Himachal Pradesh clears industrial projects worth Rs.15.4 bn

April 5th, 2008 - 9:10 pm ICT by admin  

Shimla, April 5 (IANS) The Himachal Pradesh government Saturday cleared 19 industrial projects worth Rs.15.4 billion ($389 million). “This also includes a Rs.4 billion Indian Tobacco project to be set up in the state which will provide 700 jobs,” said Chief Minister Prem Kumar Dhumal.

“Similarly, India Cements would invest Rs.2.5 billion in the proposed cement plant to be set up at Jawalapur in Sirmaur district, while Shiva Texfabs and Yogindera Worsted would also make huge investments in the state,” he said.

The state single window clearance and monitoring authority met here under the chairmanship of Dhumal.

“The 19 proposals will attract an investment of Rs.15.4 billion and generate employment to 4,118 people,” he added.

Ever since the excise tax holiday in the hill state was offered by the central government in early 2003, Himachal Pradesh has attracted investment proposals worth Rs.292.9 billion.

Tags: , , , , , , , , , , , , , , ,

Posted in Business |