The State-level Single Window Clearance and Monitoring Authority (SlSWC & MA) of Himachal Pradesh in its 68th meeting approved two new proposals for setting up industrial units in the State and granted approval for expansion of 13 revised proposals of existing units with combined proposed investment of Rs 790.24 crore with employment potential to 1,805 people.
Chief Minister Virbhadra Singh presided over the meeting in which industries minister Mukesh Agnihotri, was also present. The authority approved new proposals of United Biotech Pvt ltd dealing in manufacturing of life saving drugs with an investment of Rs 550 crore having employment potential of 316 people.
Another new proposal of JCO Agro Fresh Pvt ltd with proposed investment of Rs 21.98 crore was approved for setting up cold storage for Apple and other fruits and vegetables at village Kachii, in Theog of district Shimla with employment to about 10 people. The investment of Rs 571.98 crore would be done by both the units.
Among the expansion and modernisation of existing units, the revised proposal of investment of Rs 218.26 crore with employment opportunities to 1,479 people has been approved by the authority.
Pharmaceutical major Ranbaxy in industrial area Baddi proposed to invest Rs 84.70 crore with employment potential to 272 persons for manufacturing of Soft Gel Capsules at Bhatolikalan in Baddi.
The Chief Minister stressed on providing qualitative and uninterrupted power supply to the industrial units. He said that opportunities should be explored to sell surplus power to the neighbouring States for additional income so that the entrepreneurs investing in the state could be provided power at lesser rates.