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Rs.10,000 crore investment in Himachal in five years: Dhumal

Posted on Dec 15, 09:28PM | IANS

Himachal Pradesh has attracted investments of over Rs.10,000 crore with the commissioning of 4,450 industrial units in five years, Chief Minister Prem Kumar Dhumal said here Saturday.

"Investment of Rs.19,099 crore for 5,775 industrial enterprises has been approved since 2008," he said at a PHD Chamber of Commerce and Industry awards function.

Out of these, Dhumal said, 4,450 units with an outlay of Rs.10,555 crore had been established. These include 122 medium and large-scale units.

Dhumal said that in the last four years, the state's economy grew at an average of 8.3 percent taking the gross state domestic product from Rs.33,963 crore in 2007-08 to Rs.63,084 crore in 2011-12.

Himachal also won the Most Attractive Investment Destination State award, he said.

Dhumal said the government and the Container Corporation of India had signed a memorandum of understanding for construction of an inland container depot in Baddi for Rs.57.45 crore.

"The first phase will be operational soon," he said.

The chief minister invited investments in information technology and software development.

Under Himachal Pradesh laws, only permanent residents can buy land in the state.

Others, who want to purchase land for non-agricultural purposes, have to seek relaxation from the government under the Himachal Pradesh Tenancy and Land Reforms Act.