Green energy technology company Pan Global today reports that its plans for developing an environmentally sustainable greenhouse growing operation in Punjab, India, are proceeding as planned and on schedule.
India’s hydroponic greenhouse growing industry is in its early stages, and at this time there are few professional operators, many of which are focused on floriculture (flower farming) rather than crops for human consumption.
Pan Global, via wholly owned subsidiary Pan Asia Infratech Corp., aims to fill this gap with the construction of a hydroponic greenhouse growing operation focused on vegetable crops. The company recently entered into a lease agreement for a five-acre parcel of land located in Punjab for an initial term of 10 years for the sole purpose of building and operating a greenhouse growing facility.
“Our preliminary research indicates there is a large market for our planned greenhouse vegetable production, where product is of higher quality, available on a more consistent schedule and has favorable environmental attributes such as limited or no use of chemical fertilizer and up to 90% less use of water,” Pan Global management stated in the news release.
Pan Global in July retained Dr. Amanjit Josan to prepare a preliminary design plan and market study for a one-acre operation, which is expected to be complete by the end of this quarter. Pan Global will then begin working with a major North American greenhouse equipment supplier to prepare a detailed design plan. The company anticipates that this facility will be operational by fiscal year ending September 30, 2014, if all funding requirements are met.
During the design and construction phase, Pan Global said it intends to seek out partnership opportunities with various local chain food retails stores, high end hotels, and other potential customers to directly market its production.
For more information, visit www.panglobal.com
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