Chandigah, August 16 (Social News XX) Punjab Agro-Juice Limited (PAJL), led by Prime Minister Amarder Singh, on Monday approved the merger of Punjab Agro Juice Limited (PAGREXCO) with the Punjab Agri Export Corporation Limited, to promote agriculture and horticulture in the state.
The Cabinet approved a merger proposal by the Board of Directors of PAGREXCO and PAJL and the Board of Trustees, chaired by the Secretary-General.
The Punjab Agro Export Corporation Limited (PIC) has authorized the Managing Director, Pun Njab Agro Industries Corporation Limited (PAIC), to carry out all necessary actions and activities after the meeting. To make the integration program and the integration program effective.
The merger with Pegrexco will enable PGL to better use PGL’s resources, create partnerships, expand better economies and operations, strengthen strong farmer forward and backward connections, joint branding and marketing and better consumer access. Finally, it benefits the farmers and the region’s agricultural sector.
Under the terms and conditions of the merger, the new entity is intended as a company and the overall decision-making process is for the Board of Directors.
The chairman of the merger will be a well-known gardener with experience in agriculture.
The Board of Directors is made up of fruits and vegetables, marketing, finance, and so on.
Source – IANS