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.
Meanwhile, the wreckage of the state roadways bus that fell into a 500 metre deep gorge following the massive landslide was recovered this morning, rescuers said.
Senior Home Ministry officials on Thursday reviewed the status of the investigations in the two rape cases in Delhi with officials of the Delhi Police. The review was done on the instructions of Union Home Minister Amit Shah, the officials said.
All agencies such as the Crime Branch, Intelligence Bureau, Indo-Tibetan Border Police (ITBP) unit, Harayana Police Commandos and Government Railway Police (GRP) have been placed on high alert.
The committee headed by Uttar Pradesh Congress Committee (UPCC) president Ajay Kumar Lallu includes Congress Legislature Party leader Aradhana Mishra, former MPs, MLAs and most of the former UPCC presidents.
A delegation of BJD MPs from both the Houses of Parliament on Wednesday met Union Home Minister Amit Shah at his Parliament chamber and submitted a memorandum in this regard.
