Himachal single window approval for Vardhman, Ganga Knit, Ranbaxy proposals

Shimla: Withdrawal of tax exemption package has not hindered the flow of investment into the hill state as the high level single window clearance authority today approved 8 new industrial project that entail fresh investments of more than Rs 500 crores.

Director industries Onkar Sharma disclosed the project approved today included a Rs 260 crore hosiery unit by Ganga Knit, proposed to be set up at Gagret in Una district.

Other proposals approved included a Rs 210 crore unit Vardhaman Mills and a Rs 50 crore expansion proposal by Ranbaxy, he said.

Presided over by chief minister Prem Kumar Dhumal, the authority expressed concern about various cement plants adopting different polices for exporting clinker to grinding units located outside the state.

Asking for adopting a uniform policy, Dhumal also expressed concern at the price of a bag of cement manufactured within the state being higher than that in the neighbouring states.

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