Chandigarh, March 11 -- Two days after the Punjab government announced its new industrial policy, leading industry players Cremica and JL Oswal Group have declared their expansion plans involving investments worth Rs.2,000 crore in the state.

Industries, commerce and investment promotion miniser Sanjeev Arora said Mrs Bectors Food Specialities would invest Rs.400 crore to establish a state-of-the-art food processing unit at its existing Rajpura facility. "This new unit is expected to generate direct employment for around 1,000 persons," he said at a press conference. Anoop Bector, managing director of Mrs Bectors Food Specialities Ltd, and Amit Dhaka, CEO Invest Punjab, were also present.

A leading food processing company with sales of ...