Indian Technomac to set up Rs 196 Cr aluminum granule unit in Himachal

Shimla: High power single window authority today accorded clearance to Indian Technomac Co for setting up a unit to manufacture aluminum granules and quick lime besides approving expansion plans of Panacea Biotec.

Presided over by Chief Minister Prem Kumar Dhumal the single window authority cleared the new industrial proposal by Indian Technomac that involves an investment of Rs 196 crores, a government spokesman stated.

The new unit would create employment avenues for 624 people he added.

The high powered authority also cleared an expansion project of Panacea Biotech which involves additional investment of Rs 18.66 crores, said the spokesman. The expansion unit of the pharmaceutical unit would create 52 new jobs.

Speaking on the occasion Dhumal said that the state was selective in approving new industrial units and only considering those proposals which created new jobs and were environment friendly.

He said that close scrutiny of the proposals was being carried at different level and before bringing such proposals to the authority, seriousness of the entrepreneur was being ensured.

Besides Kishan Kapoo, the industry minister, others present on the occasion included chief secretary S Roy, principal secretary industry PC Kapoor, principal secretary revenue Deepak Sanan, principal secretary finance Srikand Baldi, chairman HP State Electricity Board RD Dhiman and commissioner industries JS Rana.

As Editor, Ravinder Makhaik has nurtured Hill Post for over a decade. A chequered path had him drift from managing family owned apple orchards, to turning a documentary filmmaker, to a journalist - with India’s leading television networks and newspapers, to boot strapping in founding Start-Ups. He lives in Shimla.

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