Himachal Pradesh Calls for Investment

Himachal Pradesh Calls for Investment

In order to attract investments, Government of Himachal Pradesh along with CII as the institutional partner is conducting a two-day summit here to highlight the state’s industry friendly policies.

“Emerging Himachal – Investors’ Meet” will witness highly powered delegation covering 18 – 20 top officials and decision makers from Government of Himachal Pradesh for one to one business meeting.

“The ‘power-full state’ of Himachal Pradesh has emerged as the ideal destination for investment on account of facilitating government policies. Enabling industrial environment, robust infrastructure, abundant skilled manpower, attractive incentives and concessions for industry,” said a notification.

During the summit, the state will highlight its advantages such as progressive and inclusive economy; facilitative and enabling government policies backed by time bound approvals; robust infrastructure to strengthen industrial growth; and package of incentives including full or partial exemption from luxury tax ED, CST, stamp duty and CLU charges.

It will also include 15 per cent capital subsidy and 75 per cent freight subsidy for 5 years; established land banks with available land; power surplus; and harmonious industrial relations having zero lock-out since inception of the state.

The state Chief Minister, Virbhadra Singh would be joining and interacting with the industry CEOs and top management to share his vision as well as the key initiatives taken to ensure an enabling environment for investors in the state.