Thursday, March 4, 2021
Home India Himachal government approves industrial proposals worth Rs.10,879 crore

Himachal government approves industrial proposals worth Rs.10,879 crore

www.tribuneindia.com
www.tribuneindia.com

Shimla: The Himachal Pradesh government has approved 75 new industrial proposals and cleared 122 expansion projects in two-and-half years, an official said on Sunday.

These newly approved proposals and projects would draw an investment worth Rs.10,879.19 crore, said an official statement here.

The new and expansion proposals would provide employment to over 20,402 people, the statement said.

Multinational companies like United Biotech Pvt. Ltd, Reliance, Mahavir Spinning Mills, Torrent Pharmaceuticals and Himalaya Alkalies & Chemicals Limited have set up their units in the state,  it said.

Ranbaxy Laboratories Ltd, Su-Kam Power Systems Ltd, Procter and Gambles Ltd, Johnson and Johnson Ltd, Mankind Pharma Ltd, Havells India Ltd, Abbott Healthcare Ltd, Torque Pharmaceuticals and Dabur India Ltd have expanded their existing units.

To ensure time-bound clearances for industrial proposals, the government has set up a state-level Single Window Clearance and Monitoring Authority.

“The government has introduced a common application for seeking approval of setting up industries and the approval will be granted within 45 days,” said the spokesperson.

“The investors’ meet has yielded good results as 104 projects worth Rs.4,189.07 crore has been approved by the government. These projects have been given time of two years to seek statutory approvals from the government,” he said.

Several incentives like electricity duty for the specified extra high tension category consumers have been reduced to 13 percent from 15 percent.

Even the electricity duty for the existing medium and large Industries, except extra high tension units, has been reduced by two percent from 13 percent.

For any existing small industry,  the electricity duty has been reduced to five percent from seven per cent and any new small industry would now be required to pay only one percent electricity duty for five years.

The government is developing three state-of-the-art industrial hubs in Una, Kangra and Solan districts.

Official data shows that Himachal Pradesh got maximum investment from 2003 to 2010 when there was a special industrial package of the central government. Most investments were in pharmaceutical, food processing, textile, packaging and light engineering sectors.

(IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Best Sites To Play Andar Bahar Online

By John Graham Playing Andar Bahar is fun, especially when playing on a user-friendly site. It’s a game where you play and win. Besides, it’s...

7 Tips On How To Always Wake Up On Time In College

By Grace Johnson Many students complain that waking up early to go to classes seems to be getting more and more difficult day by day....

US Based OAC To Make The World’s First Space Hotel

If you are a space enthusiast, there is more exciting news as a US-based space construction company, Orbital Assembly Corporation (OAC), is planning to...

Gut Instinct To Figure Out Between Fake And Genuine Reviews

While booking a hotel online, travelers should trust their gut instinct rather than relying on computer algorithms to figure out between fake and genuine...

Study: Customized Diets Could Be Key To Optimizing Mental Health

Lifestyle changes and customized diets could be key to optimizing mental health, a new study suggests. The study indicates that significant customized diets and...

Study: One In Four People, Maybe Living With Some Degree Of Hearing Loss By 2050

Nearly 2.5 billion people worldwide, or one in four people, maybe living with some degree of hearing loss by 2050, and at least 700...

Rare India: Commit To A Life That Puts Planet And People First

The Climate crisis is real, and the travel industry is affected in so many ways that there is an immediate need to address how...

World Wildlife Day: Here Are Some Wildlife Sanctuaries Worth Visiting

With millions of species breathing on earth, the world celebrates Wildlife Day today, March 3, to raise awareness of global flora and fauna. There...

Recent Comments