Himachal Pradesh Flags New Industrial Policy, Seals 37 MoUs Worth Rs 10,000 Crore

Overview

• Chief Minister Sukhvinder Singh Sukhu said a new state industrial policy will be issued soon to create an investment-friendly ecosystem focused on green, digital and rural industries.
• Officials reported 37 MoUs signed at the HIM MSME Fest representing intended investments of about Rs 10,000 crore for new industrial units.
• The government announced a phased replacement of 22,000 petrol and diesel taxis with electric vehicles backed by a 40% subsidy for operators.
• A tender is planned for buses powered by green hydrogen, with the state also targeting improved connectivity including completing Kangra airport land acquisition by March 31.
• Hospitality expansion includes permission for 200 five-star hotels, alongside plans for a new city dubbed Him Chandigarh and assurances of 24x7 power at low tariffs for industries.