Himachal Pradesh woos Investors: Pours 1000 crore in state development wallet

News Bharati    11-Jul-2019

Shimla, July 11: Wooing investors towards itself, the Himachal Pradesh government on Wednesday signed memorandums of understanding (MoU) of Rs 1,000 crore with three companies for investment in the state. The pacts were signed during Himachal Pradesh Global Investors Meet here in which Chief Minister Jai Ram Thakur and Industries Minister Bikram Singh met 18 industrial houses'' representatives.


The MoU has been signed with Ski Himalayas Ropeway the only aviation company of the state. It will invest Rs 500 crore on ropeways, ski resort, heli-ski, heli taxi and heli safari projects, the government said in a statement.

MoU has been signed with Satya Developers Company for investing Rs 300 crore in housing and biotechnology company Puremagics for investing Rs 50 crore on algae farming.

Field Fresh Food Private Ltd expressed interest in setting up food processing units in the state, a government statement said.

"Oyo India and South Asia Group offered for expansion of its chain of hotels in Himachal Pradesh with a view to providing more facilities to the tourists. The company has its hotel units in 36 towns of the state in which employment has been provided to around five thousand people.


"During interaction with the Chief Minister, the Trans Metalite India Ltd offered to send its team to explore possibilities and providing technical expertise for the construction of a proposed airport in Balh valley of Mandi district," the statement said. Munjal Auto Company also expressed keenness to invest in bottling water plant in the state, while Air One Aviation proposed to make drone technology available in agriculture, horticulture, and other sectors, it said.

CM Thakur said the state government has set a target of attracting investment of Rs 85,000 crore and so far pacts have been signed for the investment of Rs 22,000 crore.

The state is organizing its first Global Investor’s Summit in Dharamsala town on November 7-8.