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  • March 01, 2019

Himachal Govt Signs 158 MoUs to Attract Rs 16,856 Cr Investments

The Himachal Pradesh government signed Memorandums of Understanding (MoUs) with 158 companies that will attract an investment of over Rs 16,856 crores and is expected to give employment to about 40,000 people.

Three MoUs were signed with public sector undertakings (PSUs) for an investment of Rs 1,115 crore; 88 for the Department of Industries for Rs 5,243 crore; 36 for the Department of Tourism and Civil Aviation for Rs 2,810 crore; 17 for the Department of Urban Development for Rs 4,332 crore; and five for the Department of Transport for an investment of Rs 2,780 crore, etc.

The Chief Minister Jai Ram Thakur, presiding over the MoU signing ceremony at the Himachal Pradesh Global Investors Meet, said the state was coming up with new policies for industry, tourism, warehouse and logistics, information technology, e-vehicles, films and Ayush. He added that the new industrial policy aimed to establish state-of-the-art infrastructure, promote the manufacturing sector, increase inclusivity, encourage innovation and create employment opportunities across sectors.

He said that entrepreneurs wishing to establish a new industry or undertaking expansion would be entitled to 30% Capital Investment Subsidy subject to a maximum of Rs 5 crore on plant and machinery under the Industrial Development Scheme of the Government of India.

 

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