Himachal emerging as most favored industrial destination for investors

SHIMLA: The State Government is making all out efforts to develop Himachal Pradesh as the most favoured destination of the investors, which in return would provide more and more job opportunities to the youth of the State, besides generating economic activities in the State.

A spokesperson of the State Government said here today that pollution-free and peaceful atmosphere, rich natural resources, un-interrupted power supply, sound infrastructure, attractive incentives and responsive administration are some of the major attractive inducements which were being offered to the entrepreneurs by the state government.

He said that ‘Industry by Invitation’ had been the motto of the State Government and it was being proactively and assertively followed by organizing special investor’s meets in different parts of the country.

State Level Single Window Clearance and Monitoring Authority has been established in the State which is according approval for setting up of new units within 90 days through a common application form. He said the Authority had cleared 118 projects amounting to Rs.7582.95 crore which would provide employment to more than 11,000 people.

The State Government has reduced Electricity Duty applicable to industrial enterprises in case of Extra High Tension from 15 per cent to 13 percent, for existing medium and large industries from 13 per cent to 11 per cent, for existing small scale industries from 7 to 5 per cent, for new small scale industries it has been fixed at one per cent for first five years. Going a step forward, only one per cent electricity duty would be charged for first five years from enterprise generating employment to more than 300 bonafide Himachalis.

Three State of the Art industrial areas are being developed in Una, Kangra and Solan districts. World class facilities would be provided in these industrial areas to the entrepreneurs for setting up their ventures.

He said that 50 bighas of land had been identified near Ghanahatti near Shimla for setting up a regional office for studying the micro mini and medium industries. The project would cost Rs. 50 crore. The investment promotion cell had been constituted in the State for promoting the industrial investment.

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