Virbhadra seeks extension of industrial package till 2020

New Delhi, Sep 9 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh Monday asked Prime Minister Manmohan Singh to restore the special industrial package to the state in toto for seven years.

This comes less than 24 hours after Commerce Minister Anand Sharma announced partial restoration of the industrial package for the state.

"Chief Minister Virbhadra Singh requested Prime Minister Manmohan Singh to restore the industrial package of the state till 2020 to remove regional disparity in the field of industrial development and create employment avenues for the youth," an official statement from the Chief Minister's Office said.

A special package for industrial development in Himachal and Uttarakhand was extended by the Atal Bihari Vajpayee-led National Democratic Alliance (NDA) government in 2003.

But the Congress-led United Progressive Alliance government curtailed it in 2007, before restoring it till 2010.

However, the incentive of the central excise duty was withdrawn in March 2010 and income tax incentive was withdrawn in March 2012.

The chief minister said these incentives to the special category states are not adversely affecting the industrial development of bigger states.

During the industrial package period, he said, the state got about 16,500 units in small, medium and large-scale sectors, with the proposed investment of Rs.48,830 crore having employment potential of 542,580 people.

However, of these approved units, only 9,353 units with investment of Rs.14,557 crore, having employment potential of 120,602 people, were actually set up in the state.

The chief minister said the state had made massive investment to improve infrastructural facilities in industrial areas and facilitate investment.

Union Commerce Minister Anand Sharma, who was in Shimla Sunday to hold consultations with state government functionaries on industrial development projects, announced that the capital investment subsidy on plant and machinery for Himachal Pradesh and Uttarakhand would be extended till March 31, 2017, to accelerate industrial growth of the hill states.

The capital investment subsidy was one major component of a special industrial package offered to the states by the union government.

While the package itself was withdrawn in March 2010 in both the states, the capital investment subsidy component remained in force after that, but expired Jan 7 this year, official sources said.

Likewise, Sharma announced a freight subsidy incentive for industry in both the hill states, on the pattern of the northeastern states. The same subsidy was earlier known as the central transport subsidy scheme.

Certain rules of the freight subsidy incentive have been relaxed to make it more liberal and it would be applicable till 2017, he said.

Matches

MORE TOP STORIES TODAY

Punjab pull off another big chase

Punjab pull off another big chase

GAME 7, SHARJAH—Maxwell, Miller, Pujara chase down Rajasthan's 192. More »

Royal test for Kings

Royal test for Kings

Preview — Clash of philosophies between Australia-centric teams More »

Have nothing to prove to anybody — Sehwag

Have nothing to prove to anybody — Sehwag

The Nawab of Najafgarh says a good run in IPL could help his chances of a comeback on India's tour to England in June. More »

Shastri in proposed IPL probe panel

Shastri in proposed IPL probe panel

Some members stressed on the need for proposing names with an "impeccable record and clean image". More »

Duminy steals first win for Delhi

Duminy steals first win for Delhi

Furious fifties by Duminy and Dinesh Karthik end a long losing streak for the Daredevils. More »

Five things England must do to bounce back

Five things England must do to bounce back

England have appointed a new head coach in Peter Moores. More »

AB, Parthiv seal Bangalore's second win

AB, Parthiv seal Bangalore's second win

Royal Challengers overcame a stutter to cruise to the small target they were set by Mumbai Indians. More »

‘Felt like helpless minority’

‘Felt like helpless minority’

Former BCCI treasurer Ajay Shirke says emotions got the better of Srinivasan and he tried to oversimplify things by calling Meiyappan an “enthusiast.” More »

Srinivasan can attend BCCI meeting

Srinivasan can attend BCCI meeting

His status as president of TNCA makes him eligible to attend the Working Committee meeting on Sunday. More »

No way back for Pietersen: ECB

No way back for Pietersen: ECB

Kevin Pietersen's hopes of reviving his international career appeared to end Saturday when ECB managing director Paul Downton said there was 'no way back'… More »

The world record that nearly wasn't

The world record that nearly wasn't

Twenty years ago this week, Brian Lara became Test cricket's highest scorer, but he almost didn't make it. More »

Maxwell carves his parallel universe

Maxwell carves his parallel universe

Glenn Maxwell seems to project an icy disdain when at the crease. Match situations rarely faze him and the bubble in which he plays excludes everyone … More »

Moores gets second stint as coach

Moores gets second stint as coach

In a two-year spell from 2007 to 2009, the 51-year-old Moores led England in seven Test series. More »

Bangladesh senior players to see shrink

Bangladesh senior players to see shrink

Bangladesh's senior players will have three sessions with a psychological skill development coach later this month More »

BCCI is not anybody’s property — Dalmiya

BCCI is not anybody’s property — Dalmiya

Dalmiya feels that Srinivasan’s ‘power hungry’ attitude isn’t helping matters. More »

Tough for bowlers: Saeed Ajmal

Tough for bowlers: Saeed Ajmal

The 36-year-old believes the T20 format and rule changes in 50-over matches have made a real difference. More »

KP ridicules idea of day-night Tests

KP ridicules idea of day-night Tests

Kevin Pietersen has ridiculed the idea of day-night Test cricket, saying the game would be so different to proper Test cricket that we will need a whole… More »

Rajasthan edge low-scoring thriller

Rajasthan edge low-scoring thriller

The bowlers restricted Hyderabad to 133 for 6 before Rahane and Binny took Rajasthan over the line. More »

Maxwell blitz takes Punjab home

Maxwell blitz takes Punjab home

The Kings XI batsman blasted a 43-ball 95 to help his team pull off a massive chase against Chennai Super Kings. More »

BCCI members want independent probe

BCCI members want independent probe

The board members are realising after the Supreme Court's observations that something has to be done — IS Bindra More »

'BCCI lacks leaders to take on Srini'

'BCCI lacks leaders to take on Srini'

Two former BCCI presidents, Shashank Manohar and Jagmohan Dalmiya, have reacted strongly to the news of the BCCI calling an emergent meeting on Sunday… More »

Delhi look for first points against confident Kolkata

Delhi look for first points against confident Kolkata

Preview — The threat of Sunil Narine looms large again. More »

Bangalore vs Mumbai: A battle of the big-hitters

Bangalore vs Mumbai: A battle of the big-hitters

Preview — Given the firepower in both line-ups, Dubai crowd may see another high-scorer More »

Yuvraj tees off to Sharjah's delight

Yuvraj tees off to Sharjah's delight

Yuvraj Singh was hardly convincing to begin with against Delhi, but a big dose of crowd support and a helping of poor bowling meant he had the opportunity… More »