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Mohali drags Rs. 550 crores investment from Sun Group

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Sun Group, UK based company has a plan to invest Rs. 550 Crores in the realty segment of Punjab. Senior officer of Punjab Industries Development said to www.propertykhazana.com that, “Firstly, the company will establish a multi ability venture which will entail the construction of hotels, multiplexes and malls in the Mohali District.” A high level entrustment from the company is led by its chairman Nand Khemka met the envoy of Punjab Government and had talks about their business proposals, said an officer in the Regional Consultant of the Sun Group.
Dilbagh Singh Mangat guaranteed the Chief Minister that the Group is totally happy with the investor gracious atmosphere introduced by the SAD-BJP Government in the State.
Group is planning to reproduce the similar Mohali project in other parts of the state like Jalandhar, Amritsar, Ludhiana, and Patiala and in Bathinda. It can be evoked that the Sun Group has already invested a lot in the renewal of Punjab Wireless Systems (PUNWIRE) for production of Defense Electronics and Civil Telecom items.
CEO of the Doha based Barwa International Group, Ghassan Al Binali who had come with the Sun Group entrustment made a plan for a large FDI in different segments and especially in power sector. For latest updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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