Himachal Govt. signs 25 MoUs worth Rs. 5000 crore during road show at Chandigarh

Vijyender Sharma | August 14, 2019 01:43 PM

CHANDIGARH: Chief Minister Jai Ram Thakur said that the state government was 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 Road show under the Rising Himachal Global Investor's Meet organised by the Himachal government in association with the CII, Himachal at Chandigarh.

As many as 25 memorandum of understanding (MoUs) worth Rs. 5000 crore were signed with various industrial houses in presence of the Chief Minister during the road show. As of now, 296 MoUs worth Rs. 35,231 crore have been signed by the state government prior to the global investor's meet scheduled in the month of November, this year.

The Chief Minister said that the state government conducted three international road shows at Germany, Netherlands and UAE besides five national road shows wherein positive response was received from the business community. The state received good response in the sectors like manufacturing, food processing, pharmaceutical and tourism. In Netherlands, 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.

He said that the state government also had meeting with the Ambassadors from 50 countries during Curtain Raiser to the Global Investors meet in Delhi and invited them for the investors meet. He said that this road show held at Chandigarh was aimed at meeting the industry leaders and investors from Haryana, Punjab and Himachal.

Jai Ram Thakur 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 financial year 2018 to 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 labour 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.

The Chief Minister said that the State was ranked top amongst Fast Movers Category in Ease of Doing Reforms and the Single Window Monitoring and Clearance Authority reflects our strong commitment to ensuring efficiency, transparency, timeliness and accountability in providing services to investors. He said that the State offers visitors a variety of choices- adventure, wildlife, eco-tourism, heritage, spiritual, monuments, religious, skiing etc.

“We are committed to make sustainable tourism as one of the prime engines of growth in the state by establishing it as a leading global sustainable tourism destination”, he added.

Jai Ram Thakur 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.

He said that the state government was also coming up with investor friendly policies in sectors such as tourism, AYUSH, IT and electronics and hydro energy. The State was organising its first Global Investors Meet for making it globally competitive and a leader among Indian states.

Industries Minister Shri Bikram Singh said that the State had a dedicated Investment Promotion and Facilitation Centre that acts as a centralized on spot solution for investors and provide complete hand holding support in a structured, focused and impressive manner. He said that the State government was adopting a holistic approach to attract investment for the State.

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