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Himachal keen for investment in food processing units

IANS  |  Shimla 

The government is providing all possible assistance to entrepreneurs for establishing and fruit processing units that will help provide employment and strengthen the economy, said on Sunday.

He was speaking through video conference from Shimla after inaugurating Cremica Park, set up with an investment of Rs 110 crore, at Singha village in district.

Processing Minister was also present through video conference from New Delhi, a state government statement said.

Thakur said this has been established under the Mega Scheme launched by the and expected investments of Rs 300 crore, which would not only open new vistas of development in the area, but also strengthening the agricultural economy.

The said the state's biggest advantages for the investors are the availability of quality power at most competitive rates and a peaceful environment.

The state is making all-out efforts to attract investment and is holding a global investor summit in Dharamsala on June 10 and 11.

In his budget speech on Saturday, the said has included Pandoga industrial area in district, Kandrouri in district and Aduwal in district in the list of approved

Enterprises establishing food processing units in these areas will be eligible to get loans at concessional terms and will also be eligible for 50 per cent subsidy on additional investment under Kisan Sampada Yojna of the Union government, he said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 16:34 IST