Government's Commitment to Establish Himachal as Prime Investment Site: Jai Ram Thakur's Statement
Baddi Recap: Himachal Pradesh's Chief Minister Jai Ram Thakur emphasized the state's vision to become India's top investment destination. With the 7th rank in Ease of Doing Business, the government has attracted investments totaling a whopping Rs. 96,000 crores. Heavyweight events like the Global Investors Meet paved the way for rapid progress. Over Rs. 13,500 crores in investments were made within a month of the first such event, witnessed by Union Home Minister Amit Shah. On a ceremonial note, Jai Ram Thakur inaugurated the second unit of Sutlej Textiles and Industries Limited at Baddi, which cost around Rs. 239 crores and generates employment for 600 people.
Upcoming Investments: Watch out for the second groundbreaking ceremony, planned soon to attract more investments. The state government is eagerly awaiting approval for a Medical Device Park worth Rs. 269 crores at Nalagarh. Moreover, plans for a Bulk Drug Park and an Electronic Manufacturing Zone are in the works, potentially worth over Rs. 50,000 crore and Rs. 150 crore respectively.
Background Insights:
Under the leadership of Chief Minister Jai Ram Thakur, Himachal Pradesh has been on a roll with several strategic investments. Here are some highlights:
Tourism Development Project: As a nod to the state's scenic beauty, an approved project worth $162 million aims to revive heritage sites, boost tourism infrastructure, and integrate green technologies across five districts. This initiative aims to create employment opportunities and stimulate the local economy[5].
Infrastructure and Disaster Management Fund: A recent supplementary budget allocated substantial funds towards rural road connectivity and disaster preparedness, signaling investment in infrastructure and resilience[1].
Deposit Refund Scheme 2025: An initiative focusing on plastic waste management, this scheme involves a refundable deposit on select packaging materials, with the aim of reducing pollution and promoting recycling[2].
Recruitment and Public Safety Initiatives: The recruitment of 700 Home Guard volunteers reflects the government's ongoing efforts to enhance community safety and emergency response capabilities[2].
Though Jai Ram Thakur has concluded his term as Chief Minister, these initiatives reflect his government's priorities and position Himachal Pradesh for continued growth under the current administration of Sukhvinder Singh Sukhu.
In the upcoming investments landscape, Himachal Pradesh is gearing up for another groundbreaking ceremony to attract more finance in the industry, specifically for a Medical Device Park worth Rs 269 crores at Nalagarh. Furthermore, the state government is planning for a Bulk Drug Park and an Electronic Manufacturing Zone, potentially worth over Rs 50,000 crore and Rs 150 crore respectively, highlighting the continuous focus on business and investing under the current administration.
