Himachal Pradesh pitches for investments from TS

Himachal Pradesh pitches for investments from TS
Highlights

The one and a monthyearold current governmentof Himachal Pradesh HP is all set to attract investors andan investment of Rs 80,000 crore from the forthcoming Global Investors Meetproposed to be held at Dharamshala, Himachal Pradesh on June 10 and 11, 2019 While recently the state of Gujarat concluded its Global Investors Summit, Himachal Pradesh has entered the race for the first time In thi

Hyderabad: The one and a month-year-old current governmentofHimachal Pradesh (HP) is all set to attract investors andan investment of Rs 80,000 crore from the forthcoming Global Investors’ Meetproposed to be held at Dharamshala, Himachal Pradesh on June 10 and 11, 2019. While recently the state of Gujarat concluded its Global Investors Summit, Himachal Pradesh has entered the race for the first time. In this regard, the government has implemented certain changes to its policies.

Speaking at the interactive session with investors in Hyderabad on Thursday, the Chief Minister of Himachal Pradesh, Jai Ram Thakur said, “as ours is a small state, I would not prefer to quote huge numbers, but our target for investments through the Global Investors’ Meet is Rs 80,000 crore.” Replying to a query, he said during the investors meet the MoU would be signed, post which, the government expects the investments to come in within a period of two years.

“We made certain changes in our policies, while we decided toattend this roadshow in Hyderabad. Besides, based on thefeedback received from industrialists,we will bring further changes to the policies accordingly,” the Minister of Industries of Himachal Pradesh, Bikram Singh, said.

He further added that the procedure to set up an industry in HP would earlier require a period of six months, but with the Single window mechanism under the Himachal Single Window Act,the approvals of projects are sanctioned within 15 days.

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