Special industrial package extended for Himachal till 2017 : Anand Sharma

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5 Dariya News (Arvind Sharma)

Dharamsala , 15 Jan 2014

The Centre on Wednesday extended the special industrial package for Himachal Pradesh and Uttarakhand till March 2017, a move that will help accelerate industrial growth of both the hilly states.“The Cabinet extended the special package for the states of Himachal and Uttarakhand, which has two components - the capital investment subsidy and the freight subsidy. And this special package will continue through the 12th Plan up to 31st March 2017,” Commerce and Industry Minister Anand Sharma told reporters in New Delhi.A special package for industrial development in both the states was extended by the government in 2003. In 2007, it was curtailed, before being restored till 2010.The capital investment subsidy was one of the major component of a special industrial package offered to the states by the union government.According to a media report, Himachal Pradesh got maximum investment from 2003 to 2010, when there was a special industrial package from the central government in force. Most investments were in pharmaceutical, food processing, textile, packaging and light engineering sectors.