Punjab Small Industries & Export Corporation Ltd. (PSIEC) was set up in 1962 with a view to promote small scale industries in the State. The Corporation is involved in the following activities:-
- Development of Infrastructure facilities;
- Deposit works by Engg. Wing;
- Distribution of Iron & Steel Material;
- Marketing of products through Emporia;
- Promotion of exports;
Business Performance:
| Year | Turn Over (Rs. in Lacs) | Profit/Loss |
|---|---|---|
| 2005-2006 | 20116.85 | (+)2689.75 |
| 2006-2007 | 20382.69 | (+)755.16 |
| 2007-2008 | 17001.13 | (+)1309.55 |
| 2008-2009 | 18452.33 | (+)2236.71(Tentative) |
| 2009-2010 | 13380.02* | (+) 985.78(Tentative) |
(01.04.2009 to 31.12.2009)
*It includes expenditure of Rs.446.37 lacs on development of own works of Engg. Wing.
Raw material activity:
Since inception, the procurement and distribution of essential raw materials has been the main activity of the Corporation. Iron and Steel, Pig Iron, spirit, brass scrap and Coal are procured from the main producers/Govt. Deptt., like SAIL. TISCO,VSP, Excise and taxation, Ministry of Defence and Coal India Ltd./Central Coal Field Ltd. etc. and then distributed to SSI Units through out the state for which the Corporation has a net work of Godowns.
The performance of the Raw Material Depot from 1.04.09 to 31.12.2009 is given below:-
| Sr.No. | Material | Targets in Mts for the year 2009-10 | Achievements (MTs) |
| 1. | Iron and Steel | 35,000 | 26357.836 |
| 2. | Pig Iron | 10,000 | 2015.530 |
| 3. | Spirit | -- | 38400 BL |
| 4. | Coal | 46,000 | 12814.940 |
Handling Agency:
The Corporation is acting as handling agent of SAIL,HZL & BALCO at Ludhiana, Mandi Gobindgarh and Jalandhar from where the producers distribute iron and steel, zinc and Aluminum to industrial units in Punjab.
The performance of the Handling Agencies from 1-04-09 to 31-12-09 is given below:
| Sr.No. | Material | Targets in Mts for the year 2009-10 | Achievements (MTs) |
| 1. | SAIL, Mandi-Gobindgarh | 1,00,000 | 81,129 |
| 2. | SAIL, Dhandari-Kalan | 2,50,000 | 1,34,643 |
| 3. | HZL, Suranussi (Jalandhar) | 6,000 | 5,187 |
| 4. | (*) BALCO, Suranussi (Jalandhar) | 1,200 | 210 |
* Agency closed w.e.f. 1-08-2009
EMPORIA WING:
The Corporation is running a chain of seven numbers Emporiums under the name of "Phulkari" at Delhi, Chandigarh, Patiala, Ludhiana, Jalandhar, Amritsar and Kolkata with the objective to promote the interests of small scale units and craftsmen by selling their products through this network.
Considering the fact that promotion of handicrafts imparted for the upliftment of the weaker sections of Society, the Corporation has set up a Crafts Development Centre at Hoshiarpur for procurement, development and marketing of lacquer and inlay crafts.
Performance and targets of Emporia wing during the year 2009-10 is as under :-
| Year | Sale Target (Rs. in Lacs) | Achievements (Upto 31.12.09) (Rs. in lacs) |
| 2009-10 | 703.00 | 454.60 |
ENGINEERING WING :
With a view to have planned industrial growth, the task of development of industrial infrastructure in the state has been assigned to PSIEC by the State Govt., & in turn Engineering Wing(EW) of Corporation is responsible for the development of Industrial Focal Points(IFPs)for expeditious & planned growth of the industry in the state. The Corporation has so far developed several IFPs in the various districts of the state which have been acting as catalysts for promoting industry in the state. In addition EW is also undertaking deposit works for building projects on behalf of various State Govt. organizations namely Punjab Pollution Control Board, Patiala Employees Provident Fund Organization, GOI, Mahatama Gandhi State Institute of Public Administration, Punjab, Chandigarh etc. PSIEC had also constructed a number of prestigious ESIC hospitals/dispensaries/staff quarters in the state at Rajpura, Ludhiana, Jalandhar, Phagwara, Chandigarh etc. on behalf of Employees State Insurance Corporation, new Delhi apart from bus stands at Nangal, Pathankot, Dera Baba Nanak, Nawan Shehar, Hoshiarpur on behalf of Department of Transport, Punjab.
The Corporation has now embarked upon its ambitious plan for the development of additional industrial infrastructure & construction projects, as under:
1. Construction of Forest Complex, Mohali ;
PSIEC is entrusted with the construction work of Forest Complex, Sector-68, Mohali for Rs.2330.00 lakhs. The work has been taken in hand during Sept. 2008 and targeted to be completed by April 2010.
2. Construction of NIIFT building, Mohali ;
PSIEC is entrusted with the construction work of NIIFT building Mohali for Rs.1334.80 lakh. The work has been taken in hand during october 2009 & targeted to be completed by Jan. 2011.
3. Upgradation of external roads of Ph-VIII A & B Mohali ;
The work of upgradation of external roads of Ph-VIII A & B Mohali with total cost of Rs.367.00 lakh has been completed.
The up gradation of roads at IFP Jalandhar is being carried out of ACA scheme alongwith boring/installation of 5 Nos. tube wells is targeted to be completed by May 2010.
4. Industrial Focal Points ;
Development of commercial pocket-II, IFP ph-VIII B, Mohali development of few plots near ICI paints, Phase VIIIB, Mohali work has been completed. Development of few plots ph-VI Ludhiana, is in progress. The work of boring & installation of 2 Nos. tube wells ph-VIII A&B Mohali has been completed.
5. Development of IFPs ;
Govt. of Punjab has allotted 227 acres of land for integrated Industrial Mixed use park at Kapurthala to PSIEC. The plan has been prepared and approved by the Plan Approval Committee on 18-8-2009. PSIEC has carried out its survey & started preparing the estimate.
Export Wing:
PSIEC is a Nodal Agency of Punjab Government for promotion of exports and nominated agency for the implementation of Central Government Scheme known as Assistance to State for Development of Export Infrastructure and Allied Activities (ASIDE). A State Level Export Promotion Committee (SLEPC) has been constituted under the Chairmanship of Chief Secretary Punjab to approve the different Govt. projects under the scheme.
1. Setting up an apparel Park at Ludhiana :-
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Apparel Exports Association of Ludhiana (APPEAL), Ludhiana submitted a project proposal to the Govt. of India, Ministry of Textiles for setting up of an Apparel park at Ludhiana under "Textile Centre Infrastructure Development (TCID)" scheme of Government of India. The Government accorded its approval for the same with the financial assistance to the tune of Rs.17 Crs. A new companyy under the name of Punjab Apparel Park Ltd. was incorporated on 31.10.2003 by the Apparel Exporters Association of Ludhiana (APPEAL) under a joint collarboration agreement with PSIEC. However, there was no investment by the Corporation.
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The Company (Punjab Apparel Park Ltd.) which is run and managed by the Private Association has already acquired/purchased land of 85 acres for this purpose which is located at G.T. Road, Burmalipur, Ludhiana. The total cost of the Apparel Park is Rs. 40.00 Crs. and the company has already incurred Rs. 28.00 Crs. so far on this project. PSIEC has no role in land acquisition. The primary thrust of the park would be provision of State-of-theart industrial infrastructure. For monitoring the progress of the Apparel Park. State Government has constituted a State Level Committee (SLC) under the Chairmanship of Principal Secretary Industries & Commerce, Punjab which would oversee, review and report on the dprogress of the Apparel Park to the Central Government based on which the actual release of funds would be made. The project is likely to be completed by the end of 2010.
2. Setting up of "E-Resource" data base by PSIEC through Proquest Co., USA.
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PSIEC had taken up with Crosstream Consulting Private Limited, Mumbai an authorized Agency of Proquest Company, USA to set up an "E-Resource" Portal. The Agency has completed the portal called "E-Resource" which will provide access to the product called "Dialog Pro-Consulting Module". This module would assist in addressing some of the information needs of the small and medium scale exporters in the State of Punjab. The Module will be having market research databases like Frost * Sullivan, Dun & Bradstreet, ABI Inform etc. It will also provide market intelligence reports, credit rating of international Buyers etc. which are generally not available in any other portal. Passwords of the portal have been provided to the selected Associations of the State of Punjab enabling their members to access information free of cost. The access to the database will be for a period of one year from 1-07-2009 to 30-06-2010.
3. 29th India International Trade Fair - 2009 ;
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On behalf of the Punjab Govt., PSIEC Participated in the 29th India International Trade Fair-2009 (IITF'09) held from 14th to 27th Nov. 2009 at Pragati Maidan, New Delhi.
Estate Wing :
| Sr.No. | Head Of Account | Target (Rs. In Lacs) | Achievements (Upto 31.12.09) (In lacs) |
| 1. |
Recovery of Principal, Cost enhancement, Interest and other income from allottees. |
2800 | 2715 |
| 2. |
Sale of Plots/Commercial Sites. |
3000 | 304 |
