Dabur India Ltd, with business interest in healthcare, personal care and food products, has got the green signal from the Himachal Pradesh government to set up another medicine manufacturing unit in the state, a senior official said here Thursday.
"The state government gave Dabur the permission to set up one more manufacturing unit in the state. It will invest Rs.130 crore (Rs.1.3 billion)," industries director Manoj Kumar told IANS.
Kumar said the unit would be set up in the Baddi industrial area in Solan district, where Dabur's first manufacturing unit is located.
The single window clearance and monitoring authority Wednesday cleared four investment proposals worth Rs.177.62 crore (Rs.1.77 billion), which included Dabur's second plant in Baddi.
As per the company's proposal, Dabur will set up an allopathy and ayurvedic medicine manufacturing unit.
"Dabur will provide direct employment to more than 400 people," Kumar said.
Since the announcement of the special industrial package in January 2003 by the then Atal Bihari Vajpayee led National Democratic Alliance government at the centre, the state has attracted investment worth Rs.356.77 billion (Rs.35,667 crore) through 11,404 industrial units.
The present Bharatiya Janata Party government in the state is attempting to get the special package extended to 2013; the current industrial package will expire in 2010.