The Himachal Pradesh government has laid down a new investment policy dividing the state into three categories. The categories are based upon location, industrial development in the area, distance from the State border and overall backwardness.
The industrially developed areas have been listed under Category A while the one’s still developing are kept under Category B. Category C constitutes of the Tribal areas earmarked as the industrially backward areas. Categories B and C come with an array of incentives for the businesses houses ranging from allotment of lands to interest subvention.
Himachal Pradesh’s New Investment Policy
The government is paying huge attention to ease of doing business by doing away with procedural hindrances and making project clearances time bound. The State Government hopes to bring more than Rs 80000 crore investment during the Investment Summit to be held in the month of November at Dharmasala.