New Delhi, 29 Nov 2006
The government had announced a package of economic incentives on 7th January, 2003 for promoting industrialisation in the State of Uttaranchal (Uttarakhand). Under this package, various incentives like income tax exemption, excise exemption and Capital Investment Subsidy to New Industrial units and existing industrial units on their substantial expansion in the identified locations have been provided. As a result, as per Government of Uttaranchal, the industrial growth rate which was 1.9% in 2001-2002 has increased to 18%. 7627 SSI units were established during last two years and the current year with an investment of Rs.1773.00 crore and 44000 persons have been employed. Besides, 2460 industrial units with an investment of Rs.21,500.00 crore are in various stages of implementation, in which employment to about 1,50,000 persons would get generated.
Rs.24.91 crore has been released in this regard by the central government for the State of Uttaranchal (Uttarakhand) since 2002-03.
This was stated by Shri Ashwani Kumar, Minister of State for Industry, in a written reply in the Rajya Sabha today.
News Source: http://pib.nic.in/


