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.
The Kartarpur Corridor: Pakistan is building the corridor from the Indian border to the Gurdwara Darbar Sahib while the other part from Dera Baba Nanak up to the border will be constructed by India.
Gautam Gambhir and Shahid Afridi don't see eye to eye, both on and off the field. Mr Afridi had tweeted on Wednesday that he will soon visit the Line of Control (LoC) to "express solidarity with Kashmiri brethren"
India on Thursday said it was aware of Pakistan's recent ballistic missile tests that were possibly carried out from Sonmiani flight test range located in Balochistan.
Close on the heels of a mob frenzy over bovine love that saw many a lives lost due to lynching by cow vigilantes, a new trend has emerged across states over the last few months, where mass hysteria is created over rumours of child abduction.
Trouble seems to follow Samajwadi Party MP Azam Khan everywhere he goes, after his anticipatory bail plea was rejected Khan on Thursday was booked in a case of dacoity by the Uttar Pradesh Police for usurping a piece of land for a school he built.
