Himachal invites industrial houses to invest in state

Shimla/November 5 (NG News)
Chief Minister Virbhadra Singh on Wednesday said that the government proposed to make Himachal Pradesh an ideal destination for the entrepreneurs.

Interacting with business houses at Mumbai in Maharashtra today, Singh said that state government wanted to make Himachal most preferred destination for industrialists

in the country.

Singh said that at the same time, the government was expecting co-ordination from the industrialists and also seek their participation to make Himachal Pradesh a favourite industrial hub. “The state Electricity Regulator has already announced freezing of the power tariff upto 2018 at one fixed rate and the rates of power in HP were 20 to 30 percent lower than bordering states in Northern India,” Singh said.

“I foresee and I hope that meet would be a platform and an opening avenue for the big business houses to invest in the state,” he said.

The Chief Minister said that the state government together with Confederation of Indian Industry (CII) had joined hands to introduce the potential for investments in various projects in Himachal and the meet was held jointly by the state government and CII.

“The government proposes to invite big industrial houses as to invest in the State and foreseeing the vast potential for the entrepreneurs by assuring ease of business, quality and reliable power, proactive and investor friendly administration besides attractive sector specific facilities. As far as power is concerned, Himachal is a Power state and instead we want to give uninterrupted power to the industrial houses in the state,” he said.

He said that the government endorse and appreciate the role of private players in providing desired impetus to the economy of the State

In the Investor’s Meet, TATA Company limited proposed to invest in Hydro-Power Sector in a big way and proposed to set up five to six projects and that too within a given time period. They also proposed the introduction of cable cars and ropeways in the state.

Interacting with Chief Minister Virbhadra Singh, Arun Nanda, Chairman and Director Mahindra and Mahindra proposed to set up setting up Arts and crafts village and expanding resorts in lower belt of Himachal for boosting tourism and setting up International educational institutes.

Nanda said that Mahindra and Mahindra have purchased their own land in Himachal and if the government steps ahead to extend help in providing land to them at Dharamsala in Kangra district.

Apurva Parekh, Executive Director Pidlite, which at present is a major investor in the state, intends to invest/expand its manufacturing facilities with an additional investment.

Manoj from Amarson limited and Meridian Group offered an investment of Rs 600-700 Crore with interest-area in Solar and Bio Mass energy using obnoxious weed lantana and Pine needles for generating electricity and planning 10 MW Solar Energy project in the
state immediately and a introducing House Boats in Pong besides Bird Culture towers on their own private land.

The Chief Minister welcomed their initiative said that the government was paying for removal of lantana at Rs 10 per quintal or so and there was no dearth of lantana which will also provide indirect employment to the local people. To start with they offered to
produce 250 KW of Bio Mass energy project.

The Chief Minister also welcomed the Proposal of opening Medical Colleges in private sector in the State by DY Patil Group which at present were having as many 230 medical colleges in the Country and the World.

Arti Sharma and Mohnish Managing Director, representing Luminous Power Technology India also sought more investment and expansion in manufacturing facilities with additional investment of Rs 100 crore.

The investors who gathered appreciated the decision of the government for holding such type of meet for the first time and evinced interest keen interest to invest in the state. Few Pharma companies also approached for expansion and investments in the State.
More companies as Glenmark, Hindustan Levers, United Phosphorous Limited, (UPL), HI Tech India Private Ltd besides, many other small and big business houses interacted with the Chief Minister and proposed to invest in the State.

Mukesh Agnihotri, Industries Minister, V C Pharka, Additional Chief Secretary, Tarun Shridhar, Principal Secretary, Revenue, Shrikant Baldi, Principal Secretary, Finance and Taxation, SKBS Negi, Principal Secretary, Power, R D Dhiman, Principal Secretary, Industry and Labour, Rajinder Singh, Director, Industries, Rajinder Chauhan, Advisor Industries and Mohan Chauhan, Director, Tourism were also present on the occasion.