HP to set up Trade Centre at Baddi to facilitate export

Shimla/ July 11

To facilitate export from the state Himachal government has decided to set up a Trade Centre at Baddi with a estimated cost of Rs. 10.81 Crore. This was disclosed by the Industry Minister, Kishan Kapoor here on Wednesday while addressing the media. He informed that for this the state government has indentified a land measuring 35 bighas and financial assistance of Rs. 5.40 Crore for this project has ben released to BBNDA.

Industry Minister said that French cosmetics giant L’Oreal has shown keen interest in setting up a plant in Himachal Pradesh, the first in northern India. He said the company has plans to invest Rs.400 crore in the manufacturing plant in the state’s prominent industrial belt of Baddi in Solan district.

“The government is facilitating the company to select the land for the plant. Two-three sites have been shown to the company officials but they are keen to set up the unit in Baddi area,” Kapoor added. This will be the company’s second plant in India after Pune, which has a 250-million-unit manufacturing capacity.

This would provide employment to 700 people directly and indirectly, he added.

Kapoor said apart from L’Oreal, another major group — Indorama Industries, the world’s largest producer of polyester, has invested Rs.400 crore in its green field plant in Baddi. “It is now investing more than Rs.1,000 crore in three phases of expansion,” he added. The facility of Indorama Industries Ltd, a subsidiary of the Singapore-based Indorama Corporation, produces spandex filament yarns at Baddi.

The minister said the states industrial sector received a major boost in 2003 following the special industrial package announced by the Atal Bihari Vajpayee-led National Democratic Alliance government.’

“Even after the expiry of the industrial package (in March 2010), the state has attracted good investment proposals. Even the multinational companies have shown interest in making investment in the state,” Kapoor said.

The state had approved 69 industrial proposals worth Rs.3,896 crore and 81 expansion proposals of Rs.7,880 crore after the industrial package. According to official data, as on May 31, 2012 as many as 38,790 industrial units, including 488 medium and large scale, are registered with an investment of Rs.16,287 crore.

During the four-and-a-half-year government of the Bharatiya Janata Party (BJP), 4,265 industrial enterprises with an investment of Rs.10167.15 crore have been established, out of which 115 units are in the medium and large scale sector.

The minister informed that for the welfare of industrial workers the state government has mooted a proposal to set up office of Industrial Welfare Board at each district and these offices would be headed by district labour officers.

He informed that major infrastructure works were being implemented under the various schemes include providing six lanes at Parwanoo  Barrier, setting up of Inland Container Depot, Upgradation of Electrical infrastructure at Baddi and Nalagarh.

He said that Government of India has in principal approval for setting up of Mini Tool Room at Baddi involving project cost of Rs 18.82 Crore  for the purpose of providing training and tooling facility which are required by industrial enterprises.

ENDS