A Memorandum of Understanding (MoU) worth Rs. 110 crore was signed in the presence of Chief Minister Jai Ram Thakur between the State Government and M/s Microtek New Technologies Private Ltd. for setting up of manufacturing unit of thermometers, online/offline UPS, High capacity invertors, oxymeters and other electrical and electronics products at Baddi in Solan district.Director, Industries Hansraj Sharma signed the MoU on behalf of the State Government whereas Chairman Microtek New Technologies Private Ltd. Subodh Gupta on behalf of the Private Ltd.The Unit would be completed by March, 2021 and would provide direct employment to about 450 persons.Subodh Gupta also presented 1000 thermal thermometers to the Chief Minister on behalf of the company.Industries Minister Bikram Singh and Principal Secretary to Chief Minister J.C. Sharma were also present on the occasion.