This was stated by S.S. Brar, managing director of the Punjab State Industrial Development Corporation (PSIDC), while addressing a news conference here today. Brar, along with additional MD Kalpana Mittal Baruah, chairman Vinod Jain and other PSIDC officials, was here in connection with an investment meet with local industrialists. He said the proposed legislation would help attract more investment to strengthen the much-needed infrastructure in Punjab.

According to him, seven stretches of national and state highways, seven flyovers and river overbridges and some more railway overbridges had been identified for investment by the private sector.

Brar said that PSIDC, since its inception, had implemented 268 projects at a capital cost of Rs 3,294 crore and generated direct employment for 68,000 persons, besides development of ancilliary industries in the state. Brar claimed that PSIDC had been instrumental in bringing several big business houses to the state and two mega projects being promoted were the refinery to be set up by Hindustan Petroleum and a urea plant with a total investment of Rs 14,600 crore.