the agriculture sector of the state.
As per the merger terms and conditions, the new entity is envisaged as a company, and the entire decision making would be vested in the Board of Directors.
The Chairman of the merged entity will be an eminent horticulturist with experience in agribusiness.
The Board of Directors shall be appointed based their professional competencies from the areas of horticulture, marketing, finance, etc.
Amid escalating infighting in Punjab Congress, Chief Minister Amarinder Singh is likely to meet Sonia Gandhi and apprise his side of the story to the interim Congress President.
Light tremors of an earthquake were felt in Delhi and parts of the National Capital Region (NCR) late on Monday evening. Tremors of the earthquake of 3.7 magnitude on the Richter scale were felt at 10.36 p.m.
In a resounding endorsement of India's enduring secular values, an extensive report has found that most Indians respect all religions as it is "very important to being truly Indian" and they are all free to practice their religions.
Congress General Secretary Priyanka Gandhi Vadra on Friday took a potshot at the government over the prices of edible oils, saying that a farmer has to sell one quintal of wheat to buy mustard oil for a month.
The police said that during the intervening night of July 1/2, acting on a specific input regarding the presence of terrorists in the Hanjin Rajpora area, a joint cordon and search operation was launched by the police, the army and the CRPF.
