19 industries to set up base in HP

Shimla, Apr 5 (UNI) The Himachal Pradesh's State Level Single Window Clearance and Monitoring Authority has accorded its nod for setting up of 19 more new industrial units, including a mega project of Rs 396 crore to be set up by Indian Tobacco Company (ITC).

The clearance to set up 19 industrial units in the state was given at a meeting under the Chairmanship of Chief Minister Prem Kumar here last evening.

Speaking on the occasion, Mr Dhumal said these proposals would be attracting an investment of Rs 1,541.83 crore and generate employment potential for 4,118 unemployed youth of the state.

He said prestigious industrial houses like Indian Tobacco Company (ITC) had proposed to invest Rs 396 crore and similarly India Cements would be investing Rs 244.61 crore in the proposed plant at Jawalapur in Sirmour district, while Shiva Texfabs and Yogindera Worsted would also be making huge investments in the state.

The Authority in its 29 meetings had approved in principle 678 industrial proposals with an investment of Rs 17,987 crore and employment potential of over one lakh people.

He said the state had succeeded in registering 10,591 new projects besides granting permission for expansion of 315 units with a total investment of Rs 29,294 crore and creating employment potential to about 3.70 lakh people.

The state government was closely monitoring the 70 per cent employment condition to Himachalis in all the industrial and hydroelectric projects, he added.

The Chief Minister said that ecological safeguards and interests of the people of the state were being accorded top priority while deciding such investments in the industrial and hydropower sectors in the state.

He said the state offered best investment friendly environment where special industrial package was added attraction to the investors.

UNI AS PS BP1628