TATA's, Mahindra and Mahindra shows interest in HP power and tourism | punjab | Hindustan Times
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TATA's, Mahindra and Mahindra shows interest in HP power and tourism

punjab Updated: Nov 05, 2014 20:41 IST
HT Correspondent
HT Correspondent
Hindustan Times

Chief minister Virbhadra Singh's meeting with entrepreneurs in Mumbai on Wednesday was apparently fruitful with some of the top industrial houses showing interest to invest in Himachal Pradesh.

Singh, who's leading a multi-disciplinary team, met representative of industrial houses seeking their participation to make Himachal favorite industrial hub.

“Government proposes to make the state an ideal destination for the entrepreneurs and we have envisioned transforming Himachal as the most preferred destination in the country for entrepreneurs and at the same time we expect co-ordination from the industrialists,” said the chief minister, while interacting with the big business houses at Mumbai.
Singh discussed that Himachal government's initiative aimed at attracting investment. “State electricity regulator had already announced freezing of power tariff up to 2018 at one fixed rate” he said, adding that the rates of power were 20% to 30 % lower than bordering state's in northern India.

The state government together with Confederation of Indian Industry (CII) had joined hands to introduce the potential for investments in various projects in Himachal Pradesh.

While extending invitation, assured the business houses of ease business, quality and reliable power, proactive and investor friendly administration besides attractive sector specific facilities.

TATA Company limited proposed to invest in hydro-power sector in a big way and proposed to set up five to six projects, besides, showing interest in cable cars and ropeways.

Arun Nanda, chairman and director Mahindra & Mahindra, discussed investment proposal for setting up arts and crafts village and expanding resorts in lower belt of Himachal Pradesh. Nanda was also keen to establish international educational institutes.

Apurva Parekh, executive director Pidlite, which at present is a major investor in the state, intends to invest/expand its manufacturing facilities with an additional investment. The chief minister assured to extend help in whatever possible manner.

Manoj from Amarson limited and Meridian Group offered an investment of `600-700 crore with interest-area in solar and bio mass energy using obnoxious weed lantana and Pine needles for generating electricity and planning 10 MW Solar Energy project in the state immediately and introducing house boats in Pong besides bird culture towers on their own private land.

Singh welcomed proposal of opening medical colleges in private sector in the state by DY Patil Group, which at present is having as many 230 medical college in the country and the world. Industeries minister Mukesh Agnihotri also prrised about the industrial investment.

Arti Sharma and Mohnish managing director, representing Luminous Power Technology India also sought more investment and expansion in manufacturing facilities with additional investment of rupees 100 crore or so.

More companies as Glenmark, Hindustan Levers, United Phosphorous Limited, (UPL), HI Tech India Private Ltd besides, many other small and big business houses interacted with the chief minister and proposed to invest in the state.