HP has attracted Rs over 21000 crore investments

Shimla, Oct 29: Himachal Pradesh is emerging as an industrial hub of the country with the state attracting proposals for the setting up of 7,768 industrial units, amounting to over Rs 21,250 crore, an official spokesman today said.

The industrial units being set up in the state would provide employment opportunities to 2.88 lakh unemployed educated youth.

The spokesman said a sum of Rs 5,000 crore investment has also been envisaged in bio-technology (BT) in next five years after the Central Government announced special concession for the setting up of the industries in the state up to 2023.

Besides, extension of central industrial package to the state up to 2010, clean environment, uninterrupted power supply, raw material, peaceful atmosphere, simplified procedures with efficient administration and entrepreneur friendly approach was attracting investments to Himachal, he said.

He said extension of the Centre's special package has given a further boost to industrialisation in the state.

The State level Single Window Clearance and Monitoring Authority has facilitated in providing early clearances to proposals for the setting up of the industry in the state.

He said with a view to speed up industrialistion in the state and to attract indigenous and foreign investors and to generate employment opportunities for local youth, the state government has enacted the new Industrial Policy.

UNI