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.
State NCP President and Water Resources Minister Jayant Patil, Mumbai party President and Minister Nawab Malik and others visited the martyrs' memorial at the August Kranti Maidan in south Mumbai and paid homage to those who sacrificed their lives for the country's Independence.
He was the prime mover behind the letter written to interim party chief Sonia Gandhi calling for wide-ranging reforms and is also seen one of the leaders who has serious differences with the working of Rahul Gandhi.
Former Punjab Deputy Chief Minister Punjab Sukhbir Singh Badal on Monday urged the Centre and the state governments "to fully acknowledge and honour the contribution of each and every player, in addition to the medal winners, who represented the country at the Tokyo Olympics".
The 'Skytrax World Airport' awards are considered to be the most significant accolade for the airport industry, voted by customers in the largest, annual global airport customer satisfaction survey.
Rahul Gandhi along with other leaders sat with the agitating farmers. He said, "Everybody in the opposition has gathered to extend support against the 'black laws'. We want a discussion over Pegasus, but they (Government) are not allowing the discussion, Narendra Modi has intercepted every Indian's phone with the spyware."
