Thailand-based Charoen Pokphand (India) Pvt. Ltd. signed a memorandum of Understanding (MoU) with Punjab government to invest Rs. 571.2 crore for establishing its five modern units in the field of Poultry and Pig Farming in the state.
Panjab “five rivers”, is a geographical region in South Asia comprising vast territories of eastern Pakistan and northern India. In Pakistan, it includes the Punjab province and parts of the Islamabad Capital Territory and Azad Kashmir. In India, it includes Punjab state and Chandigarh union territory and Haryana and parts of Himachal Pradesh, Jammu and Delhi.
The historical region of Punjab is considered to be one of the most fertile regions on Earth. Both east and west Punjab produce a relatively high proportion of India and Pakistan’s food output respectively.
The agricultural output of the Punjab region in Pakistan contributes significantly to Pakistan’s GDP. Both Indian and Pakistani Punjab are considered to have the best infrastructure of their respective countries. Indian Punjab has been estimated to be the second richest state in India. Pakistani Punjab produces 68% of Pakistan’s food grain production. Its share of Pakistan’s GDP has historically ranged from 51.8% to 54.7%.
Called “The Granary of India” or “The Bread Basket of India”, Indian Punjab produces 1% of the world’s rice, 2% of its wheat, and 2% of its cotton. In 2001, it was recorded that farmers made up 39% of Indian Punjab’s workforce.
Disclosing this here today a spokesperson of the Chief Minister’s office said that a delegation of Charoen Pokphand (Thailand) Company led by its Vice-Chairman Chaiyaporn Montha called on the Punjab Chief Minister Parkash Singh Badal here today apprised Badal that their company has planed to invest Rs 571.2 crore in Punjab.
The company would establish its five units namely a Feed Mill (Rs. 120 crore), a Hatchery (Rs. 24 crore), a Breeding Farm (Rs 102 crore), a Broiler Farm (Rs. 324 crore) and a Swine Farm (Rs. 1.2 crore) in the state, adding Montha informed that the CP Group was intend to commence commercial production by the year 2014 and complete the proposed investment by the year 2018.