Govt approves projects of Rs 6,690 cr in 18 months
Constituted to facilitate industries, state-level Single Window Clearance and Monitoring Authority had approved 93 projects with investment of Rs 6,690 crore in one and half year.chandigarh Updated: Jul 27, 2014 20:07 IST
Constituted to facilitate industries, state-level Single Window Clearance and Monitoring Authority had approved 93 projects with investment of Rs 6,690 crore in one and half year.
In a statement issued here, official spokesperson said the committee had been established to approve new units within 90 days through a common application form.
“In the last 18 months, 93 projects, including 31 new and 68 proposals of substantial expansion of medium and large scale industrial enterprises involving investments worth Rs 6,690 crore and employment potential of 8,325 persons have been approved,” he said.
He added in addition to this, 109 projects for setting up of new food processing enterprises, involving grant of Rs 6.89 crore have been approved under the National Mission of Food Processing Industries.
Industrial projects approved by the state-level Single Window Clearance and Monitoring Committee were being issued under the Section 118 of the HP Tenancy and Land Reforms Act to purchase private land up to a specified limit immediately.
“This is saving the investor from cumbersome procedure of securing land for setting up industrial units in the state,” he added.
In order to facilitate the industries, the state government has reduced electricity duty applicable to industrial enterprises in case of extra high tension from 17 % to 15 %, for existing medium and large industries from 15-17 % to 13 %, for new medium and electricity duty has been fixed at 5 % for first five years, for existing small scale industries from 9 to 7 %, for new small scale industries it has been fixed at 5 % for first five years.
“Going a step forward, only 2 % electricity duty will be charged for the first five years from enterprise generating employment to 300 bonafide Himachalis,” he added.
He also informed that a food park was being set up in Una district in private sector with the estimate cost of Rs 200 crore. A spice park with a cost of Rs 17 crore was also being set up in the Hamirpur district, for which land has been transferred to Spice Board of India and a Common Facility Centre and Skill Development Centre were being constructed in the Una district.