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.
After Punjab Chief Minister Amarinder Singh met the party panel on the state in the national capital on Tuesday, former Congress President Rahul Gandhi has stepped in to defuse the tension in the state unit. Gandhi has given utmost importance to the state, meeting stake holders who have sought time from him, said sources.
The Delhi police have arrested two men for breaking into a bank in Shahdara area and fleeing with nearly Rs 55 lakh, officials said. Police have also recovered hammer, chisel, and helmets from their possession.
The induction ceremony was held in the holy city of Amritsar, some 300 km from the state capital, where Kejriwal came on a day-long visit.After joining the politics, Kunwar Vijay Pratap blamed the accused of the sacrilege case for dictating the state government.
Prime Minister Narendra Modi has congratulated the people of the country for a record single day vaccination drive on Monday. Expressing happiness over the fact that 80 lakh people got the vaccine jab on Monday, the Prime Minister praised the frontline Corona warriors for their hard work via a Twitter post.
Delhi Chief Minister Arvind Kejriwal on Friday apprised Lieutenant Governor Anil Baijal of the administration's action plan to battle the possible third wave of Covid in the national capital.
Punjab Police on Friday cracked a multi-crore rupee interstate fake Remdesivir manufacturing racket with the arrest of six people, including the kingpin, who used to black market fake replicas of the life-saving anti-viral drug used to treat critical Covid-19 patients.
