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Industrial sector to get boost with setting up of cylinder manufacturing plant

The investment in the industrial estates of Uttarakhand has touched Rs 30,000 crore. The state government has been saying that they are making all efforts to attract new investment. 

dehradun Updated: Dec 12, 2017 21:02 IST
Abhinav Madhwal
Abhinav Madhwal
Hindustan Times
Uttarakhand news,Industrial sector,Boost
A gas agency employee with the LPG cylinders.(HT Photo)

Dehradun: Apprehensions have been expressed over the level of investments pouring into Uttarakhand after the end of the concessional package to industries in year 2010. It was being said that the industries would move out of Uttarakhand in absence of tax holiday, but the recent moves of the state government seem to have beckoned many investors to the state.

The investment in the industrial estates of Uttarakhand has touched Rs 30,000 crore. The state government has been saying that they are making all efforts to attract new investment.

General manager of State Infrastructure and Industrial Department of Uttarakhand Limited (SIIDCUL),
SL Semwal said that investment is pouring into the state and some textile companies from China have shown interest in setting up units in Sitarganj. He pointed out that the state government was giving single window clearance to the industrialists which was instrumental in pumping investment to Uttarakhand. “This is one of the first cylinder manufacturing units set up in the industrial estate and we hope that this would give a big boost to the manufacturing sector of Uttarakhand”, said Semwal.

It is noteworthy to mention that a Gorakhpur based industrialist had applied in 2015 for setting up a fabrication industry in Sitarganj area. Indian Oil Corporation and Hindustan Petroleum Corporation Limited have been approved of the cylinders manufactured by the company that would be filled with LPG gas for commercial use. The unit has been linked with the Startup India scheme of the state government that promotes startups and entrepreneurs. The cylinders manufactured by this unit have been approved after due testing and it is being said, that they would be supplied to Indian LPG supplying companies as well as companies in some countries in the SAARC nations.

First Published: Dec 12, 2017 21:01 IST