New Delhi, July 28 (KNN) The Central Government has sanctioned two Common Facility Centres (CFCs) at a cost of Rs 30 crores for boost industrial development of the state.

The CFCs were approved by the Union Ministry of Micro, Small and Medium Enterprises (MSME) at a meeting held at New Delhi under the chairmanship of MSME Secretary Arun Kumar Panda.

In the meeting, Punjab Industries and Commerce director DPS Kharbanda was also present.

One CFC for manufacturing oil expellers would be established at Ludhiana and the other would be a Foundry and General Engineering cluster at Phagwara.

Each CFC will be developed at a cost of Rs 15 crore each and would become operational within 24 months.

The oil expeller manufacturing CFC, which would be instrumental in boosting the export potential from Rs 100 crore to Rs 250 crore annually, will generate employment for 2000 to 3500 persons.

The Phagwara CFC will produce aluminum based die engines to replace the conventional cast iron based diesel engine, which are commonly used in Agricultural pump-sets for irrigation and de-watering in waterlogged areas.