The government said it will set up a crisis management group to monitor relief and rehabilitation efforts.
The group is led by Health Minister Brahm Mohindra, with Revenue Minister Sukhbinder Singh Sarkaria and Technical Education Minister Charanjit Singh Channi as members.
The team has rushed to the accident site to assess and tackle the situation, an official statement said.
Relief and rehabilitation efforts have been mounted by the state government on a war footing.
The injured are undergoing emergency treatment in various government and private hospitals across Amritsar.
The state announced Rs 5 lakh compensation to the kin of the deceased and the Chief Minister cancelled his proposed Israel visit to rush to Amritsar.