ITC to invest Rs. 396 crores in Himachal

The State Level Single Window Clearance and Monitoring Authority has nodded for setting up of 19 more new industrial units at various places in the state which includes a mega project of 396 crores. The mega project would be set up by the Indian Tobacco Company Limited and would generate employment for over 700 people.

Chief Minister Prof. P.K. Dhumal said that the19 new proposals would attract an investment of1541.83 crores. Another project includes 244.61 crore of investment by India Cements. He said that the the state has succeeded in registering 10,591 new projects besides granting permission for expansion of some 315 units with a total investment of 29,294 crores, in turn creating employment potential of about 3.70 lakh persons. Mentioning his previous two meetings with the industrialists, he said that the sessions had been fruitful and the government is providing them with all possible infrastructures.

He further said that the ecological safeguards and interests of the people of the state will always be given a top priority and the government is trying its best to create congenial atmosphere of mutual understanding and cooperation in order to lure more investors and MNC’s.

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