PUNJAB’S MARKET HOTS UP: MANDI BOARD EARNS Rs. 324-CR VIA E-AUCTION OF 720 PLOTS

Chandigarh : Punjab's market is experiencing a notable upswing, with the Punjab Mandi Board's latest data of e-auction showcasing a strong upward trend after it has earned a whopping Rs.324 crore revenue via e-auction of plots in just six months, informed S. Gurmeet Singh Khudian, Minister of Agriculture and Farmers Welfare, Punjab.

This growth is attributed to Chief Minister Bhagwant Singh Mann led Punjab Government's commitment to fostering a conducive business environment, marked by transparency to ensure competitive and secure environment in the state, he said while adding that the Punjab Mandi Board has achieved a significant milestone by successfully conducting e-auctions for 720 plots across various mandis in the state, generating Rs.324 crore in revenue from December 2024 to May 2025.

S. Gurmeet Singh Khudian stated that the Punjab Mandi Board’s e-auction received an overwhelming response from traders, with 211 plots sold in May 2025 alone, valued at Rs 124 crore. The e-auction included 97 plots in Ludhiana, 30 in Kotkapura, 27 in Kurali, 23 in Talwandi Bhai, 18 in Mehatpur, six in Mohali, five in Rajpura and five in Phagwara.

The Agriculture Minister further informed that the Mandi Board auctioned 48 plots for Rs 28 crore in December 2024, 66 plots for Rs 48 crore in January 2025

S. Harchand Singh Barsat, Chairman Mandi Board said that this initiative is part of the Punjab Mandi Board's efforts to utilise its properties efficiently and generate revenue to further strengthen Mandi infrastructure in the state.

S. Harchand Singh Barsat said that the Punjab Mandi Board has revolutionised its e-auction process by embracing transparency and modern technology to create a competitive and secure bidding environment. This approach promotes transparency, encouraging substantial participation from traders. The e-auction process facilitates competitive bidding, allowing traders to participate efficiently and effectively. Leveraging technology has streamlined the auction process, making it more accessible and trustworthy for participants.

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