With Himachal Pradesh Chief Minister Prem Kumar Dhumal laying the foundation stone for a technical textile park in Una district, last week, it could add new dimension to the status of industries in Himachal.
The state, which managed to attract investment worth Rs 7799.05 crores from 2003-2010(primarily due to central excise package) now faces a challenge of attracting the industries ,sans benefits.The lapse of tax and central excise concessions on holiday package announced for Himachal along with other states in 2002, was initiated with the withdrawal of excise package from March 31.
Sandeep Jindal , managing director, Ludhiana-based Jindal Cotex Limited(two subsidiaries of Jindal Cotex Limited are setting up their units in the park with combined investment of over Rs 200 crore, maintained the park could definitely provide a new facade for the industrial sector in Himachal. Since the upcoming park was a technical one it would attract players interested in setting up their technical textile units and could help the state add a new chapter to its textile industry. Read Full Story
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