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Himachal demands to extend industrial package for state

Date: 19 Jul, 2013

Himachal Pradesh reiterated its demand to extend the industrial package in the state till 2020, keeping in view of the industrial backwardness of the state. Mandi MP Pratibha Singh raised this issue with Union Commerce Minister Anand Sharma during her meeting with him in New Delhi.

She requested him to provide incentives of capital investment subsidy on plant and machinery, 100% outright excise duty exemption for period of 10 years from the date of commencement of production for industrial units and 100 percent income tax exemption for period of five years and thereafter 30/25 percent exemption for the next five years in case of companies/other than companies respectively to all the new industrial units in the State to maintain the pace of industrialization.

Singh demanded for the sanction of Rs 100 crore projects out of 20 percent central component of Assistance to States for Development of Export Infrastructure and other Allied Activities (ASIDE) scheme and told him that the State level Export Promotion Committee had already approved these eight projects for coverage under 20 percent central component of ASIDE scheme during the 12th Five Year Plan.

She said that these projects were also discussed in the meeting of Ministry held in February, 2013 and it was agreed in principle that Government of India would consider to sanction these projects from 20 percent Central component of ASIDE Scheme, but so far no progress in this regard has been made. She urged the Union Minister to grant time bound sanction to these projects for strengthening the industrial infrastructure in the State.

Src: The Himachal News

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