HP CM addresses investors meet at Mumbai
B K Upmanyu | 06 Nov 2014

Lucrative package of incentives was being offered to the entrepreneurs in Industries, Infrastructure, Hydel Power, Tourism, Education sector said Himachal Chief Minister Sh Virbhadra Singh in the Investor meet, 2014 held on late Wednesday in Mumbai.

The meet, organized together by the State Government and the Confederation of Indian Industries (CII)  was attended by as many as 500 industrialists which had gathered to learn more about the incentives and packages the Himachal Pradesh Government was offering.

He said that the purpose of the meet was to acquaint the entrepreneurs and invite them to Himachal to invest as today our State was the most progressive State in the Country with the share of secondary sector in the Gross State Domestic Product (GSDP) to around 40 percent with growth rate of 12 percent in manufacturing sector. Our State again is the best with the highest per capita public expenditure of rupees 377. Despite being hilly State we have five National Highways crossing through it with a total road length of 35000 kilometers of roads out of which 2415 is double lane roads and was leading in the field of education, he said.  

" We are leading in all the fields and have 47 industrial estates in the length and width of the State with good connectivity and near rail heads and  surplus power and have decided that we will not sell the power to other States and will rather use it for Industries and domestic use" said he taking a jibe  that 'it is easy to sell electricity but difficult to recover the money by selling it' and  we have decided to use electricity  within the State. He said that in a competitive world we have to keep pace with the development and we have to adopt ourselves to  new changes and techniques and a committee had been formed under his Chairmanship to look into the grievances of the Industrialists and solve them there and then.

Apart from Industries, tourism has a wide potential, Skiing, ropeways, resorts, cable-cars, etc were other areas of investing in the State. He said that the State has adopted 'Zero tolerance towards Corruption' and we assure that all the modalities regarding clearances be solved within 90 days under single window clearance. India lagged behind in pre- independence era due to Europeans having sway over the resources, but today India has emerged as one of the big industrial centre where even European and Western  Nations were looking towards India to invest in. "That's really  a huge leap in the industrial sector in the Country and our State was treading fast on the path of growth and industrialization . I am happy that new entrepreneurs were entering in the business and  I hope that Himachal will offer a congenial environment to them, he added.

The Chief Minister gave open invitation for the business houses to approach him for any queries and suggestions. Many offers and proposal poured in and the industrialists were happy over the development taken place in Himachal with improved road infrastructure. The Chief Minister  assured to take up the matter of expansion of railways in the State from Bhannupalli to Bilaspur-Mandi and thereupon routing through heart of the mid Hills of the State connecting with rail head at Pathankot.

He also interacted with the industrialist on the occasion. They expressed their happiness of the State's Zero tolerance towards corruption and said that the industrial houses were  interested to establish themselves in such a zone where corruption was zero.

Suggestions and proposal poured in for opening and promoting  Educational Tourism and agriculture based Beatroot ethanol industries, skill development sector in Himachal and many Himachalis, settled in Mumbai were  eager to invest in Small and Medium industrial units in the State.

Earlier Sh R.Mukunandan Managing Director, TATA chemicals and immediate past chairman of CII welcomed the Chief minister and other dignitaries on the occasion.

Earlier Sh Mukesh Agnihotri, Industries Minister, while speaking on the occasion thanked the Big Business houses for taking keen interest in the meet and for gathering in large number to attend the meet. The sole motto of the State Government wants that "Industries by Invitation" adding that State was having quite industry friendly environment.  He said that the State Government  was open to big business houses so that besides providing employment to the people of the State it would also have to improve the economy of the State. He said that many long pending formalities just on the basis of the grievances received by mails or letters by business houses  was looked after and resolved. Himachal was heading towards becoming an industrial hub of the State and many reputed business houses were heading towards.

Citing example of 'Vardhman'  group the minister said that they intend to invest a Rs 500 crore project in the State. Besides the TATA group were keen to invest in real estate, power sector and tourism and had deliberated on the issue today itself. He said that Cadburry, TVS, Dabur and many mineral water plants  have entered Himachal. Besides Proctor and Gamble, godrej Ranbaxy and  Lo'oreal  were keen for expansion and  investment Rs 500-550 crore projects each. Nadeem Shravan was willing to open Film Industry in the State. He said that the land bank was ready in the State in the Industrial belts of the State.

He also thanked the CII for organizing the whole affair so effectively.

Sh. Mukesh Agnihotri, Industries Minister, Sh. P.Mitra Chief Secretary, Sh VC Pharka, ACS, Sh Tarun Shridhar, Principal Secretary Revenue, Sh. Shrikant Baldi, Principal Secretary, Finance & Taxation, Sh. SKBS Negi, Principal Secretary, Power, Sh. RD Dhiman, Principal Secretary Industry &labour, Sh Rajinder Singh, Director, Industries, Sh Rajinder Chauhan, Advisor Industries, Sh Mohan Chauhan, Director, Tourism were also present on the occasion.