State govt. looking for ways to revive Nahan Foundry

Single window meet clears 12 Projects that have an investment Potential of Rs 403 crores

The government is to explore the possibility of reviving the Nahan Foundary, even as the high level single window meet today cleared 12 new project proposals which have an investment potential of Rs 403 crores and creating about 1800 new job opportunities.

Presiding over the State Level Single Window Clearance and Monitoring Authority meet chief minister Virbhadra Singh asked the industry officials to examine options for utilization the prime real estate properties of the Nahan Foundry, so that it could be revived. “Products manufactured at the prestigious foundry were still visible as landmarks in many major cities of the country” said Virbhadra.

He said that though the government had been making concerted efforts to revive the foundry and was in touch with various business houses who could take up the premises for starting the old industry or start afresh.

The chief minister said that during last four and half a year the state had succeeded in attracting investment of Rs 27,381 crore wherein employment potential of 3,37,391 had been explored at all levels.

He said that though the state was late to industrial development but it was capable of creating standardized infrastructure that could cater to the best industrial environment. The state had sufficient floating power, land and water to meet the industrial requirement he said adding that the state was not encouraging polluting, heavy power consuming and low employment potential industrial units as the environment of the state was dear and there could be no compromise on this matter.

The chief minister said that land for Inland Container Depot had been selected and approved by the competent authority. “Construction work was likely to start in the near future facilitating the industrialists to carry their export and import activities more conveniently” he said.

The meet was also apprised about the Baddi-Barotiwala-Nalagarh Development Authority having become functional for improving the basic infrastructure in the new industrial township.

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