Himachal to have new industrial policy

Shimla, March 28 (IANS) Himachal Pradesh is framing a new industrial policy to attract more investments as 215 industrial units have closed down during the last five years, Industries Minister Mukesh Agnihotri told the state assembly Thursday.

“We are looking into the reasons why the state has failed to attract investment. A new industrial policy is being framed with an aim to invite more investments,” the minister said in a written reply.
Agnihotri said that 3,835 industrial units were set up during last five years.
He said that in the past 10 years, the state had approved industrial proposals worth Rs.48,000 crore. “But we got investment worth only Rs.13,000 crore during this period.”
The minister said the government has identified shortcomings in the existing industrial policy and these would be overcome in the new one.
Tourism as well as horticulture and hydropower generation are major contributors to Himachal Pradesh’s economic development.