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Virbhadra Singh woos investors in Modi's Gujarat

Having lost out Industrial package, Himachal Pradesh chief minister Virbhadra Singh on Saturday wooed investors in Prime Minister Narender Modi's home state Gujarat.

punjab Updated: Nov 08, 2014 22:12 IST
HT Correspondent
HT Correspondent
Hindustan Times

Having lost out Industrial package, Himachal Pradesh chief minister Virbhadra Singh on Saturday wooed investors in Prime Minister Narender Modi's home state Gujarat.

After successful meetings with in Mumbai and Bangalore, the CM, along with Industries minister Mukesh Agnihotri, held one-to-one discussions with leading industrial houses at Ahmadabad.

Piruz Khambatta, chairman of Rasna Private Limited, a leading soft drinks manufacturer and chairman of the food processing committee of India expressed interest in setting up 'Mega Food Park' in the state with the facility of food processors. It is expected to provide employment to the youth.

Khambatta said apples of Himachal were suitable and better than the ones from China, as per international apple juice concentrates' standards. He alos expressed interest in setting up joint ventures, besides marketing support to Rasna.

He assured to bring out soft drinks tetra packs in the name of 'Rasna Himachal' and to promote brand himachal nationally and internationally.

Vadilal Ice Cream, the second largest company in India after Amul, with three units, also proposed a processing unit for agri products for canned vegetables and otherwise in the lower belts of Himachal.

Torrent group which exports pharmaceuticals to Brazil, America and other countries from its units in Baddi in Himachal Pradesh, expressed willingness to investing Rs 200 crore in bulk drugs and sought permission of the government. They have already invested Rs 325 crore in the state.

Torrent also want to set up 500 MW and 1,000 MW hydel projects for which the CM asked the company to submit the proposal by December 15.

Ramanujan, vice-president of Adani Wilmar Group, who had invested Rs 200 crore in the state for setting up cold storages, intended to expand to Rampur with a CA storage of 3000 tonne, and one CA store unit in Kullu, investing more than Rs 100 crore.

They also requested the government for 10 acre land in Kullu for storing 15,000 tonne of apple.
The Varya Group wished to explore geothermal energy production in Himachal.

Himachali entrepreneurs Komal Agnihotri from Tahliwal in Una, who is with the Gulf Marine Service Shipping Company, proposed to invest Rs 250 crore or more in Himachal in food park projects and having his own land in Tahliwal, Concord Bio-tech intends to invest Rs 50 crore in the biotech sector.
Shah Alloys and Hitachi Hirel also showed keen interest.

Scrapping plan panel stopped financial allocation-CM

During the meeting with investors in Bengaluru on Friday evening, the CM expressed concern over winding up the planning commission. He said no other agency had been constituted and no action plan had come into action in place of it.

He said financial allocations had been stopped midway and added that he would urge the union government to constitute another body in place of the Planning Commission so that adequate compensation and financial assistance can be provided to the state for developmental activities.

"Due to change in regimes, difficulties do arise and if any government plans to change or scrap some policies, it must announce a replacement simultaneously," said the CM.

First Published: Nov 08, 2014 22:11 IST