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Himachal considers eliminating essentiality certificate to boost investments

Updated: May 15, 2023 04:00:18pm
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Himachal considers eliminating essentiality certificate to boost investments

Shimla, May 15 (KNN) Chief Minister Sukhvinder Singh Sukhu on Sunday said that the state government is considering abolishing the compulsion of the Essentiality Certificate required from the industrialists to increase industrial investment in Himachal.

As per reports, the provision regarding this will be made in the New Industrial Policy.

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The chief minister pointed out that creating an industry-friendly environment in Himachal Pradesh is the topmost priority of the state government.

“The government is aiming to bring an investment of about Rs 20,000 crore in manufacturing, tourism, energy, construction and housing with the potential of providing direct employment to about 40,000 persons and indirect employment to about 50,000,” he said in a statement.

With the aims to develop Himachal as a top investment destination in the country, several new policies have been adopted by the state government in recent times.

“The land is also being made available on a low-rate lease basis, and new industries are exempted from sales or purchase tax. Concessions are being provided on charges for transportation of raw materials from the nearest railhead outside the state, besides the provision of other marginal benefits,” he said.

The chief minister added that financial assistance will be given for machinery and equipment in dental clinics, purchase of e-taxi, installation of solar power projects up to 1 MW and fisheries projects along with other enterprises under Rajiv Gandhi Swarozgaar Yojana.

A subsidy of 50 per cent will be provided uniformly to all eligible sections on the purchase of e-taxi.

The state government will also set up a Unity Mall for promoting the One District One Product concept.  (KNN Bureau)

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