Himachal assures investors to deal with Sec 118 delay in promoting Industries

Himachal Pradesh Government assured the new players who want to invest in a new industrial unit in the state to look into delays being caused in obtaining clearance under section 118 of the state’s land reform and Tenancy Act.

A statement issued by the government spokesperson stated that Chief Minister Sukhvinder Singh Sukhu is keen to develop Himachal as the most preferred investment destination by creating an industry-friendly environment as the topmost priority.

The government would also look into the issue of delay in obtaining permissions under Section-118 of the H.P. Tenancy and Land Reforms Act, 1972. Better infrastructure to be created in major industrial areas of the State to facilitate the industrialists. 

Power supply in all the industrial areas would be strengthened and upgraded to provide uninterrupted power supply to the industries

In order to make the state an industrial hub in the country number of schemes have been launched to provide a conducive environment to potential entrepreneurs.

The spokesperson claimed that the effort improved state ranking in the ease of doing business index, creating an industry-friendly environment and attracting more investments.

 In order to develop the state as a favorite investment destination of the country, various policy initiatives are being adopted by the State including providing various incentives like cheaper power, easier credit facilities through the State Finance Corporation, and the nationalized banks for establishing new industries. 

The land is also being made available on a low-rate lease basis and new industries are exempted from sales or purchase tax.

 Concessions are being provided on charges for transportation of raw materials from the nearest railhead outside the state besides the provision of other marginal benefits.

The State Government is now actively considering abolishing the compulsion of the Essentiality Certificate required from the industrialists to increase industrial investment in Himachal.

 Provision in this respect would be made in the New Industrial Policy. In addition, the Bureau of Investment Promotion is being set up in the Industries Department, which will replace the existing single window system. 

This Bureau would facilitate the potential investors to get all clearances under a single roof. It will provide a Plug-and Play interface to the investors. 

Financial assistance would be given for machinery and equipment in Dental Clinics, purchase of e-taxi, installation of solar power projects up to 1 MW, and fisheries projects along with other enterprises under Rajiv Gandhi Swarozgaar Yojana. 

A subsidy of 50 percent would be provided uniformly to all eligible sections on the purchase of e-taxi. 

The government aims at bringing an investment of about Rs. 20,000 crores in manufacturing, tourism, energy, construction, housing, etc. with the potential of providing direct employment to about 40,000 persons and indirect employment to about 50,000 persons.

Due to the rugged topography of the state, 99 percent of enterprises established in the State come to belong to the Micro, Small, and Medium category. 

The Industries Department would conduct a detailed survey of these enterprises for identifying their problems and apt redressal.

 Unity Mall will be established in the state for promoting the One District One Product concept.

This will help in providing employment opportunities to local youth and also in developing the State as an Ideal Investment Friendly State.

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