Himachal Govt. signs 25 MoUs worth Rs. 5000 crore during a roadshow at Chandigarh



Chief Minister Jai Ram Thakur Ji said that the state government is committed to make Himachal Pradesh an “Industrial Hub” of the country for which it was providing several incentives to the potential entrepreneurs. He was addressing the Domestic Roadshow under the Rising Himachal Global Investor's Meet organized by the Himachal government in association with the CII, Himachal at Chandigarh on Tuesday.


Till date MoU worth of 35 231 crores has been signed:
As many as 25 (MoUs) worth Rs. 5000 crore were signed with various industrial houses in presence of the Chief Minister during the roadshow. As of now, 296 MoUs worth Rs. 35,231 crore have been signed by the state government before the global investor's meet scheduled in November, this year.
The Chief Minister said that the state government conducted three international roadshows in Germany, Netherlands and UAE besides five national roadshows wherein positive response was received from the business community. The state received a good response in the sectors like manufacturing, food processing, pharmaceutical, and tourism. In the Netherlands, the majority of the investors were interested in food processing, dairy, MSME, research, tourism and wellness and in Dubai, companies showed interest in manufacturing, sports, food processing, logistics, urban development, and tourism.


Per capita income  of state registered a growth of 10 %:
Jai Ram Thakur Ji said that the State is ranked 1st amongst Indian states in sustainable development goals implementation. The per capita income of the State has registered growth rate of 10 percent from the financial year 2018 to the financial year 2019 while the national growth rate was 6 percent. The State has a high worker-participation rate and distinguishes itself on having one of the lowest losses in terms of man-days attributed to labor problems in the country. The State also has a vibrant talent pool and educational ecosystem with premier institutes of national repute and a host of universities, engineering, management and medical colleges in the State, he added.

Food processing industry has abundant Scope:
Jai Ram Thakur Ji said that being a major producer of fruits like apple, plums, apricots, kiwis, walnuts and pears, the State offers abundant opportunity for food processing and allied industries. Himachal offers attractive incentives like concessions/ rebates on fixed land rate, stamp duty, registration fee, SGST reimbursement, transport subsidy within the state under the industrial investment policy to boost investment in the State, he added.

        CM met with various investors:
Chief Minister had a one-to-one meeting with Director Singla Builders and Promoters Aman Singla, who showed interest in investing about Rs 300 to Rs. 500 crore in real estate and resort. The company is already investing Rs 1500 crore in the State. He had talks with CEO Trident Ltd Abhishek Gupta who showed interest in setting up textile manufacturing units.
He had talks with Executive Director, Dalmia Group Harjit Singh, who envisaged interest in setting up a cement plant in the Sunni area of Shimla district. MoU worth Rs. 2500 crore was signed for setting up of cement plant at Sunni.
The Chief Minister held talks with Chairman, Jai Diamond Private Limited Hukam Chand who showed interest in investing about Rs 100 crores in the tourism sector.
The MoU worth Rs 100 crore was signed between the state government and Neeraj Kumar of Aishwarya Life Sciences for setting up of Pharma Plant at Baddi in Solan district.
Another MoU was signed for setting up of 15 MW Power plant in the State with an investment of Rs 300 crore.
Director, Home, and Land Planner Amandeep Singh Gill showed interest to invest Rs. 200 to Rs. 300 in the housing sector.
The CEO of KC Group owning AHG Hotels Vikas Sharma expressed interest in setting up a five-star hotel. The MoU worth Rs. 530 crore was signed for setting up of five-star hotel and senior citizen living and 100 bedded hospital at Kasauli in Solan district.
Chief Minister also had talks with Senior Vice President Sukhjit Starch of Chemical Limited and representatives Sushma Buildtech Ltd.
MoU was signed between the State Government and representatives of Pumpkart K.S.Bhatia worth Rs. 200 crore for setting up of service training centers in the State.
MOU was signed with M/s. Forest Hill Resort worth Rs. 20 crore for expansion of existing resorts in Solan district.

Another MoU worth Rs. 25 crore was signed with HRD Agro Ltd for setting up of Farm to Fork model in Solan district and with M/s Newzen Starch worth RS. 47.72 crore for manufacturing starch and MoU worth Rs 6.33 crore with Pharma Force Lab Unit for setting Coating Ready Mix unit at Paonta Sahib and RS 16.53 crore with Rock N Roll theme park for setting up of Water park at Paonta Sahib. MoU worth Rs. 15 crore was signed with Schott Kaisha for setting up of Glass tube plant, MoU worth RS 11.78 crore with Rajshri Fabric for setting up of non-oven fabric plant at Kala Amb.

       Senior officials also pitched for investment in HP:
Chief Secretary B.K Agarwal said that Himachal Pradesh was poised to emerge as a favored investment destination of the country which had a responsive administration, transparent and prompt approval mechanism to industrial proposals and above all a trained manpower with peaceful environment. He said that the State Government has simplified the policies to ensure speedy approval of investment proposals.
Additional Chief Secretary Dr Shrikant Baldi while presenting vote of the thanks said that the State government would definitely achieve the target of making Himachal Pradesh as the most favoured investment destination of India.
Chairman, CII Northern Region and Chairman and Managing Director Jackson Engineering Ltd. welcomed the Chief Minister and other dignitaries present on the occasion.

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